Household consumption expenditure on education per household in Australia attained a value of $4,311 in 2021. It recorded a growth of 10.1% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on education per household in Australia increased by 32.5%. The indicator in Australia was highest in the year 2021 and lowest in the year 2010, between 2010 and 2021.
This indicator refers to consumption expenditure on education, per household. Data includes expenditures incurred by resident households on education which includes expenses on educational goods, schools, colleges, and other vocational educational services.
According to GlobalData, the countries with the highest household consumption expenditure on education per household in 2020 were Australia, Singapore, Hong Kong, the United States, Israel, Cyprus, Ireland, Canada, Luxembourg, and Iceland.
Ukraine, Estonia, Czech Republic, Thailand, Sweden, Lithuania, Bulgaria, Serbia, Bosnia and Herzegovina, and Belgium were some of the countries with the lowest household consumption expenditure on education per household in 2020.
Between 2010 and 2020, Bulgaria, Singapore, Hungary, Austria, Iceland, Lithuania, Australia, Serbia, Thailand, and Canada were some of the countries with the highest growth in household consumption expenditure on Education per household. Romania, Greece, the Czech Republic, Italy, Turkey, Mexico, Poland, Norway, Portugal, and Colombia are the countries with the lowest growth in household consumption expenditure on Education per household.
Household consumption expenditure on education in Australia attained a value of $42.9 billion in 2021. It recorded a growth of 11.8% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on education in Australia increased by 58%. The indicator in Australia was highest in the year 2021 and lowest in the year 2010, between 2018 and 2021.
The fight against poverty depends heavily on Education per household. Spending on Education per household 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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