Government expenditure on tertiary education, US$ in Barbados

Barbados: Government expenditure on tertiary education, US$ was 74.02 millions in 2023. ◆ Volatile

Latest (2023)
74.02 millions
Change on year
up 2.1%
World rank
122nd
of 164 countries
All-time high
112.86 millions
in 2014
All-time low
1.35 millions
in 1971
Years of data
28
1971–2023

Government expenditure on tertiary education, US$ in Barbados, 1971–2023

02550751001251971199720231971: 1.3 millions1972: 1.6 millions1973: 1.9 millions1974: 2.5 millions1976: 4.8 millions1977: 6.5 millions1991: 26.5 millions1999: 39.3 millions2000: 38.2 millions2001: 53.8 millions2002: 53.8 millions2003: 55.5 millions2004: 60.9 millions2005: 61.7 millions2007: 66.4 millions2008: 69.2 millions2009: 73.2 millions2010: 87.9 millions2012: 74.1 millions2013: 87.9 millions2014: 112.9 millions2016: 70.8 millions2017: 60.2 millions2019: 60.8 millions2020: 76.4 millions2021: 82.3 millions2022: 72.5 millions2023: 74 millions

Source: UNESCO Institute for Statistics. Measured in millions.

Analysis

In 2023, government expenditure on tertiary education, us$ in Barbados stood at 74.02 millions.

The figure is up 2.1% on the previous year and down 15.8% over ten years.

Over the whole period, government expenditure on tertiary education, us$ in Barbados peaked at 112.86 millions in 2014 and was at its lowest, 1.35 millions, in 1971.

Barbados ranks 122nd of 164 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

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

Annual values for Government expenditure on tertiary education, US$ (millions) in Barbados, 1971 to 2023.
Year millions Change
1971 1.35 millions
1972 1.63 millions +21.1%
1973 1.87 millions +14.6%
1974 2.51 millions +34.4%
1976 4.81 millions +91.2%
1977 6.45 millions +34.1%
1991 26.47 millions +310.4%
1999 39.27 millions +48.3%
2000 38.2 millions -2.7%
2001 53.84 millions +40.9%
2002 53.77 millions -0.1%
2003 55.54 millions +3.3%
2004 60.91 millions +9.7%
2005 61.67 millions +1.3%
2007 66.44 millions +7.7%
2008 69.23 millions +4.2%
2009 73.21 millions +5.7%
2010 87.88 millions +20.0%
2012 74.08 millions -15.7%
2013 87.88 millions +18.6%
2014 112.86 millions +28.4%
2016 70.8 millions -37.3%
2017 60.19 millions -15.0%
2019 60.75 millions +0.9%
2020 76.44 millions +25.8%
2021 82.31 millions +7.7%
2022 72.46 millions -12.0%
2023 74.02 millions +2.1%

Averages by decade

DecadeAverage LowestHighest Years
1970s 3.1 millions 1.35 millions 6.45 millions 6
1990s 32.87 millions 26.47 millions 39.27 millions 2
2000s 59.2 millions 38.2 millions 73.21 millions 9
2010s 79.21 millions 60.19 millions 112.86 millions 7
2020s 76.31 millions 72.46 millions 82.31 millions 4

Countries ranked near Barbados

  1. 119 Niger 84.61 millions compare
  2. 120 Benin 80.03 millions compare
  3. 121 Nepal 79.99 millions compare
  4. 123 Malawi 69.93 millions compare
  5. 124 Kyrgyzstan 64.53 millions compare
  6. 125 Armenia 54.13 millions compare

See the full ranking of 164 places →

More education data for Barbados

All data for Barbados →

Frequently asked questions

What is government expenditure on tertiary education, us$ in Barbados?
Government expenditure on tertiary education, us$ in Barbados was 74.02 millions in 2023, according to UNESCO Institute for Statistics.
What is the highest government expenditure on tertiary education, us$ recorded in Barbados?
The highest recorded value was 112.86 millions in 2014.
What is the lowest government expenditure on tertiary education, us$ recorded in Barbados?
The lowest recorded value was 1.35 millions in 1971.
How does Barbados rank for government expenditure on tertiary education, us$?
Barbados ranks 122nd out of 164 countries with data for 2023.
Is government expenditure on tertiary education, us$ rising or falling in Barbados?
Over the last ten years it is down 15.8%. The long-run trend across the full record is volatile.
Where does this Barbados data come from?
The figures come from UNESCO Institute for Statistics, published as part of Government expenditure on tertiary education, US$ (millions). Statizoid updates them automatically from the source API.

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

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About this data

Indicator
Government expenditure on tertiary education, US$ (millions)
Unit
millions
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
164 places, 3,651 data points, 1970–2024
Last refreshed

February 2026 Data Release