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Micronesia, Fed. Sts. — Education spending
Government Education Spending (% of GDP) for Micronesia, Fed. Sts., 1972–2020.
Latest value · 2020
11.56%
Government Education Spending (% of GDP) · % of GDP · -82.7% since 1972
Education spending for Micronesia, Fed. Sts. was 11.56% in 2020, according to the latest World Bank data. The series covers 12 years, from 1972 to 2020. The highest recorded value was 66.90% in 1972. The lowest was 6.42% in 1999 (about 1.8× the low point). Across that span the compound annual growth rate works out to -3.59% per year.
Micronesia, Fed. Sts. ranks 2 of 172 economies on this measure (1 = highest), putting it in the top 1%. The median for East Asia & Pacific is 4.25%, so Micronesia, Fed. Sts. sits above it. It peaked in 1972 and has fallen 83% since. Over the last decade (2012–2020) the figure moved down 1%.
Key figures
Latest (2020)
11.56%
First (1972)
66.90%
Change
-82.7%
Highest
66.90%
in 1972
Lowest
6.42%
in 1999
Average
15.62%
Annual growth (CAGR)
-3.59%
Years of data
12
Recent years
| Year | % of GDP |
|---|---|
| 2020 | 11.56% |
| 2019 | 10.69% |
| 2018 | 9.94% |
| 2017 | 12.68% |
| 2016 | 13.81% |
| 2015 | 12.41% |
| 2014 | 12.23% |
| 2013 | 12.34% |
| 2012 | 11.72% |
| 2000 | 6.71% |
| 1999 | 6.42% |
| 1972 | 66.9% |
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.