Government expenditure on tertiary education as a percentage of GDP in Barbados

Barbados: Government expenditure on tertiary education as a percentage of GDP was 1.27 in 2023. ▲ Rising

Latest (2023)
1.27
Change on year
down 13.5%
World rank
6th
of 31 countries
All-time high
2.4
in 2014
All-time low
0.811
in 1971
Years of data
30
1971–2023

Government expenditure on tertiary education as a percentage of GDP in Barbados, 1971–2023

11.522.51971199720231971: 0.8111972: 0.8741973: 0.8751974: 0.9641976: 1.21977: 1.51991: 1.31999: 1.42000: 1.32001: 1.82002: 1.82003: 1.82004: 1.92005: 1.82007: 1.62008: 1.52009: 1.52010: 22012: 1.62013: 1.92014: 2.42015: 1.32016: 1.52017: 1.22018: 1.42019: 1.22020: 1.42021: 1.72022: 1.52023: 1.3

Source: UNICEF.

Analysis

In 2023, government expenditure on tertiary education as a percentage of gdp in Barbados stood at 1.27.

Compared with earlier readings it is down 13.5% on the previous year and down 33.3% over ten years.

Over the whole period, government expenditure on tertiary education as a percentage of gdp in Barbados peaked at 2.4 in 2014 and was at its lowest, 0.811, in 1971.

That places Barbados 6th out of 31 countries with data for 2023, putting it in the top quarter.

The long-run direction has been consistently rising across the 30 years of available data.

Government expenditure on tertiary education as a percentage of GDP in Barbados, year by year

Annual values for Government expenditure on tertiary education as a percentage of GDP (%) in Barbados, 1971 to 2023.
Year Value Change
1971 0.811
1972 0.8741 +7.8%
1973 0.8752 +0.1%
1974 0.9644 +10.2%
1976 1.2 +24.0%
1977 1.48 +23.8%
1991 1.32 -11.1%
1999 1.39 +6.0%
2000 1.29 -7.2%
2001 1.76 +36.0%
2002 1.76 +0.0%
2003 1.79 +1.6%
2004 1.9 +6.1%
2005 1.79 -5.7%
2007 1.58 -12.0%
2008 1.48 -6.0%
2009 1.53 +3.2%
2010 1.97 +28.7%
2012 1.59 -19.2%
2013 1.9 +19.6%
2014 2.4 +26.5%
2015 1.34 -44.3%
2016 1.49 +11.6%
2017 1.24 -16.9%
2018 1.39 +11.8%
2019 1.18 -14.6%
2020 1.42 +20.2%
2021 1.72 +20.9%
2022 1.47 -14.9%
2023 1.27 -13.5%

Averages by decade

DecadeAverage LowestHighest Years
1970s 1.03 0.811 1.48 6
1990s 1.35 1.32 1.39 2
2000s 1.65 1.29 1.9 9
2010s 1.61 1.18 2.4 9
2020s 1.47 1.27 1.72 4

Countries ranked near Barbados

  1. 3 Venezuela, Bolivarian Republic of 1.55 compare
  2. 4 Costa Rica 1.32 compare
  3. 5 Chile 1.29 compare
  4. 7 Ecuador 1.08 compare
  5. 8 Jamaica 1.08 compare
  6. 9 Brazil 1.02 compare

See the full ranking of 31 places →

More education data for Barbados

All data for Barbados →

Frequently asked questions

What is government expenditure on tertiary education as a percentage of gdp in Barbados?
Government expenditure on tertiary education as a percentage of gdp in Barbados was 1.27 in 2023, according to UNICEF.
What is the highest government expenditure on tertiary education as a percentage of gdp recorded in Barbados?
The highest recorded value was 2.4 in 2014.
What is the lowest government expenditure on tertiary education as a percentage of gdp recorded in Barbados?
The lowest recorded value was 0.811 in 1971.
How does Barbados rank for government expenditure on tertiary education as a percentage of gdp?
Barbados ranks 6th out of 31 countries with data for 2023.
Is government expenditure on tertiary education as a percentage of gdp rising or falling in Barbados?
Over the last ten years it is down 33.3%. The long-run trend across the full record is rising.
Where does this Barbados data come from?
The figures come from UNICEF, published as part of Government expenditure on tertiary education as a percentage of GDP (%). Statizoid updates them automatically from the source API.

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Government expenditure on tertiary education as a percentage of GDP in Barbados. Statizoid, drawing on UNICEF. Retrieved 12 September 2026, from https://education.statizoid.com/stat/government-expenditure-on-tertiary-education-as-a-percentage-of-gdp-percent-2/barbados/

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About this data

Indicator
Government expenditure on tertiary education as a percentage of GDP (%)
Source
UNICEF
Licence
UNICEF Terms of Use (attribution required)
Coverage
31 places, 627 data points, 1970–2023
Last refreshed