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Bahamas, The — Education spending
Government Education Spending (% of GDP) for Bahamas, The, 2000–2023.
Latest value · 2023
2.74%
Government Education Spending (% of GDP) · % of GDP · +22.8% since 2000
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%.
Key figures
Latest (2023)
2.74%
First (2000)
2.23%
Change
+22.8%
Highest
3.71%
in 2020
Lowest
2.23%
in 2000
Average
2.59%
Annual growth (CAGR)
0.90%
Years of data
15
Recent years
| Year | % of GDP |
|---|---|
| 2023 | 2.74% |
| 2022 | 2.62% |
| 2021 | 3.05% |
| 2020 | 3.71% |
| 2019 | 2.63% |
| 2018 | 2.49% |
| 2017 | 2.7% |
| 2016 | 2.59% |
| 2015 | 2.27% |
| 2014 | 2.25% |
| 2013 | 2.42% |
| 2012 | 2.3% |
Reading this correctly. Total general government expenditure on education, expressed as a percentage of GDP. Includes both current and capital spending. Figures are in % of GDP. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.