Household consumption expenditure on education per household in Singapore attained a value of $3,547 in 2021. It recorded a growth of 7.8% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on education per household in Singapore increased by 49%. The indicator in Singapore 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.
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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