Education spending in Barbados

Barbados: Education spending was 3.56 in 2024. ▼ Falling

Latest (2024)
3.56
Change on year
down 5.8%
World rank
124th
of 199 countries
All-time high
7.52
in 1974
All-time low
3.56
in 2024
Years of data
31
1971–2024

Education spending in Barbados, 1971–2024

024681971199720241971: 6.21972: 6.81973: 6.71974: 7.51976: 5.91977: 6.51991: 6.61999: 4.32000: 4.72001: 6.12002: 5.92003: 6.22004: 62005: 5.72007: 5.22008: 4.92009: 5.12010: 6.12012: 4.62013: 4.52014: 5.42015: 5.22016: 4.22017: 42018: 5.42019: 3.72020: 3.92021: 4.52022: 4.12023: 3.82024: 3.6

Source: Our World in Data.

Analysis

The most recent figure for education spending in Barbados is 3.56, measured in 2024. That is the lowest value across all 31 years on record.

That represents a change of down 5.8% on the previous year and down 33.7% over ten years.

Over the whole period, education spending in Barbados peaked at 7.52 in 1974 and was at its lowest, 3.56, in 2024.

Barbados ranks 124th of 199 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 31 years of available data.

Education spending in Barbados, year by year

Annual values for Education spending in Barbados, 1971 to 2024.
Year Value Change
1971 6.15 —
1972 6.79 +10.4%
1973 6.72 -1.0%
1974 7.52 +11.9%
1976 5.94 -21.0%
1977 6.52 +9.6%
1991 6.64 +1.9%
1999 4.34 -34.6%
2000 4.72 +8.6%
2001 6.06 +28.4%
2002 5.88 -2.9%
2003 6.25 +6.2%
2004 6.02 -3.5%
2005 5.67 -5.9%
2007 5.22 -7.9%
2008 4.92 -5.7%
2009 5.11 +3.9%
2010 6.05 +18.4%
2012 4.59 -24.2%
2013 4.5 -1.9%
2014 5.36 +19.0%
2015 5.16 -3.7%
2016 4.2 -18.7%
2017 3.96 -5.7%
2018 5.4 +36.6%
2019 3.72 -31.1%
2020 3.87 +3.8%
2021 4.5 +16.4%
2022 4.14 -8.0%
2023 3.78 -8.8%
2024 3.56 -5.8%

Barbados compared with similar countries

  • Barbados's 3.56 is below the median for high income countries, which is 4.4, 81% of the median. (72 countries reporting)
  • Barbados's 3.56 is below the median for Latin America & Caribbean, which is 4.06, 88% of the median. (39 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 6.61 5.94 7.52 6
1990s 5.49 4.34 6.64 2
2000s 5.54 4.72 6.25 9
2010s 4.77 3.72 6.05 9
2020s 3.97 3.56 4.5 5

Countries ranked near Barbados

  1. 121 Azerbaijan 3.66 compare
  2. 122 Aruba 3.62 compare
  3. 123 Cote d'Ivoire 3.61 compare
  4. 125 Paraguay 3.53 compare
  5. 126 Malaysia 3.51 compare
  6. 127 Macao 3.5 compare

See the full ranking of 199 places →

More education data for Barbados

All data for Barbados →

Frequently asked questions

What is education spending in Barbados?
Education spending in Barbados was 3.56 in 2024, according to Our World in Data.
What is the highest education spending recorded in Barbados?
The highest recorded value was 7.52 in 1974.
What is the lowest education spending recorded in Barbados?
The lowest recorded value was 3.56 in 2024.
How does Barbados rank for education spending?
Barbados ranks 124th out of 199 countries with data for 2024.
Is education spending rising or falling in Barbados?
Over the last ten years it is down 33.7%. The long-run trend across the full record is falling.
Where does this Barbados data come from?
The figures come from Our World in Data, published as part of Education spending. Statizoid updates them automatically from the source API.

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Education spending in Barbados. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://education.statizoid.com/stat/education-spending/barbados/

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About this data

Indicator
Education spending
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
199 places, 5,187 data points, 1870–2025
Last refreshed