Comparison of Tertiary Education Financing in the Czech Republic with Selected EU Countries
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Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
This article deals with a comparative analysis of tertiary education financing in the Czech Republic and selected European countries in the period 2012-2021. It uses harmonised Eurostat data, which have been converted into purchasing power units (PPS) to ensure international comparability. It focuses on key indicators - total and public expenditure on education, its share in GDP, expenditure per student and student-teacher ratio. The results show significant differences between countries. Germany and Sweden stand out with high investment and a favourable student-teacher ratio. Turkey, despite lower GDP, devotes a significant share of public funds to tertiary education but faces teacher overload. The Czech Republic is below average in international comparison, both in absolute expenditure and in relation to GDP. Nevertheless, there has been an improvement in expenditure per student and a reduction in the student-teacher ratio in recent years. Finally, the study emphasises the need for a strategic approach to tertiary education financing. The Czech Republic needs to increase public investment and stabilise academic staff if it wants to move towards advanced European systems and ensure the long-term competitiveness of its education sector.
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Tertiary Education, Public Expenditure, International Comparison, Student-Teacher Ratio, Eurostat
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978-80-7494-747-6