|Figure 22-1: Annual expenditures per student for elementary and secondary education in selected Organization for Economic Cooperation and Development (OECD) countries, by gross domestic product (GDP) per capita: 2008|
Linear relationship between spending and country wealth for 31 OECD countries reporting data (elementary/secondary): r2 = .84; slope = .27; intercept = -992.
NOTE: Luxembourg data are excluded because of anomalies with respect to their Gross Domestic Product (GDP) per capita data. (Large revenues from international Finance institutions distort the wealth of the population.) For more information on classification of expenditures for international comparisons, see Appendix C – Finance. For more information on the International Standard Classification of Education (ISCED), see Appendix C – International Education Definitions.
SOURCE: Organization for Economic Cooperation and Development (OECD), Center for Educational Research and Innovation. (2011). Education at a Glance, 2011: OECD Indicators, tables B1.2 and X2.1.