Turks and Caicos Islands — Education spending
Government Education Spending (% of GDP) for Turks and Caicos Islands, 2000–2024.
Education spending for Turks and Caicos Islands was 2.95% in 2024, according to the latest World Bank data. The series covers 19 years, from 2000 to 2024. The highest recorded value was 5.07% in 2002. The lowest was 2.12% in 2019 (about 1.4× the low point). Across that span the compound annual growth rate works out to -1.94% per year.
Turks and Caicos Islands ranks 135 of 172 economies on this measure (1 = highest), putting it in the top 78%. The median for Latin America & Caribbean is 4.27%, so Turks and Caicos Islands sits below it. It peaked in 2002 and has fallen 42% since. Over the last decade (2014–2024) the figure moved up 7%. Within Latin America & Caribbean it ranks 32 of 36 economies; Nicaragua (2.87%) is just below it. Its sharpest one-year move was down 46% in 2005. That is 7% above this series' own ten-year average.
Data highlights
World ranking. Climbed: 41st of 116 in 2000 → 140th of 157 in 2020 → 35th of 39 in 2024.
Key figures
Full history — 2000 to 2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 2.95% | +0.3 pp |
| 2023 | 2.69% | -0.1 pp |
| 2022 | 2.78% | -0.5 pp |
| 2021 | 3.28% | +0.8 pp |
| 2020 | 2.46% | +0.3 pp |
| 2019 | 2.12% | -0.6 pp |
| 2018 | 2.74% | +0.3 pp |
| 2017 | 2.47% | -0.4 pp |
| 2016 | 2.91% | -0.2 pp |
| 2015 | 3.09% | +0.3 pp |
| 2014 | 2.75% | -0.1 pp |
| 2013 | 2.8% | +0.1 pp |
| 2012 | 2.7% | -0.5 pp |
| 2011 | 3.17% | +0.6 pp |
| 2005 | 2.54% | -2.2 pp |
| 2003 | 4.73% | -0.3 pp |
| 2002 | 5.07% | +0.2 pp |
| 2001 | 4.84% | +0.1 pp |
| 2000 | 4.72% | — |
Frequently asked questions
What was Turks and Caicos Islands’s Education spending in 2001?
4.84% (2001). 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 Turks and Caicos Islands’s Education spending growing or shrinking?
Between 2000 and 2024 the series was shrinking overall: -37.5% in total — about 1.9% 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: 2024: 2.95%; 2023: 2.69%; 2022: 2.78%; 2021: 3.28%; 2020: 2.46%. 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.