Micronesia - Adjusted savings: education expenditure (% of GNI)

Adjusted savings: education expenditure (% of GNI) in Micronesia was 23.63 as of 2019. Its highest value over the past 49 years was 23.63 in 2019, while its lowest value was 23.63 in 1970.

Definition: Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment.

Source: UNESCO; data are extrapolated to the most recent year available

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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

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts