According to the OECD’s latest report, The United States spends more on Most on Education than any other country. In 2016, the US spent $1.3 trillion on education, about 7% of its GDP. This is more than twice the amount that China spends and four times that India spends.
Despite this high level of spending, the United States ranks just 12th in terms of educational attainment. And while America’s students perform well in math and science, they lag behind their peers in other countries in reading and critical thinking skills.
There are many reasons for this disparity. One reason is that the United States has a decentralized education system, which means that responsibility for education falls mainly on state and local governments. This leads to wide variation in spending levels from one state to another.
Countries That Spend The Most on Education 2019
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Why do Countries spend so much money on education?
It is no secret that education is expensive. However, the amount of money countries spend on education can be surprising. In fact, according to The World Bank, the United States spends more on education than any other country in the world.
So why do countries spend so much money on education? There are a few reasons. First, education is seen as a critical factor in economic growth. Countries that invest in education tend to have more prosperous economies than those that do not.
Second, educated citizens are more likely to be productive members of society. They are more likely to get good jobs and contribute to their country’s economy.
Finally, educated citizens are more likely to be engaged in their community and participate in the democratic process. This makes them better citizens and strengthens their country as a whole.