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Venezuela, RB — Education spending
Government Education Spending (% of GDP) for Venezuela, RB, 1970–2009.
Latest value · 2009
6.87%
Government Education Spending (% of GDP) · % of GDP · +65.1% since 1970
Education spending for Venezuela, RB was 6.87% in 2009, according to the latest World Bank data. The series covers 20 years, from 1970 to 2009. The latest year is also the highest value on record for this series. The lowest was 2.45% in 1990 (about 2.8× the low point). Across that span the compound annual growth rate works out to 1.29% per year.
Venezuela, RB ranks 12 of 172 economies on this measure (1 = highest), putting it in the top 7%. The median for Latin America & Caribbean is 4.27%, so Venezuela, RB sits above it.
Key figures
Latest (2009)
6.87%
First (1970)
4.16%
Change
+65.1%
Highest
6.87%
in 2009
Lowest
2.45%
in 1990
Average
4.48%
Annual growth (CAGR)
1.29%
Years of data
20
Recent years
| Year | % of GDP |
|---|---|
| 2009 | 6.87% |
| 2007 | 3.63% |
| 2006 | 3.67% |
| 1994 | 5.01% |
| 1993 | 3.82% |
| 1992 | 4.31% |
| 1990 | 2.45% |
| 1988 | 3.63% |
| 1987 | 3.93% |
| 1984 | 4.06% |
| 1983 | 6.06% |
| 1982 | 5.01% |
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.