Current expenditure on education remained unchanged in real terms in 2020
release | Educational finances 2020According to Statistics Finland, current expenditure on education increased by 0.1 per cent in real terms in 2020 compared to the previous year. Current expenditure per student did not change in 2020 compared to the previous year. Current expenditure on education and current expenditure per student have decreased in real terms compared to 2010. Between 2000 and 2020, total current expenditure on education and current expenditure per student were in real terms highest in 2010.
Key selections
- Current expenditure on education remained unchanged in real terms in 2020 compared to the previous year.
- Current expenditure on education and current expenditure per student have decreased in real terms compared to 2010.
- Current expenditure on education relative to GDP increased in 2020 compared to the previous year but the share is smaller than in 2010.
- Current expenditure was converted to correspond to the price level of 2020 by means of the industry-specific price index of national accounts describing public education expenditure.
- Real change means that the effect of price changes has been taken into account.
There are differences in the expenditure development of various sectors of education. Expenditure on pre-primary and comprehensive school education have grown in real terms compared to 2010. Expenditure on other sectors of education has decreased. Expenditure on vocational education has fallen most in real terms over the 2010s.
Current expenditure on education relative to GDP was 5.3 per cent in 2020. The share has decreased compared to 2010 but it increased in 2020 compared to the previous year.
Current expenditure was converted to correspond to the price level of 2020 by means of the industry-specific price index of national accounts describing public education expenditure. Real change means that the effect of price changes has been taken into account. The data starting from 2017 are not fully comparable with those for earlier years due to the change in housing supplement included in student financial aid.
Current expenditure on education totalled EUR 12.4 billion in 2020. Costs of comprehensive school education made up the biggest share of current expenditure on education. EUR 5.1 billion were used on comprehensive school education in 2020. The shares were next biggest in university education and research, on which EUR 2.4 billion were spent and in vocational education, on which EUR 1.8 were used.
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