Government expenditure on tertiary education, PPP$ in Barbados

Barbados: Government expenditure on tertiary education, PPP$ was 66.08 millions in 2023. ▲ Rising

Latest (2023)
66.08 millions
Change on year
up 8.7%
World rank
128th
of 148 countries
All-time high
105.24 millions
in 2014
All-time low
37.67 millions
in 1991
Years of data
22
1991–2023

Government expenditure on tertiary education, PPP$ in Barbados, 1991–2023

02550751001991200720231991: 37.7 millions1999: 50.7 millions2000: 47.9 millions2001: 69.5 millions2002: 69.4 millions2003: 72.2 millions2004: 79.8 millions2005: 78.4 millions2007: 80.9 millions2008: 79.7 millions2009: 84.4 millions2010: 103.8 millions2012: 73.4 millions2013: 82.8 millions2014: 105.2 millions2016: 66.5 millions2017: 56.9 millions2019: 56.2 millions2020: 69.7 millions2021: 71 millions2022: 60.8 millions2023: 66.1 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

Barbados recorded 66.08 millions for government expenditure on tertiary education, ppp$ in 2023.

That represents a change of up 8.7% on the previous year and down 20.2% over ten years.

Over the whole period, government expenditure on tertiary education, ppp$ in Barbados peaked at 105.24 millions in 2014 and was at its lowest, 37.67 millions, in 1991.

That places Barbados 128th out of 148 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 22 years of available data.

Government expenditure on tertiary education, PPP$ in Barbados, year by year

Annual values for Government expenditure on tertiary education, PPP$ (millions) in Barbados, 1991 to 2023.
Year millions Change
1991 37.67 millions
1999 50.67 millions +34.5%
2000 47.87 millions -5.5%
2001 69.53 millions +45.3%
2002 69.43 millions -0.1%
2003 72.17 millions +4.0%
2004 79.82 millions +10.6%
2005 78.43 millions -1.7%
2007 80.9 millions +3.2%
2008 79.72 millions -1.5%
2009 84.39 millions +5.9%
2010 103.84 millions +23.0%
2012 73.38 millions -29.3%
2013 82.81 millions +12.8%
2014 105.24 millions +27.1%
2016 66.51 millions -36.8%
2017 56.87 millions -14.5%
2019 56.2 millions -1.2%
2020 69.67 millions +24.0%
2021 71 millions +1.9%
2022 60.79 millions -14.4%
2023 66.08 millions +8.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 44.17 millions 37.67 millions 50.67 millions 2
2000s 73.58 millions 47.87 millions 84.39 millions 9
2010s 77.83 millions 56.2 millions 105.24 millions 7
2020s 66.88 millions 60.79 millions 71 millions 4

Countries ranked near Barbados

  1. 125 Mongolia 89.57 millions compare
  2. 126 Fiji 72.31 millions compare
  3. 127 Maldives 69.74 millions compare
  4. 129 North Macedonia 64 millions compare
  5. 130 Cambodia 56.76 millions compare
  6. 131 Bhutan 50.36 millions compare

See the full ranking of 148 places →

More education data for Barbados

All data for Barbados →

Frequently asked questions

What is government expenditure on tertiary education, ppp$ in Barbados?
Government expenditure on tertiary education, ppp$ in Barbados was 66.08 millions in 2023, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, ppp$ recorded in Barbados?
The highest recorded value was 105.24 millions in 2014.
What is the lowest government expenditure on tertiary education, ppp$ recorded in Barbados?
The lowest recorded value was 37.67 millions in 1991.
How does Barbados rank for government expenditure on tertiary education, ppp$?
Barbados ranks 128th out of 148 countries with data for 2023.
Is government expenditure on tertiary education, ppp$ rising or falling in Barbados?
Over the last ten years it is down 20.2%. The long-run trend across the full record is rising.
Where does this Barbados data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on tertiary education, PPP$ (millions). Statizoid updates them automatically from the source API.

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Government expenditure on tertiary education, PPP$ in Barbados. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 25 August 2026, from https://education.statizoid.com/stat/government-expenditure-on-tertiary-education-ppp-millions-2/barbados/

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About this data

Indicator
Government expenditure on tertiary education, PPP$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
148 places, 2,498 data points, 1984–2024
Last refreshed

February 2026 Data Release