In 2020, Chile recorded the highest expenditure on higher education as a percentage of its gross domestic product (GDP), allocating 2.7% of its GDP to this sector, with 1.6% sourced from private funding. The United States followed closely, dedicating 2.5% of its GDP to higher education. In contrast, Luxembourg reported significantly lower spending, with only 0.4% of its GDP directed towards higher education.
This data highlights disparities in investment in higher education among various countries, illustrating differing levels of commitment to funding educational institutions and resources.
(Source: Statista)