Household consumption expenditure on education per household in Canada attained a value of $1,209 in 2021. It recorded a growth of 5.3% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on education per household in Canada increased by 21.3%. The indicator in Canada was highest in the year 2019 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, the 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.
The expenditure on education as a % of GDP in Canada was 11.4% in 2020, an increase of 10.7% from the previous year. Between 2010-2020, the expenditure on education as a % of GDP in Canada grew by 63.5%. In 2020, Canada spent more than $188 billion on education, with private education expenditure of $40 billion and public education expenditure of $148 billion.
Education plays a crucial role in poverty reduction. Education spending helps in promoting economic growth and boosts the GDP of a country. It aids in reducing infant mortality rate, increases human life expectancy, and reduces drop-out rates from schools and colleges.
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