Monaco — Education spending
Government Education Spending (% of GDP) for Monaco, 1988–2023.
Education spending for Monaco was 1.73% in 2023, according to the latest World Bank data. The series covers 22 years, from 1988 to 2023. The highest recorded value was 1.78% in 2012. The lowest was 0.88% in 1988 (about 2.0× the low point). Across that span the compound annual growth rate works out to 1.95% per year.
Monaco ranks 166 of 172 economies on this measure (1 = highest), putting it in the top 97%. The median for Europe & Central Asia is 4.59%, so Monaco sits below it. It peaked in 2012 and has fallen 3% since. Over the last decade (2013–2023) the figure moved up 30%. Within Europe & Central Asia it ranks 45 of 45 economies; Andorra (1.90%) is just above it. Its sharpest one-year move was up 48% in 2023. That is 30% above this series' own ten-year average.
Data highlights
From its 1988 level: doubled by 2012. Doubling roughly every 36 years at that pace.
World ranking. Slipped: 52nd of 53 in 1988 → 115th of 116 in 2000 → 127th of 130 in 2010 → 101st of 107 in 2023.
Key figures
Full history — 1988 to 2023
| Year | % of GDP | Change |
|---|---|---|
| 2023 | 1.73% | +0.6 pp |
| 2022 | 1.17% | -0.2 pp |
| 2021 | 1.42% | +0.3 pp |
| 2019 | 1.16% | -0.3 pp |
| 2017 | 1.46% | +0.1 pp |
| 2016 | 1.37% | +0.3 pp |
| 2014 | 1.02% | -0.3 pp |
| 2013 | 1.33% | -0.4 pp |
| 2012 | 1.78% | +0.2 pp |
| 2011 | 1.59% | +0.3 pp |
| 2010 | 1.32% | -0.0 pp |
| 2009 | 1.35% | +0.1 pp |
| 2004 | 1.27% | +0.0 pp |
| 2000 | 1.26% | +0.1 pp |
| 1999 | 1.2% | -0.0 pp |
| 1998 | 1.21% | -0.0 pp |
| 1997 | 1.21% | +0.1 pp |
| 1996 | 1.08% | +0.0 pp |
| 1995 | 1.06% | +0.2 pp |
| 1992 | 0.91% | -0.0 pp |
| 1989 | 0.96% | +0.1 pp |
| 1988 | 0.88% | — |
Frequently asked questions
What was Monaco’s Education spending in 1989?
0.96% (1989). 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 Monaco’s Education spending growing or shrinking?
Between 1988 and 2023 the series was growing overall: +96.6% in total — about 2.0% 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: 1.73%; 2022: 1.17%; 2021: 1.42%; 2019: 1.16%; 2017: 1.46%. 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.