Government expenditure on education, total (% of government expenditure) Government expenditure on education, total (% of government expenditure) in Cambodia was 8.98 as of 2018. Its highest value over the past 20 years was 12.40 in 2004, while its lowest value was 7.20 in 2012.
How much of GDP is spend on education?
The Economic Survey 2020-21 reported that spending on education as a percentage of GDP stagnated at 2.8% during 2014-2019 and increased to 3-3.5% in the 2019-21period. Ideally, 6% of the GDP must be allocated to education, according to experts.
How much of Philippines GDP is spent on education?
Government expenditure on education, total (% of GDP) in Philippines was reported at 3.4 % in 2013, according to the World Bank collection of development indicators, compiled from officially recognized sources.
How much does Mongolia spend on education?
Government expenditure on education, total (% of GDP) in Mongolia was reported at 4.0886 % in 2017, according to the World Bank collection of development indicators, compiled from officially recognized sources.
How much does Colombia spend on education?
With a GDP estimated to be around US $314 billion, Colombia’s government spends 4.4% of this on education (as of 2017). This is higher than most upper-middle income countries; in short, a very big slice of a very big pie.
Which country is #1 in education?
Based on this list, the United Kingdom comes out on top as having the world’s best education system. In second place is the United States, about 70% of graduates go on to a higher education program. In third place is Canada, followed by Germany and France.
What is meant by government spending?
Government spending is spending by the public sector on goods and services such as education, health care and defence. … Spending on public services such as education & health is 22% of GDP.
What education opportunities are in Mongolia?
The Mongolian education system has several components:
- preschool and kindergarten;
- 4 years of primary education, beginning at age 8;
- 4 years of lower secondary education, with compulsory education ending after Grade 8;
- 2 years of upper secondary education;
- postsecondary and higher education; and.