Mongolia: Education spending, percent of GDP
* indicates monthly or quarterly data series
Mongolia |
Public spending on education, percent of GDP |
---|---|
Latest value | 4.26 |
Year | 2022 |
Measure | percent |
Data availability | 1997 - 2022 |
Average | 4.83 |
Min - Max | 3.34 - 7.21 |
Source | UNESCO |
The latest value from 2022 is 4.26 percent, an increase from 3.34 percent in 2021. In comparison, the world average is 3.80 percent, based on data from 83 countries. Historically, the average for Mongolia from 1997 to 2022 is 4.83 percent. The minimum value, 3.34 percent, was reached in 2021 while the maximum of 7.21 percent was recorded in 2002.
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Definition: General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
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