Education Spending: Saint Vincent and the Grenadines
Saint Vincent and the Grenadines's education spending is currently 6.458 % of GDP as of 2023. # Saint Vincent and the Grenadines Education Spending Saint Vincent and the Grenadines allocated 6.
Current (2023)
6.458 % of GDP
-8.7% y/y
Peak (2003)
8.175 % of GDP
Low (1998)
4.033 % of GDP
Source
World Bank World Development Indicators
1986–2023 · 19 pts
Education Spending — Saint Vincent and the Grenadines
1986 — 2023
Education Spending — Saint Vincent and the Grenadines
Analysis# Saint Vincent and the Grenadines Education Spending
Saint Vincent and the Grenadines allocated 6.458% of GDP to education in 2023, representing a moderate commitment to the sector. This figure sits well below the nation's all-time peak of 8.175% in 2003 but remains substantially above the low of 4.033% recorded in 1998. Over the 37-year span from 1986 to 2023, education spending has grown 45.8%, demonstrating a long-term upward trajectory despite considerable fluctuation.
Recent years reveal notable volatility, with spending dipping to 4.808% in 2010 before climbing significantly to 7.076% in 2022—the highest level in two decades. The 2023 decline to 6.458% suggests a pullback from that recent surge. The overall pattern indicates Saint Vincent and the Grenadines has prioritized education investment substantially more than in the 1990s, though current spending remains below early 2000s levels, leaving room for further increases to match historical commitments.
Historical Data
19 Rows| Year | Value | Change % |
|---|---|---|
| 2023 | 6.458 % of GDP | -8.73% |
| 2022 | 7.076 % of GDP | +29.50% |
| 2020 | 5.464 % of GDP | +4.59% |
| 2018 | 5.224 % of GDP | -2.90% |
| 2017 | 5.38 % of GDP | -1.34% |
| 2016 | 5.453 % of GDP | +10.03% |
| 2015 | 4.956 % of GDP | +3.08% |
| 2010 | 4.808 % of GDP | -10.57% |
| 2009 | 5.376 % of GDP | -1.16% |
| 2007 | 5.439 % of GDP | -9.82% |
| 2005 | 6.031 % of GDP | -26.23% |
| 2003 | 8.175 % of GDP | +10.65% |
| 2002 | 7.388 % of GDP | +0.82% |
| 2000 | 7.328 % of GDP | +27.38% |
| 1999 | 5.753 % of GDP | +42.65% |
| 1998 | 4.033 % of GDP | -17.25% |
| 1991 | 4.874 % of GDP | +9.06% |
| 1989 | 4.469 % of GDP | +0.90% |
| 1986 | 4.429 % of GDP | — |
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