Two years back, we explored global spending on education. Now, on International Education Day 2025, we’re diving into new insights from the International Comparison Program. This data, based on purchasing power parities (PPPs), helps us understand how different currencies and price levels impact education costs worldwide.
Education is a universal right. It plays a crucial role in fighting poverty and promoting good health, gender equality, and stability, aligning with the goals of Sustainable Development Goal 4. Research shows that when governments spend more on education, and do it wisely, enrollment can rise, and outcomes can improve. However, when families bear the financial burden and costs increase, many children end up leaving school.
The latest results from the ICP 2021 cycle, released in May 2024, give us fresh data on education spending globally. This includes contributions from governments, households, and nonprofit organizations. You can explore these findings by region and income level across the 2017 and 2021 research cycles.
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