How much does the US spend on education in 2018?

The Census Bureau’s Annual Survey of School System Finances tables released today show per pupil current spending for elementary and secondary public education (pre-K through 12th grade) for all 50 states and the District of Columbia increased 5.0\% to $13,187 in FY 2019 from $12,559 in FY 2018 — the largest increase …

How much does the US spend on education each year?

Public education spending in the United States falls short of global benchmarks and lags behind economic growth; K-12 schools spend $640.0 billion or $12,624 per pupil annually. Federal, state, and local governments budget $734.2 billion or $14,484 per pupil to fund K-12 public education.

How much of the US budget goes to education?

As an overall share of the total federal budget, federal spending on elementary and secondary education programs through the U.S. Department of Education account for less than 3 percent of the total federal budget.

How much does the US spend on education 2020?

The President’s budget requests $64 billion for the Department of Education for FY 2020, a $7.1 billion, or 10 percent, reduction from Fiscal Year 2019.

What country spends the most on education?

Norway
According to the OECD’s latest report, Norway is one of the countries which spends the largest share of its GDP on education, at 6.7 percent when also accounting for the tertiary sector. At the other end of the scale of analyzed countries, Russia spends just 3.4 percent.

What was the total amount of federal spending in 2015?

$3.8 trillion
In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It’s also about $12,000 for every woman, man and child in the United States.

What’s the US military budget?

In 2020, the United States spent around 766.58 billion U.S. dollars on its military. This figure is a decrease from 2010, when U.S. military spending amounted to 865.27 billion U.S. dollars (when adjusted to 2019 dollars).

How much does the United States spend on education per student?

Expenditures per FTE student at the elementary/secondary level varied across OECD countries in 2017, ranging from $3,000 in Mexico to $21,900 in Luxembourg. The United States spent $14,100 per FTE student at the elementary/secondary level, which was 37 percent higher than the average of OECD countries 2 reporting data ($10,300).

What is the average total expenditures on education in OECD countries?

Among the 35 OECD countries reporting data in 2017, the average total expenditures on education institutions constituted 4.9 percent of GDP.

What are current expenditures for state education agencies?

Excludes expenditures for state education agencies. Current expenditures for education can be expressed in terms of the percentage of funds going toward salaries, employee benefits, purchased services, tuition, supplies, or other expenditures.

Which countries have the highest expenditures per FTE student?

The United States had the highest expenditures per FTE student in both 2010 and 2017 among the OECD countries reporting data in both years. Five countries (Mexico, Denmark, Finland, Spain, and Germany) had expenditures per FTE student at the postsecondary level that were lower in 2017 than in 2010.