Adjusted savings: education expenditure in OECD members
OECD members: Adjusted savings: education expenditure was 4.4% in 2021. ▼ Falling
Adjusted savings: education expenditure in OECD members, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: education expenditure in OECD members stood at 4.4%.
The figure is up 0.6% on the previous year and down 5.4% over ten years.
Over the whole period, adjusted savings: education expenditure in OECD members peaked at 5.5% in 1970 and was at its lowest, 4.1%, in 1999.
OECD members ranks 15th of 47 groups on this measure, 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 OECD members, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 5.5% | — |
| 1971 | 5.2% | -5.5% |
| 1972 | 5.1% | -1.5% |
| 1973 | 4.9% | -3.5% |
| 1974 | 4.9% | -0.6% |
| 1975 | 5.2% | +5.8% |
| 1976 | 5.2% | +1.4% |
| 1977 | 5.1% | -2.4% |
| 1978 | 5.0% | -2.1% |
| 1979 | 4.8% | -3.3% |
| 1980 | 4.8% | -0.1% |
| 1981 | 5.0% | +3.8% |
| 1982 | 5.1% | +0.5% |
| 1983 | 5.1% | +0.8% |
| 1984 | 5.3% | +4.1% |
| 1985 | 5.1% | -3.3% |
| 1986 | 4.3% | -16.7% |
| 1987 | 5.0% | +17.9% |
| 1988 | 4.3% | -15.4% |
| 1989 | 4.2% | -2.0% |
| 1990 | 4.2% | +0.3% |
| 1991 | 4.2% | +1.2% |
| 1992 | 4.6% | +7.5% |
| 1993 | 4.5% | -0.5% |
| 1994 | 4.7% | +4.0% |
| 1995 | 4.5% | -5.1% |
| 1996 | 4.5% | +1.0% |
| 1997 | 4.6% | +1.5% |
| 1998 | 4.1% | -10.3% |
| 1999 | 4.1% | -0.7% |
| 2000 | 4.2% | +1.9% |
| 2001 | 4.3% | +3.8% |
| 2002 | 4.4% | +1.5% |
| 2003 | 4.5% | +2.7% |
| 2004 | 4.4% | -2.5% |
| 2005 | 4.3% | -1.9% |
| 2006 | 4.4% | +1.9% |
| 2007 | 4.4% | -0.7% |
| 2008 | 4.4% | +1.7% |
| 2009 | 4.6% | +2.9% |
| 2010 | 4.6% | +1.7% |
| 2011 | 4.6% | +0.4% |
| 2012 | 4.5% | -3.0% |
| 2013 | 4.9% | +8.4% |
| 2014 | 4.9% | -0.5% |
| 2015 | 4.5% | -8.0% |
| 2016 | 4.4% | -1.8% |
| 2017 | 4.4% | +1.0% |
| 2018 | 4.3% | -1.8% |
| 2019 | 4.4% | +0.6% |
| 2020 | 4.4% | +0.0% |
| 2021 | 4.4% | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.1% | 4.8% | 5.5% | 10 |
| 1980s | 4.8% | 4.2% | 5.3% | 10 |
| 1990s | 4.4% | 4.1% | 4.7% | 10 |
| 2000s | 4.4% | 4.2% | 4.6% | 10 |
| 2010s | 4.6% | 4.3% | 4.9% | 10 |
| 2020s | 4.4% | 4.4% | 4.4% | 2 |
Countries ranked near OECD members
- 12 New Zealand 7.4% compare
- 13 Saudi Arabia 7.2% compare
- 14 Iceland 7.2% compare
- 15 Sierra Leone 7.1% compare
- 16 Sweden 7.1% compare
- 17 Eswatini 7.1% compare
- 18 Papua New Guinea 6.9% compare
More economy & growth data for OECD members
- Industry (including construction), value added 12.98 trillion current US$ (2022)
- Trade 56.9% (2024)
- Services, value added (current US$), annual growth rate 10.69 % change on previous year (2021)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Services, value added (current US$), per unit of GDP 0.6982 current US$ per US$ of GDP (2021)
- Manufacturing, value added 7.62 trillion constant 2015 US$ (2024)
- Services, value added (current US$), per capita 30,368 current US$ per person (2021)
- Services, value added 41.66 trillion current US$ (2021)
- Gross value added at basic prices (GVA) (current US$), annual growth 11.37 % change on previous year (2021)
Frequently asked questions
- What is adjusted savings: education expenditure in OECD members?
- Adjusted savings: education expenditure in OECD members was 4.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in OECD members?
- The highest recorded value was 5.5% in 1970.
- What is the lowest adjusted savings: education expenditure recorded in OECD members?
- The lowest recorded value was 4.1% in 1999.
- How does OECD members rank for adjusted savings: education expenditure?
- OECD members ranks 15th out of 47 groups with data for 2021.
- Is adjusted savings: education expenditure rising or falling in OECD members?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is falling.
- Where does this OECD members 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.