In 2023, Kiribati took the lead in global educational investment by allocating 16.4% of its budget

Key Takeaways:

  • In 2023, Kiribati spent the largest % of its GDP on education, amounting to 16.39%.
  • Kiribati, Tuvalu, and Vanuatu each allocated over 10% of their GDP to education.
  • Bolivia and the Solomon Islands each directed around 8.3% of their GDP spending towards education.
  • The top ten countries dedicated approximately 6.6% to 16.4% of their GDP to education.

In 2023, various nations allocated a considerable portion of their GDP to education, highlighting their commitment to the intellectual growth of their populations. Kiribati stands out as the global leader with an impressive 16.39% of its GDP invested in education. Tuvalu (15.79%) and Vanuatu (10.64%) also show a strong commitment, ranking second and third in GDP investment for education.

Bolivia, Solomon Islands, and Montserrat invested around 7-9% of their GDP into education, while Kyrgyzstan, Iceland, Tunisia, and Moldova also made significant contributions, dedicating between 6.6% and 6.8% of their GDP towards education.

Source:

UNESCO Institute for Statistics (UIS)

Period:

2023
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