Government expenditure on tertiary education as % of GDP (%) for Hong Kong SAR, China
Indicator Definition:
Total general (local, regional and central) government expenditure on tertiary education (current, capital, and transfers), expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. Divide total government expenditure for a given level of education (ex. primary, secondary, or all levels combined) by the GDP, and multiply by 100. A higher percentage of GDP spent on education shows a higher government priority for education, but also a higher capacity of the government to raise revenues for public spending, in relation to the size of the country's economy. When interpreting this indicator however, one should keep in mind in some countries, the private sector and/or households may fund a higher proportion of total funding for education, thus making government expenditure appear lower than in other countries. Limitations: In some instances data on total public expenditure on education refers only to the Ministry of Education, excluding other ministries which may also spend a part of their budget on educational activities. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/
The indicator "Government expenditure on tertiary education as % of GDP (%)" stands at 1.33 as of 12/31/2019, the highest value since 12/31/2014.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 35.83 percent compared to the value the year prior.
The 1 year change in percent is 35.83.
The 3 year change in percent is 32.49.
The 5 year change in percent is 27.15.
The 10 year change in percent is -33.56.
The Serie's change in percent from it's minimum value, on 12/31/1982, to it's latest available value, on 12/31/2019, is +2,482.34%.
The Serie's change in percent from it's maximum value, on 12/31/2009, to it's latest available value, on 12/31/2019, is -33.56%.
| Measure | Realization |
| Indicator Name: | Government expenditure on tertiary education as % of GDP (%) |
| Indicator Source: | UNESCO Institute for Statistics | macro-rankings.com |
| Indicator Description: | Total general (local, regional and central) government expenditure on tertiary education (current, capital, and transfers), expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. Divide total government expenditure for a given level of education (ex. primary, secondary, or all levels combined) by the GDP, and multiply by 100. A higher percentage of GDP spent on education shows a higher government priority for education, but also a higher capacity of the government to raise revenues for public spending, in relation to the size of the country's economy. When interpreting this indicator however, one should keep in mind in some countries, the private sector and/or households may fund a higher proportion of total funding for education, thus making government expenditure appear lower than in other countries. Limitations: In some instances data on total public expenditure on education refers only to the Ministry of Education, excluding other ministries which may also spend a part of their budget on educational activities. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/ |
| Observations Date: | 12/31/1971 |