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Metadata Glossary
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Global Economic Monitor (GEM) was updated on December 10, 2024
Identification for Development (ID4D) Data was updated on December 5, 2024
International Debt Statistics was updated on December 3, 2024
World Development Indicators was updated on November 13, 2024
Metadata Glossary
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Filtered Results: 10
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Code
NY.ADJ.AEDU.GN.ZS
Indicator Name
Adjusted savings: education expenditure (% of GNI)
Long definition
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment.
Source
World Bank staff estimates using data from the United Nations Statistics Division's Statistical Yearbook, and the UNESCO Institute for Statistics online database.
Topic
Economic Policy & Debt: National accounts: Adjusted savings & income
Periodicity
Annual
Aggregation method
Weighted average
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.
License URL
https://datacatalog.worldbank.org/public-licenses#cc-by
License Type
CC BY-4.0
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