What proportion of national wealth is spent on education?

Expenditure on educational institutions is an investment that can help foster economic growth, enhance productivity, contribute to personal and social development, and reduce social inequality. Relative to GDP, expenditure on educational institutions indicates the priority a country gives to education. The proportion of a country’s total financial resources devoted to education is the result of choices made by governments, enterprises, and individual students and their families, and is partially influenced by enrolments in education. Given that expenditure on education largely comes from public budgets, it is closely scrutinised by governments, particularly at times when governments are being urged to cut spending.