Adjusted savings: education expenditure (% of GNI)
Definition: Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment.
Description: The map below shows how Adjusted savings: education expenditure (% of GNI) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Cuba, with a value of 13.01. The country with the lowest value in the world is New Caledonia, with a value of 0.54.
Source: UNESCO; data are extrapolated to the most recent year available
Limitations and Exceptions: Public education expenditures are considered an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries.
Aggregation method: Weighted average