New Zealand devotes more of its budget to education than almost all other OECD countries - yet still lags behind in per-student spending, latest figures show.
A new study by the OECD, called Education At A Glance 2015 found that while New Zealand spent a high proportion of both its GDP and total public expenditure on schools and universities, our students still get about US$1000 less each than the OECD average.
For example, while the total public expenditure on primary to tertiary education was 18.4 per cent, compared to the OECD average of 11.6 per cent, primary spending was only US$7069 per child, while the average was US$8247.
The gap reduced at secondary level, where spending of around US$9500 per child was almost on par, but widened again at tertiary level. New Zealand spent US$13,740 per child, while the average was US$15,028.
Government education ministers released a statement last night about the study, welcoming the news that "New Zealand ranks in the top two OECD countries for expenditure on both school and tertiary education as a percentage of total public expenditure".