KEYWORDS TODAY:   KTBKristalina GeorgievaMalaysia Airlines Crash in Eastern Ukraine

HOT: » CorpBank majority shareholder Tzvetan Vasilev comments on latest developments at the bank in an exclusive interview with Novinite

Bulgaria Last But One in EU by Education Spending as Ratio to GDP

Society » EDUCATION | April 4, 2014, Friday // 12:17| Views: 1504 | Comments: 1
  • Send to Kindle
Bulgaria: Bulgaria Last But One in EU by Education Spending as Ratio to GDP Photo by EPA/BGNES

Bulgaria is last but one in the EU by government expenditure on education as a share of the GDP, according to Eurostat data for 2012.

In 2012, EU-27 total general government expenditure amounted to 49.4  % of GDP. Based on the latest available expenditure data by economic function for 2012, 5.3  % of GDP was devoted to expenditure on education. Of this, the highest shares were dedicated to 'secondary education' at 1.9  % of GDP and 'pre-primary and primary education' at 1.7  % of GDP.

As a ratio to GDP, the highest levels of government expenditure on education among the reporting countries in 2012 were found in Denmark (7.9  % of GDP), Sweden (6.8  % of GDP) and Cyprus (6.7  % of GDP), while the lowest ratios were recorded in Romania (3.0  % of GDP), Bulgaria (3.5  % of GDP) and Slovakia (3.9  % of GDP). As far as EFTA countries are concerned, the highest value was recorded in Iceland (8.0  % of GDP).

General government expenditure on education amounted to around EUR 680 billion in 2012 in the EU-27, or 5.3  % of GDP.

In 2012, education had the highest weight in total government expenditure in Estonia (16.2  % of total expenditure), followed by Lithuania (15.5  %) and Latvia (15.0  %).

The lowest weights of general government expenditure on education in total general government expenditure were recorded in Greece (7.7 % of total expenditure), Italy and Romania (both 8.2  % of total expenditure).

As a ratio to GDP, government expenditure on education in Bulgaria has been decreasing since 2009, the year when the crisis was most tangible in the country. In 2009, government spending on education reached 4.32% of the GDP, falling to 3.79% in 2010, and to 3.63% in 2011.

The downward trend was noticeable in the entire EU, with government spending on education falling from 5.55% to 5.26%.

In Bulgaria, the weight of general government expenditure on education in total general government expenditure amounted to around 10% in the past few years compared to an average of 10.6% in the EU.

Education » Be a reporter: Write and send your article
Tags: education, eurostat, GDP
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (1)
#1
madoods - 5 Apr 2014 // 12:41:30

Compared to other EU countries, the children here seem to have far more holidays and spend much less time at school in lessons - not counting after school activities

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria