5% of EU GDP is spent by governments on education

Most of the education expenditure in the EU comes from public funds, amounting to 5% of GDP. However, students and their families, together with other private entities, provided 12% of the funds of education institutions in 2005. The level of private funding clearly distinguishes the EU from the United States, where 33% of the funding of educational institutions is private. But above all, what distinguishes the two is that while the EU spent 5,657 PPS (Purchasing Power Standards) per pupil/student in 2005, the US spent 10,661 PPS.