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World Development Indicators was updated on February 21, 2024
Quarterly Public Sector Debt was updated on February 14, 2024
ASPIRE - The Atlas of Social Protection: Indicators of Resilience and Equity was updated on February 13, 2024
Quarterly External Debt Statistics GDDS was updated on February 5, 2024
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Adjusted savings: education expenditure (% of GNI)
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment.
World Bank staff estimates using data from the United Nations Statistics Division's Statistical Yearbook, and the UNESCO Institute for Statistics online database.
Economic Policy & Debt: National accounts: Adjusted savings & income
Limitations and exceptions
Public education expenditures are considered an addition to savings. However, because of the wide variability in the effectiveness of public education expenditures, these figures cannot be construed as the value of investments in human capital. A current expenditure of $1 on education does not necessarily yield $1 of human capital. The calculation should also consider private education expenditure, but data are not available for a large number of countries.
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