Education Spending: Cayman Islands
Cayman Islands's education spending is currently 1.57 % of GDP as of 2023. # Cayman Islands Education Spending The Cayman Islands allocated 1.
Current (2023)
1.57 % of GDP
+5.4% y/y
Peak (2018)
2.164 % of GDP
Low (2019)
1.137 % of GDP
Source
World Bank World Development Indicators
2018–2023 · 6 pts
Education Spending — Cayman Islands
2018 — 2023
Education Spending — Cayman Islands
Analysis# Cayman Islands Education Spending
The Cayman Islands allocated 1.57% of GDP to education in 2023, down substantially from its 2018 peak of 2.164%. This represents a 27.4% decline over five years, placing current spending between the all-time low of 1.137% (2019) and historical highs. The downward trajectory reflects a significant reduction in educational investment relative to economic output during this period.
A sharp contraction occurred in 2019, when spending dropped to its lowest recorded level at 1.137%. Since then, modest recovery has taken hold, with spending climbing from 2020 onward and reaching 1.57% by 2023. While this upward movement suggests renewed commitment to education funding, levels remain well below 2018 levels, indicating that spending has not returned to pre-decline benchmarks despite recent gains.
Historical Data
6 Rows| Year | Value | Change % |
|---|---|---|
| 2023 | 1.57 % of GDP | +5.44% |
| 2022 | 1.489 % of GDP | +13.40% |
| 2021 | 1.313 % of GDP | -9.76% |
| 2020 | 1.455 % of GDP | +27.97% |
| 2019 | 1.137 % of GDP | -47.46% |
| 2018 | 2.164 % of GDP | — |
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