Adjusted savings: education expenditure in Caribbean Small States
Caribbean Small States: Adjusted savings: education expenditure was 4.1% in 2021. ▼ Falling
Adjusted savings: education expenditure in Caribbean Small States, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Caribbean Small States recorded 4.1% for adjusted savings: education expenditure in 2021.
Compared with earlier readings it is up 9.0% on the previous year and up 6.2% over ten years.
Over the whole period, adjusted savings: education expenditure in Caribbean Small States peaked at 5.3% in 1985 and was at its lowest, 3.6%, in 2008.
That places Caribbean Small States 20th out of 47 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Adjusted savings: education expenditure in Caribbean Small States, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 3.9% | — |
| 1971 | 3.9% | -0.2% |
| 1972 | 3.9% | +0.8% |
| 1973 | 4.0% | +3.2% |
| 1974 | 3.9% | -3.4% |
| 1975 | 3.8% | -2.9% |
| 1976 | 4.0% | +5.9% |
| 1977 | 4.1% | +1.9% |
| 1978 | 4.1% | -0.7% |
| 1979 | 4.0% | -1.7% |
| 1980 | 3.8% | -3.7% |
| 1981 | 4.5% | +16.0% |
| 1982 | 4.9% | +10.5% |
| 1983 | 5.0% | +0.5% |
| 1984 | 5.1% | +3.7% |
| 1985 | 5.3% | +4.0% |
| 1986 | 5.1% | -4.1% |
| 1987 | 5.1% | -1.0% |
| 1988 | 5.1% | +0.2% |
| 1989 | 4.7% | -8.1% |
| 1990 | 4.4% | -5.2% |
| 1991 | 4.3% | -3.2% |
| 1992 | 4.5% | +4.9% |
| 1993 | 4.5% | +0.4% |
| 1994 | 4.3% | -4.0% |
| 1995 | 4.3% | +0.1% |
| 1996 | 4.3% | -1.6% |
| 1997 | 4.2% | -1.3% |
| 1998 | 3.9% | -8.2% |
| 1999 | 3.8% | -1.4% |
| 2000 | 3.7% | -2.0% |
| 2001 | 4.0% | +6.1% |
| 2002 | 4.1% | +4.2% |
| 2003 | 3.9% | -6.5% |
| 2004 | 3.8% | -1.8% |
| 2005 | 3.8% | +0.2% |
| 2006 | 3.8% | -1.4% |
| 2007 | 3.7% | -1.9% |
| 2008 | 3.6% | -1.4% |
| 2009 | 3.8% | +3.9% |
| 2010 | 3.8% | +1.6% |
| 2011 | 3.8% | -0.3% |
| 2012 | 3.8% | -1.0% |
| 2013 | 3.9% | +2.0% |
| 2014 | 3.9% | +1.3% |
| 2015 | 3.9% | -1.1% |
| 2016 | 3.9% | -0.6% |
| 2017 | 3.8% | -0.6% |
| 2018 | 3.8% | -1.2% |
| 2019 | 3.7% | -1.1% |
| 2020 | 3.7% | -0.2% |
| 2021 | 4.1% | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 3.8% | 4.1% | 10 |
| 1980s | 4.9% | 3.8% | 5.3% | 10 |
| 1990s | 4.3% | 3.8% | 4.5% | 10 |
| 2000s | 3.8% | 3.6% | 4.1% | 10 |
| 2010s | 3.8% | 3.7% | 3.9% | 10 |
| 2020s | 3.9% | 3.7% | 4.1% | 2 |
Countries ranked near Caribbean Small States
- 17 Eswatini 7.1% compare
- 18 Papua New Guinea 6.9% compare
- 19 Costa Rica 6.9% compare
- 20 Norway 6.7% compare
- 21 Venezuela, Bolivarian Republic of 6.5% compare
- 22 Oman 6.5% compare
- 23 South Africa 6.5% compare
More economy & growth data for Caribbean Small States
- GDP (current US$), annual growth rate 5.2 % change on previous year (2025)
- Services, value added 47.22 billion current US$ (2024)
- Services, value added 41.90 billion constant 2015 US$ (2024)
- Services, value added 52.2% (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,188 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), annual growth rate 7.98 % change on previous year (2025)
- GDP (constant 2015 US$), per capita 20,053 constant 2015 US$ per person (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9604 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8627 constant 2015 US$ per US$ of GDP (2024)
- GDP (current US$), per capita 20,880 current US$ per person (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Caribbean Small States?
- Adjusted savings: education expenditure in Caribbean Small States was 4.1% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Caribbean Small States?
- The highest recorded value was 5.3% in 1985.
- What is the lowest adjusted savings: education expenditure recorded in Caribbean Small States?
- The lowest recorded value was 3.6% in 2008.
- How does Caribbean Small States rank for adjusted savings: education expenditure?
- Caribbean Small States ranks 20th out of 47 groups with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Caribbean Small States?
- Over the last ten years it is up 6.2%. The long-run trend across the full record is falling.
- Where does this Caribbean Small States data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.