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Barbados — Education spending
Government Education Spending (% of GDP) for Barbados, 1971–2024.
Latest value · 2024
3.56%
Government Education Spending (% of GDP) · % of GDP · -42.2% since 1971
Education spending for Barbados was 3.56% in 2024, according to the latest World Bank data. The series covers 31 years, from 1971 to 2024. The highest recorded value was 7.52% in 1974. Across that span the compound annual growth rate works out to -1.03% per year.
Barbados ranks 113 of 172 economies on this measure (1 = highest), putting it in the top 66%. The median for Latin America & Caribbean is 4.27%, so Barbados sits below it. It peaked in 1974 and has fallen 53% since. Over the last decade (2014–2024) the figure moved down 34%.
Key figures
Latest (2024)
3.56%
First (1971)
6.15%
Change
-42.2%
Highest
7.52%
in 1974
Lowest
3.56%
in 2024
Average
5.27%
Annual growth (CAGR)
-1.03%
Years of data
31
Recent years
| Year | % of GDP |
|---|---|
| 2024 | 3.56% |
| 2023 | 3.78% |
| 2022 | 4.14% |
| 2021 | 4.5% |
| 2020 | 3.87% |
| 2019 | 3.72% |
| 2018 | 5.4% |
| 2017 | 3.96% |
| 2016 | 4.2% |
| 2015 | 5.16% |
| 2014 | 5.36% |
| 2013 | 4.5% |
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.