Household consumption expenditure on education in Italy attained a value of $9.83 billion in 2020. It recorded a decline of 9.2% in 2020 compared to the previous year. Between 2010-2020, the household consumption expenditure on education in Italy decreased by 24.1%. The indicator in Italy was highest in the year 2011 and lowest in the year 2020, between 2010 and 2020.
This indicator refers to household consumption expenditure on education. Education includes expenses on educational goods, schools, colleges, and other vocational educational services. Data is primarily sourced from household budget surveys, consumer expenditure, and national accounts datasets, hence there may be definitional or methodological differences between countries.
According to GlobalData, the countries with the highest household consumption expenditure on education in 2020 were the United States, Australia, Germany, Canada, Spain, Mexico, Italy, Colombia, France, and Hong Kong.
Montenegro, Estonia, Iceland, Malta, Lithuania, Bosnia and Herzegovina, Luxembourg, Slovenia, Croatia, and Mongolia are the countries with the lowest household consumption expenditure on education in 2020.
Between 2010 and 2021, Mongolia, Bulgaria, Singapore, Namibia, Austria, Thailand, Iceland, Azerbaijan, Australia, and Hungary were some of the countries with the highest growth in household consumption expenditure on education. Romania, Greece, Italy, the Czech Republic, Portugal, Norway, Ukraine, Estonia, Turkey, and Mexico are the countries with the lowest growth in household consumption expenditure on education.
The expenditure on education as a % of GDP in Italy was 5.3% in 2020, an increase of 5.9% from the previous year. Between 2010-2020, the expenditure on education as a % of GDP in Italy grew by 10.9%. In 2020, Italy spent more than $100 billion on education, with private education expenditure of $14 billion and public education expenditure of $86 billion.
The fight against poverty depends heavily on education. Spending on education contributes to economic growth and raises a nation's GDP. It contributes to lowering neonatal mortality, raising the average lifespan, and lowering school and college dropout rates.
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