According to Eurostat data released recently, the private sector in Cyprus contributes significantly in education, almost double than that in Europe.
Specifically, expenditure for private education on island stood at 1.21% of GDP compared to 0.67% of the EU average.
As for public education, expenditure reached 6.92% of GDP with the EU average declining to 5% of GDP. Most public education expenses were injected to secondary education and possibly concern the teachers’ payroll.
Governments in the Nordic countries were amongst those with the highest financial efforts to support education, with public expenditure on education as a percentage of GDP ranging from 8.28% in Denmark to 6.31% in Finland. The countries making the lowest financial effort in supporting education, with percentages below 4%, were Greece (3.98%), the Slovakia (3.85%) and Romania (3.48%).
2009-01%2Fekpaideusi_eng.pdf Specifically, expenditure for private education on island stood at 1.21% of GDP compared to 0.67% of the EU average.
As for public education, expenditure reached 6.92% of GDP with the EU average declining to 5% of GDP. Most public education expenses were injected to secondary education and possibly concern the teachers’ payroll.
Governments in the Nordic countries were amongst those with the highest financial efforts to support education, with public expenditure on education as a percentage of GDP ranging from 8.28% in Denmark to 6.31% in Finland. The countries making the lowest financial effort in supporting education, with percentages below 4%, were Greece (3.98%), the Slovakia (3.85%) and Romania (3.48%).
3287.99
1275.09
