Education Spending: Bahamas, The
Bahamas, The's education spending is currently 2.742 % of GDP as of 2023. # Bahamas, The Education Spending The Bahamas allocated 2.
Current (2023)
2.742 % of GDP
+4.5% y/y
Peak (2020)
3.713 % of GDP
Low (2000)
2.233 % of GDP
Source
World Bank World Development Indicators
2000–2023 · 15 pts
Education Spending — Bahamas, The
2000 — 2023
Education Spending — Bahamas, The
Analysis# Bahamas, The Education Spending
The Bahamas allocated 2.742% of its GDP to education in 2023, representing a modest recovery from recent years but still below its all-time peak of 3.713% in 2020. Since 2000, education spending has grown 22.8% overall, rising from a low of 2.233% that year. The current level sits near the midpoint of the country's two-decade range, suggesting moderate but inconsistent prioritization of education funding.
The most striking feature is the 2020 spike to 3.713%, likely reflecting pandemic-related education investments, followed by a sharp decline to 3.049% in 2021. Spending has remained volatile since, fluctuating between 2.493% and 2.742% through 2023. The recent uptick from 2.624% in 2022 to 2.742% in 2023 suggests a potential stabilization, though whether this marks a sustained commitment or temporary adjustment remains unclear.
Historical Data
15 Rows| Year | Value | Change % |
|---|---|---|
| 2023 | 2.742 % of GDP | +4.50% |
| 2022 | 2.624 % of GDP | -13.94% |
| 2021 | 3.049 % of GDP | -17.88% |
| 2020 | 3.713 % of GDP | +41.39% |
| 2019 | 2.626 % of GDP | +5.33% |
| 2018 | 2.493 % of GDP | -7.50% |
| 2017 | 2.695 % of GDP | +4.13% |
| 2016 | 2.588 % of GDP | +13.91% |
| 2015 | 2.272 % of GDP | +1.11% |
| 2014 | 2.247 % of GDP | -7.30% |
| 2013 | 2.424 % of GDP | +5.21% |
| 2012 | 2.304 % of GDP | -2.21% |
| 2011 | 2.356 % of GDP | -3.92% |
| 2010 | 2.452 % of GDP | +9.81% |
| 2000 | 2.233 % of GDP | — |
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