Education Spending: Peru
Peru's education spending is currently 4.358 % of GDP as of 2024. # Peru Education Spending Peru allocated 4.
Current (2024)
4.358 % of GDP
+2.7% y/y
Peak (2024)
4.358 % of GDP
Low (2007)
2.629 % of GDP
Source
World Bank World Development Indicators
1973–2024 · 29 pts
Education Spending — Peru
1973 — 2024
Education Spending — Peru
Analysis# Peru Education Spending
Peru allocated 4.358% of its GDP to education in 2024, marking its highest investment level since records began in 1973. The current figure represents a 28.5% increase over the past 51 years, though Peru's spending path has been uneven. The country's education investment reached its lowest point at 2.629% of GDP in 2007, meaning current spending more than recovered from that trough.
Recent years show Peru recommitting to education funding. Between 2015 and 2019, spending hovered between 3.7% and 4.0% of GDP, then surged to 4.259% in 2020 during the pandemic. After a dip to 3.84% in 2022, spending climbed back to 4.245% in 2023 before hitting the record 4.358% in 2024. This upward momentum suggests Peru is prioritizing educational investment going forward.
Historical Data
29 Rows| Year | Value | Change % |
|---|---|---|
| 2024 | 4.358 % of GDP | +2.66% |
| 2023 | 4.245 % of GDP | +10.55% |
| 2022 | 3.84 % of GDP | -2.24% |
| 2021 | 3.928 % of GDP | -7.77% |
| 2020 | 4.259 % of GDP | +11.43% |
| 2019 | 3.822 % of GDP | +2.91% |
| 2018 | 3.714 % of GDP | -5.52% |
| 2017 | 3.931 % of GDP | +3.09% |
| 2016 | 3.813 % of GDP | -3.93% |
| 2015 | 3.969 % of GDP | +7.39% |
| 2014 | 3.696 % of GDP | +12.10% |
| 2013 | 3.297 % of GDP | +12.80% |
| 2012 | 2.923 % of GDP | +9.72% |
| 2011 | 2.664 % of GDP | -7.08% |
| 2010 | 2.867 % of GDP | -8.69% |
| 2009 | 3.14 % of GDP | +9.48% |
| 2008 | 2.868 % of GDP | +9.09% |
| 2007 | 2.629 % of GDP | -0.90% |
| 2006 | 2.653 % of GDP | -6.55% |
| 2005 | 2.839 % of GDP | -4.02% |
Show all 29 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 2.958 % of GDP | +0.68% |
| 2003 | 2.938 % of GDP | +4.15% |
| 2002 | 2.821 % of GDP | -7.11% |
| 2001 | 3.037 % of GDP | -5.92% |
| 2000 | 3.228 % of GDP | -6.19% |
| 1999 | 3.441 % of GDP | +4.97% |
| 1998 | 3.278 % of GDP | +5.10% |
| 1996 | 3.119 % of GDP | -8.05% |
| 1973 | 3.392 % of GDP | — |
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