Venezuela, RB — Education spending
Government Education Spending (% of GDP) for Venezuela, RB, 1970–2009.
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. Within Latin America & Caribbean it ranks 3 of 36 economies; St. Vincent and the Grenadines (6.46%) is just below it. Its sharpest one-year move was up 90% in 2009.
Data highlights
Doubling roughly every 54 years at that pace.
World ranking. Climbed: 13th of 31 in 1970 → 28th of 63 in 1980 → 38th of 50 in 1990 → 12th of 112 in 2009.
Key figures
Full history — 1970 to 2009
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 6.87% | +3.2 pp |
| 2007 | 3.63% | -0.0 pp |
| 2006 | 3.67% | -1.3 pp |
| 1994 | 5.01% | +1.2 pp |
| 1993 | 3.82% | -0.5 pp |
| 1992 | 4.31% | +1.9 pp |
| 1990 | 2.45% | -1.2 pp |
| 1988 | 3.63% | -0.3 pp |
| 1987 | 3.93% | -0.1 pp |
| 1984 | 4.06% | -2.0 pp |
| 1983 | 6.06% | +1.1 pp |
| 1982 | 5.01% | -0.2 pp |
| 1981 | 5.19% | +0.8 pp |
| 1980 | 4.4% | -0.9 pp |
| 1977 | 5.26% | +0.1 pp |
| 1975 | 5.2% | +1.3 pp |
| 1974 | 3.95% | -0.9 pp |
| 1972 | 4.84% | +0.7 pp |
| 1971 | 4.18% | +0.0 pp |
| 1970 | 4.16% | — |
Frequently asked questions
What was Venezuela, RB’s Education spending in 1971?
4.18% (1971). 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 Venezuela, RB’s Education spending growing or shrinking?
Between 1970 and 2009 the series was growing overall: +65.1% in total — about 1.3% 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: 2009: 6.87%; 2007: 3.63%; 2006: 3.67%; 1994: 5.01%; 1993: 3.82%. 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.