According to a new report by the World Bank, Cuba spends 13% of its GDP on education, a figure that marks the highest investment in the sector in the world. The report follows findings from earlier this year that noted that the country had the highest literacy rate in the region.
Bolivia and Venezuela are the next countries in the region with 6.9% of their GDP going towards the sector, placing them joint 9th in the world rankings. The regional average for Latin America is 5.5% of GDP.
The report highlighted the increase in investment in the sector by Bolivia, which has increased between 2009 and 2013 to a tune of 319% in starter education, 105% in primary, and 306% in secondary. This represents a new record of US$2.3bn.
Bolivian president Evo Morales responded to the country’s ranking during his 2014 annual review of government, saying: “Those of us who have the responsibility of running the country are very encouraged, and such recognition by international organisations is very good.”
Venezuela ends the year with a record number of students, with 10.5m enrolled (of a population of 30m) in education overall, including a record 96% of children completing primary education. There are also a record 2.6m students in higher education, an increase of 294% from 2000. This is the largest number in the country’s history, and the fifth highest rate globally.
The investment in education is part of a larger social plan, recently dubbed a ‘Knowledge Revolution’ by President Nicolás Maduro. Policies to achieve these advances include the establishment of new educational “mission” programs, the foundation of new universities, reinforcing the free nature of higher education, with over 200,000 people awarded grants to study, and the provision of free school meals, textbooks, and laptops to schoolchildren.
Earlier this year the country undertook a national consultation for quality in education, in which more than seven million Venezuelans participated, among them teachers, students, parents, and social movements, to define the bases of education policy for the next ten years.