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Metadata Glossary

CodeNY.ADJ.AEDU.GN.ZS
Indicator NameAdjusted savings: education expenditure (% of GNI)
Long definitionEducation expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment.
SourceWorld Bank staff estimates using data from the United Nations Statistics Division's Statistical Yearbook, and the UNESCO Institute for Statistics online database.
TopicEconomic Policy & Debt: National accounts: Adjusted savings & income
PeriodicityAnnual
Aggregation methodWeighted average
Limitations and exceptionsPublic 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.
License URLhttps://datacatalog.worldbank.org/public-licenses#cc-by
License TypeCC BY-4.0
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