Global Education Expenditure in Purchasing Power Parity

9120000 is a World Bank indicator code for actual education expenditure data. The dataset is part of the International Comparison Program (ICP) 2017 round, which standardizes economic statistics across countries. It provides a metric for comparing education spending adjusted for differences in national price levels.

Use Cases

• Compare education expenditure across countries using the Purchasing Power Parity (PPP) adjusted values from the ICP 2017 framework.
• Analyze the relationship between a country's education spending (indicator 9120000) and other ICP indicators like GDP or health expenditure.
• Model national education investment trends by incorporating this PPP-adjusted data point into time-series or panel analyses.
• Benchmark a country's actual education spending against regional averages or income-group aggregates derived from this dataset.

Strengths

• Data is standardized via the International Comparison Program (ICP) 2017 methodology, enabling direct cross-country comparisons.
• Indicator is part of a major global statistical initiative involving collaboration with national statistical offices.

Limitations

• Data is based on the 2017 ICP round, making it temporally stale for analyzing current expenditure trends.
• The single indicator (9120000) provides a highly aggregated view without breakdowns by education level or funding source.
• Coverage may be incomplete for countries not participating in the ICP 2017 program.

Provenance

Source

World Bank, International Comparison Program (ICP) 2017.

Collection Method

Compiled by national statistical agencies using standardized ICP methodology for calculating Purchasing Power Parities.

Time Range

Reference year aligns with the ICP 2017 cycle.

Freshness

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Geography

Global coverage for countries participating in the ICP 2017.