Bahamas, The — Education spending
Government Education Spending (% of GDP) for Bahamas, The, 2000–2023.
Education spending for Bahamas, The was 2.74% in 2023, according to the latest World Bank data. The series covers 15 years, from 2000 to 2023. The highest recorded value was 3.71% in 2020. The lowest was 2.23% in 2000 (about 1.2× the low point). Across that span the compound annual growth rate works out to 0.90% per year.
Bahamas, The ranks 146 of 172 economies on this measure (1 = highest), putting it in the top 85%. The median for Latin America & Caribbean is 4.27%, so Bahamas, The sits below it. It peaked in 2020 and has fallen 26% since. Over the last decade (2013–2023) the figure moved up 13%. Within Latin America & Caribbean it ranks 34 of 36 economies; Panama (2.47%) is just below it. Its sharpest one-year move was up 41% in 2020. That is 2% above this series' own ten-year average.
Data highlights
Doubling roughly every 78 years at that pace.
World ranking. Climbed: 102nd of 116 in 2000 → 111th of 130 in 2010 → 106th of 157 in 2020 → 82nd of 107 in 2023.
Key figures
Full history — 2000 to 2023
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 2.74% | +0.1 pp |
| 2022 | 2.62% | -0.4 pp |
| 2021 | 3.05% | -0.7 pp |
| 2020 | 3.71% | +1.1 pp |
| 2019 | 2.63% | +0.1 pp |
| 2018 | 2.49% | -0.2 pp |
| 2017 | 2.7% | +0.1 pp |
| 2016 | 2.59% | +0.3 pp |
| 2015 | 2.27% | +0.0 pp |
| 2014 | 2.25% | -0.2 pp |
| 2013 | 2.42% | +0.1 pp |
| 2012 | 2.3% | -0.1 pp |
| 2011 | 2.36% | -0.1 pp |
| 2010 | 2.45% | +0.2 pp |
| 2000 | 2.23% | — |
Frequently asked questions
What was Bahamas, The’s Education spending in 2010?
2.45% (2010). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in % of GDP, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Bahamas, The’s Education spending growing or shrinking?
Between 2000 and 2023 the series was growing overall: +22.8% in total — about 0.9% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator SE.XPD.TOTL.GD.ZS. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2023: 2.74%; 2022: 2.62%; 2021: 3.05%; 2020: 3.71%; 2019: 2.63%. Earlier years are in the full-history table below.
Related data
SE.XPD.TOTL.GD.ZS — Government Education Spending (% of GDP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.