Adjusted savings: education expenditure in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Adjusted savings: education expenditure was 4.9% in 2021. ▲ Rising
Adjusted savings: education expenditure in Latin America & the Caribbean (IDA & IBRD countries), 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Latin America & the Caribbean (IDA & IBRD countries) recorded 4.9% for adjusted savings: education expenditure in 2021.
Compared with earlier readings it is down 0.6% on the previous year and down 1.8% over ten years.
Over the whole period, adjusted savings: education expenditure in Latin America & the Caribbean (IDA & IBRD countries) peaked at 5.2% in 2015 and was at its lowest, 2.8%, in 1976.
Latin America & the Caribbean (IDA & IBRD countries) ranks 5th of 47 groups on this measure, 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 2.9% | — |
| 1971 | 3.0% | +5.6% |
| 1972 | 3.2% | +4.8% |
| 1973 | 2.9% | -10.3% |
| 1974 | 3.0% | +4.5% |
| 1975 | 3.1% | +4.7% |
| 1976 | 2.8% | -10.2% |
| 1977 | 2.9% | +1.6% |
| 1978 | 2.8% | -0.4% |
| 1979 | 3.0% | +5.6% |
| 1980 | 3.1% | +3.2% |
| 1981 | 3.5% | +14.1% |
| 1982 | 3.7% | +3.8% |
| 1983 | 3.0% | -18.0% |
| 1984 | 2.9% | -2.2% |
| 1985 | 3.0% | +2.2% |
| 1986 | 3.2% | +7.9% |
| 1987 | 3.3% | +3.0% |
| 1988 | 3.2% | -4.9% |
| 1989 | 3.5% | +8.8% |
| 1990 | 3.1% | -9.8% |
| 1991 | 3.2% | +1.8% |
| 1992 | 3.5% | +10.3% |
| 1993 | 3.4% | -2.6% |
| 1994 | 3.8% | +12.4% |
| 1995 | 3.7% | -2.4% |
| 1996 | 4.0% | +6.8% |
| 1997 | 4.0% | +1.5% |
| 1998 | 3.9% | -2.4% |
| 1999 | 3.7% | -5.3% |
| 2000 | 4.0% | +5.6% |
| 2001 | 4.1% | +2.9% |
| 2002 | 4.1% | -0.4% |
| 2003 | 4.2% | +4.4% |
| 2004 | 4.0% | -4.6% |
| 2005 | 4.2% | +4.7% |
| 2006 | 4.3% | +1.7% |
| 2007 | 4.3% | +0.9% |
| 2008 | 4.6% | +6.9% |
| 2009 | 5.0% | +8.4% |
| 2010 | 5.0% | -0.6% |
| 2011 | 5.0% | +0.3% |
| 2012 | 5.1% | +0.8% |
| 2013 | 5.0% | -1.5% |
| 2014 | 5.1% | +2.8% |
| 2015 | 5.2% | +2.4% |
| 2016 | 5.2% | -0.8% |
| 2017 | 5.2% | -0.5% |
| 2018 | 5.0% | -3.6% |
| 2019 | 4.9% | -1.0% |
| 2020 | 5.0% | +0.3% |
| 2021 | 4.9% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 2.8% | 3.2% | 10 |
| 1980s | 3.2% | 2.9% | 3.7% | 10 |
| 1990s | 3.6% | 3.1% | 4.0% | 10 |
| 2000s | 4.3% | 4.0% | 5.0% | 10 |
| 2010s | 5.1% | 4.9% | 5.2% | 10 |
| 2020s | 4.9% | 4.9% | 5.0% | 2 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 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
- 7 United States Virgin Islands 9.4% compare
- 8 Namibia 8.9% compare
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Households and NPISHs Final consumption expenditure (current US$) 4.26 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,700 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.136 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,472 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,460 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5831 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.48 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.157 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6893 current US$ per US$ of GDP (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is adjusted savings: education expenditure in Latin America & the Caribbean (IDA & IBRD countries)?
- Adjusted savings: education expenditure in Latin America & the Caribbean (IDA & IBRD countries) was 4.9% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 5.2% in 2015.
- What is the lowest adjusted savings: education expenditure recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 2.8% in 1976.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for adjusted savings: education expenditure?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 5th out of 47 groups with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is rising.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.