Adjusted savings: education expenditure in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Adjusted savings: education expenditure was 6.5% in 2021. ▲ Rising
Adjusted savings: education expenditure in Venezuela, Bolivarian Republic of, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: education expenditure in Venezuela, Bolivarian Republic of is 6.5%, measured in 2021. That is the highest value across all 52 years on record.
The figure is unchanged over ten years.
Over the whole period, adjusted savings: education expenditure in Venezuela, Bolivarian Republic of peaked at 6.5% in 2009 and was at its lowest, 2.6%, in 1990.
That places Venezuela, Bolivarian Republic of 21st out of 200 countries 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 Venezuela, Bolivarian Republic of, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 3.7% | — |
| 1971 | 3.7% | +0.0% |
| 1972 | 4.1% | +10.8% |
| 1973 | 4.2% | +2.4% |
| 1974 | 3.5% | -16.7% |
| 1975 | 4.4% | +25.7% |
| 1976 | 4.0% | -9.4% |
| 1977 | 3.9% | -2.1% |
| 1978 | 4.0% | +2.2% |
| 1979 | 4.0% | +0.0% |
| 1980 | 3.6% | -9.7% |
| 1981 | 4.3% | +19.4% |
| 1982 | 4.2% | -2.3% |
| 1983 | 4.9% | +16.7% |
| 1984 | 4.3% | -12.2% |
| 1985 | 4.1% | -4.7% |
| 1986 | 3.6% | -12.2% |
| 1987 | 4.3% | +19.4% |
| 1988 | 3.8% | -11.6% |
| 1989 | 3.6% | -5.3% |
| 1990 | 2.6% | -27.8% |
| 1991 | 3.6% | +36.8% |
| 1992 | 4.6% | +29.4% |
| 1993 | 4.1% | -10.9% |
| 1994 | 5.0% | +22.0% |
| 1995 | 4.5% | -10.0% |
| 1996 | 4.4% | -3.3% |
| 1997 | 4.4% | +0.0% |
| 1998 | 4.4% | +0.0% |
| 1999 | 4.2% | -2.7% |
| 2000 | 4.1% | -2.8% |
| 2001 | 4.0% | -2.9% |
| 2002 | 3.9% | -3.0% |
| 2003 | 3.8% | -3.1% |
| 2004 | 3.6% | -3.2% |
| 2005 | 3.5% | -3.3% |
| 2006 | 3.4% | -3.4% |
| 2007 | 3.5% | +2.6% |
| 2008 | 5.0% | +43.7% |
| 2009 | 6.5% | +30.4% |
| 2010 | 6.5% | +0.0% |
| 2011 | 6.5% | +0.0% |
| 2012 | 6.5% | +0.0% |
| 2013 | 6.5% | +0.0% |
| 2014 | 6.5% | +0.0% |
| 2015 | 6.5% | +0.0% |
| 2016 | 6.5% | +0.0% |
| 2017 | 6.5% | +0.0% |
| 2018 | 6.5% | +0.0% |
| 2019 | 6.5% | +0.0% |
| 2020 | 6.5% | +0.0% |
| 2021 | 6.5% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 3.5% | 4.4% | 10 |
| 1980s | 4.1% | 3.6% | 4.9% | 10 |
| 1990s | 4.2% | 2.6% | 5.0% | 10 |
| 2000s | 4.1% | 3.4% | 6.5% | 10 |
| 2010s | 6.5% | 6.5% | 6.5% | 10 |
| 2020s | 6.5% | 6.5% | 6.5% | 2 |
Countries ranked near Venezuela, Bolivarian Republic of
- 18 Papua New Guinea 6.9% compare
- 19 Costa Rica 6.9% compare
- 20 Norway 6.7% compare
- 22 Oman 6.5% compare
- 23 South Africa 6.5% compare
- 24 Belize 6.4% compare
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Households and NPISHs Final consumption expenditure (current LCU) -100 % change on previous year (1991)
- Households and NPISHs Final consumption expenditure (current LCU) 0 current LCU per US$ of GDP (2011)
- Households and NPISHs Final consumption expenditure (current LCU) 0 current LCU per person (2011)
- Final consumption expenditure (current US$), annual growth rate -16.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8928 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 3,120 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 237.43 % change on previous year (2025)
- Final consumption expenditure (current LCU), per unit of GDP 147.72 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: education expenditure in Venezuela, Bolivarian Republic of?
- Adjusted savings: education expenditure in Venezuela, Bolivarian Republic of was 6.5% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 6.5% in 2009.
- What is the lowest adjusted savings: education expenditure recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 2.6% in 1990.
- How does Venezuela, Bolivarian Republic of rank for adjusted savings: education expenditure?
- Venezuela, Bolivarian Republic of ranks 21st out of 200 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is unchanged. The long-run trend across the full record is rising.
- Where does this Venezuela, Bolivarian Republic of 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.