Latin America & Caribbean (IDA & IBRD): Current education expenditure, tertiary (% of total expenditure in tertiary public institutions)

Key figures

Over five years it is down 0.63 percentage points from 95.31% in 2018. Since 2002 it is up 0.42 percentage points from 94.26% in 2002. The World Bank has no value for 12 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

From 2016 to 2023 there is no clear straight-line trend: a straight line explains 3% of the movement over 8 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

What this measures

Current expenditure is expressed as a percentage of direct expenditure in public educational institutions (instructional and non-instructional) of the specified level of education. Financial aid to students and other transfers are excluded from direct expenditure. Current expenditure is consumed within the current year and would have to be renewed if needed in the following year. It includes staff compensation and current expenditure other than for staff compensation (ex. on teaching materials, ancillary services and administration).

Limitations: The indicator depends on comprehensive and accurate data regarding government expenditure by type and nature of spending. In some cases, data on total government expenditure on education only includes the Ministry of Education, excluding other ministries that may also allocate part of their budget to educational services.

Regional and income-group figures are computed by the World Bank as a median.

All 10 values

Current education expenditure, tertiary (% of total expenditure in tertiary public institutions) in nearby economies

• Iran, Islamic Rep. — 91.7% (2022)
• Israel — 82.62% (2022)
• Malta — 75.74% (2022)

More education data for Latin America & Caribbean (IDA & IBRD)

• Primary education, duration (years) — 6 (2025)
• Secondary education, duration (years) — 6 (2025)
• Primary education, pupils — 60.53 million (2024)
• Primary education, teachers — 3.22 million (2024)
• Primary education, teachers (% female) — 77.6% (2024)
• Secondary education, pupils — 62.34 million (2024)
• Secondary education, teachers — 4.25 million (2024)
• Secondary education, teachers, female — 2.56 million (2024)

Reading data like this

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Questions people ask

What is Latin America & Caribbean (IDA & IBRD)'s current education expenditure, tertiary (% of total expenditure in tertiary public institutions)?

94.68% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 0.42 percentage points from 94.26% in 2002. The highest value was 96.08% in 2022 and the lowest 91.85% in 2012.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Data API, UN Educational, Scientific and Cultural Organization (UNESCO), uri: https://databrowser.uis.unesco.org/resources, note: The data are obtained through the UIS API..

Source

World Bank, World Development Indicators, indicator SE.XPD.CTER.ZS, licensed CC BY 4.0. Original source: Data API, UN Educational, Scientific and Cultural Organization (UNESCO), uri: https://databrowser.uis.unesco.org/resources, note: The data are obtained through the UIS API. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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