Wednesday, June 26, 2013
Education at a Glance 2013: OECD Indicators was released yesterday by the international economic group, the Organisation for Economic Co-operation and Development. OECD compares annual quantitative indicators of quality education in 34 countries. The 2013 edition “offers a snapshot of how people who participate in and benefit from education, fared during the worst economic crisis seen in decades.” U.S. public education funding dropped one percent between 2008 and 2010; the U.S. was one of five countries in the world to decrease public education spending during those years (joining Estonia, Hungary, Iceland, and Italy). Across all levels of education, annual per-student spending by educational institutions in the United States was higher than in any other country (U.S. Country Report, U.S. p. 4), but most of that spending was on higher education (the United States spends twice as much of its GDP (2.8%) on higher education than the international average (1.6%)). Although the U.S. spends more than every other country on higher education, a larger-than-average proportion of that money comes from private sources. Read the United States country note here and the full report here.