Market size · United States

Education (United States)

Spending on education in the United States, from kindergarten through university.

Forge’s own description of what this market covers. A ruler for the size of a market, read once a year from the publishers below — it holds no sector and no company.

As its publishers state it

$1.60 tn2022 · National Center for Education Statistics · USDNo outlook published by National Center for Education Statistics

As of Sep 30, 2026 · 6 figures carried · never averaged, never Forge’s.

How big this market is, as its publishers state it

as of Sep 30, 2026 · 6 figures carried

1 publisher carried, 2018–2022, no published outlook among them. Figures are the publishers' own, shown side by side and never averaged.

Last read Sep 30, 2026: wrote 1 figure, refused 1 already stored.

Forge measures none of this. A statistical body publishes the history and its own outlook; Forge copies the figures with the sentence each came from and refreshes once a year, when the publishers do. A growing market says you are not building into a headwind — it says nothing about whether this application has customers.

Where its publishers say it is going

No publisher named for this market publishes an outlook past its observed years, so none is stated: the figures below are observed years only, and Forge projects nothing.

  • National Center for Education Statistics
National Center for Education StatisticsUSD · latest release 2024

National Center for Education Statistics: grew 22.8 % a year, 2018–2022, by its own figures.

YearFigureKindPublishedIn the publisher’s words
2018$704.0 bnhistory2023total expenses were 2 percent higher in 2019–20 than in 2018–19 ($719 billion vs. $704 billion)As the read noted: Covers degree-granting postsecondary institutions only. Figure is in constant 2021-22 dollars. source
2019$719.0 bnhistory2023total expenses were 2 percent higher in 2019–20 than in 2018–19 ($719 billion vs. $704 billion)As the read noted: Covers degree-granting postsecondary institutions only. Figure is in constant 2021-22 dollars. source
2020$927.0 bnhistory2023Total expenditures for public elementary and secondary schools in the United States were $927 billion in 2020–21 (in constant 2022–23 dollars).As the read noted: Covers public elementary and secondary schools only (not higher education). Figure is in constant 2022-23 dollars, not nominal/current dollars. source
2021$767.8 bnhistory2024 (+1 earlier)Annual spending for public elementary and secondary education increased by nearly 2 percent to $767.8 billion for the 2021-22 school year (fiscal 2022), after adjusting for inflationAs the read noted: This is 'current expenditures' (excludes most capital outlay) for public elementary and secondary schools only, not a total-education or higher-education figure, and is expressed in inflation-adjusted (not nominal) dollars. Reported by IES/NCES press release, not the raw Digest table page itself. source
2022$1.60 tnhistory2024Ten years later, in 2021-22, the expenditures for all educational institutions were $1.6 trillion, which was 7.0 percent of the GDP (All data are in current dollars; table 106.10).As the read noted: Figure is from NCES Table 106.10 (Digest of Education Statistics 2022 release); the quote itself was found via a secondary summary page (virtualschooling.wordpress.com) that cites the NCES table directly, as the raw table page (nces.ed.gov/programs/digest/d22/tables/dt22_106.10.asp) did not return the numeric cell values in search results. School year 2021-22 is recorded here as calendar year 2022. source

Other markets in North America

What else the yearly read measures in this region.

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