Adjusted savings: education expenditure in Latin America & Caribbean
Latin America & Caribbean: Adjusted savings: education expenditure was 5.0% in 2021. ▲ Rising
Adjusted savings: education expenditure in Latin America & Caribbean, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Latin America & Caribbean recorded 5.0% for adjusted savings: education expenditure in 2021.
The figure is down 0.7% on the previous year and down 3.4% over ten years.
Over the whole period, adjusted savings: education expenditure in Latin America & Caribbean peaked at 5.4% in 2015 and was at its lowest, 3.0%, in 1976.
That places Latin America & Caribbean 3rd out of 47 groups with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 52 years of available data.
Adjusted savings: education expenditure in Latin America & Caribbean, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 3.1% | — |
| 1971 | 3.3% | +5.1% |
| 1972 | 3.4% | +4.4% |
| 1973 | 3.1% | -10.2% |
| 1974 | 3.2% | +3.1% |
| 1975 | 3.3% | +4.3% |
| 1976 | 3.0% | -8.6% |
| 1977 | 3.0% | +0.8% |
| 1978 | 3.0% | +0.0% |
| 1979 | 3.2% | +4.8% |
| 1980 | 3.3% | +3.0% |
| 1981 | 3.7% | +12.1% |
| 1982 | 3.8% | +4.2% |
| 1983 | 3.2% | -16.1% |
| 1984 | 3.2% | -1.7% |
| 1985 | 3.2% | +2.2% |
| 1986 | 3.5% | +7.8% |
| 1987 | 3.6% | +2.3% |
| 1988 | 3.4% | -5.0% |
| 1989 | 3.6% | +7.3% |
| 1990 | 3.3% | -9.1% |
| 1991 | 3.4% | +1.5% |
| 1992 | 3.7% | +8.9% |
| 1993 | 3.5% | -3.0% |
| 1994 | 3.9% | +10.9% |
| 1995 | 3.8% | -2.6% |
| 1996 | 4.1% | +6.2% |
| 1997 | 4.1% | +1.6% |
| 1998 | 4.1% | -1.9% |
| 1999 | 3.9% | -4.3% |
| 2000 | 4.1% | +5.2% |
| 2001 | 4.2% | +3.1% |
| 2002 | 4.2% | +0.4% |
| 2003 | 4.4% | +4.4% |
| 2004 | 4.2% | -4.3% |
| 2005 | 4.4% | +4.0% |
| 2006 | 4.4% | +1.0% |
| 2007 | 4.5% | +1.7% |
| 2008 | 4.8% | +6.7% |
| 2009 | 5.2% | +7.9% |
| 2010 | 5.1% | -1.1% |
| 2011 | 5.1% | +0.2% |
| 2012 | 5.2% | +0.9% |
| 2013 | 5.1% | -1.4% |
| 2014 | 5.3% | +2.6% |
| 2015 | 5.4% | +2.9% |
| 2016 | 5.4% | -0.6% |
| 2017 | 5.3% | -0.7% |
| 2018 | 5.2% | -3.2% |
| 2019 | 5.1% | -0.7% |
| 2020 | 5.0% | -2.5% |
| 2021 | 5.0% | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.2% | 3.0% | 3.4% | 10 |
| 1980s | 3.5% | 3.2% | 3.8% | 10 |
| 1990s | 3.8% | 3.3% | 4.1% | 10 |
| 2000s | 4.5% | 4.1% | 5.2% | 10 |
| 2010s | 5.2% | 5.1% | 5.4% | 10 |
| 2020s | 5.0% | 5.0% | 5.0% | 2 |
Countries ranked near Latin America & Caribbean
- 1 Micronesia, Federated States of 23.6% compare
- 2 Cuba 13.0% compare
- 3 Marshall Islands 12.7% compare
- 4 American Samoa 11.8% compare
- 5 Solomon Islands 9.9% compare
- 6 Botswana 9.5% compare
More economy & growth data for Latin America & Caribbean
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,782 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5777 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1607 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Latin America & Caribbean?
- Adjusted savings: education expenditure in Latin America & Caribbean was 5.0% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Latin America & Caribbean?
- The highest recorded value was 5.4% in 2015.
- What is the lowest adjusted savings: education expenditure recorded in Latin America & Caribbean?
- The lowest recorded value was 3.0% in 1976.
- How does Latin America & Caribbean rank for adjusted savings: education expenditure?
- Latin America & Caribbean ranks 3rd out of 47 groups with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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.