Adjusted savings: education expenditure in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Adjusted savings: education expenditure was 4.9% in 2021. ▲ Rising
Adjusted savings: education expenditure in Latin America & Caribbean (excluding high income), 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: education expenditure in Latin America & Caribbean (excluding high income) stood at 4.9%.
That represents a change of down 0.8% on the previous year and down 5.2% over ten years.
Over the whole period, adjusted savings: education expenditure in Latin America & Caribbean (excluding high income) peaked at 5.4% in 2015 and was at its lowest, 2.9%, in 1976.
That places Latin America & Caribbean (excluding high income) 7th out of 47 groups with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Adjusted savings: education expenditure in Latin America & Caribbean (excluding high income), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 2.9% | — |
| 1971 | 3.1% | +6.6% |
| 1972 | 3.1% | +1.4% |
| 1973 | 2.9% | -7.7% |
| 1974 | 3.0% | +5.2% |
| 1975 | 3.2% | +5.3% |
| 1976 | 2.9% | -10.9% |
| 1977 | 2.9% | +0.7% |
| 1978 | 2.9% | +1.2% |
| 1979 | 3.1% | +5.7% |
| 1980 | 3.1% | +2.3% |
| 1981 | 3.6% | +13.0% |
| 1982 | 3.7% | +4.7% |
| 1983 | 3.0% | -18.4% |
| 1984 | 3.0% | -1.9% |
| 1985 | 3.1% | +2.7% |
| 1986 | 3.3% | +9.3% |
| 1987 | 3.5% | +3.3% |
| 1988 | 3.3% | -5.3% |
| 1989 | 3.6% | +8.9% |
| 1990 | 3.2% | -10.0% |
| 1991 | 3.3% | +2.2% |
| 1992 | 3.6% | +10.2% |
| 1993 | 3.5% | -3.2% |
| 1994 | 3.9% | +12.3% |
| 1995 | 3.8% | -2.6% |
| 1996 | 4.1% | +6.5% |
| 1997 | 4.1% | +1.3% |
| 1998 | 4.0% | -2.6% |
| 1999 | 3.8% | -5.4% |
| 2000 | 4.0% | +6.2% |
| 2001 | 4.2% | +3.0% |
| 2002 | 4.2% | +0.2% |
| 2003 | 4.4% | +4.9% |
| 2004 | 4.2% | -4.5% |
| 2005 | 4.4% | +4.8% |
| 2006 | 4.4% | +1.4% |
| 2007 | 4.5% | +1.8% |
| 2008 | 4.8% | +6.8% |
| 2009 | 5.2% | +8.1% |
| 2010 | 5.1% | -1.2% |
| 2011 | 5.2% | +0.4% |
| 2012 | 5.2% | +0.5% |
| 2013 | 5.1% | -1.4% |
| 2014 | 5.3% | +2.9% |
| 2015 | 5.4% | +3.1% |
| 2016 | 5.4% | -0.7% |
| 2017 | 5.3% | -0.9% |
| 2018 | 5.2% | -3.2% |
| 2019 | 5.1% | -1.4% |
| 2020 | 4.9% | -3.1% |
| 2021 | 4.9% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 2.9% | 3.2% | 10 |
| 1980s | 3.3% | 3.0% | 3.7% | 10 |
| 1990s | 3.7% | 3.2% | 4.1% | 10 |
| 2000s | 4.4% | 4.0% | 5.2% | 10 |
| 2010s | 5.2% | 5.1% | 5.4% | 10 |
| 2020s | 4.9% | 4.9% | 4.9% | 2 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 4 American Samoa 11.8% compare
- 5 Solomon Islands 9.9% compare
- 6 Botswana 9.5% compare
- 7 United States Virgin Islands 9.4% compare
- 8 Namibia 8.9% compare
- 9 Puerto Rico 8.6% compare
- 10 Guam 8.3% compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.11 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,436 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,076 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 1,706 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is adjusted savings: education expenditure in Latin America & Caribbean (excluding high income)?
- Adjusted savings: education expenditure in Latin America & Caribbean (excluding high income) was 4.9% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 5.4% in 2015.
- What is the lowest adjusted savings: education expenditure recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 2.9% in 1976.
- How does Latin America & Caribbean (excluding high income) rank for adjusted savings: education expenditure?
- Latin America & Caribbean (excluding high income) ranks 7th out of 47 groups with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) 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.