In 2008, public education expenditure represented approximately 5 % of GDP. That year, at the start of the economic crisis, public education expenditure grew 2.8 % in real terms, 2.4 percentage points above GDP growth. Private entities expenditure in education institutions was 0.75 % of GDP, but there were significant differences in the EU, ranging from 0.15% in Finland to 1.72 % in the United Kingdom. The importance of public financial aid to students also varied considerably among countries in 2008, from 1.2 % to 16 % of public education expenditure.
Release date: 30-SEPTEMBER-11
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