Education: United States

This report forecasts US personal consumption expenditures (PCE) on education services in nominal US dollars to 2023. Select US demographic segments are also forecast to 2023. Total PCE is segmented by institution type in terms of: public higher education, private nonprofit higher education, private for-profit higher education, commercial and vocational, elementary and secondary, and day care and nursery.

To illustrate historical trends, total spending, total population, and the various segments, as well as state and local government spending on elementary and secondary education services, are provided in annual series from 2008 to 2018.

This report includes the expenditures of individuals and nonprofit institutions that primarily serve individuals. Spending subsidized by third parties, including the government, is also included, though government spending on public education is excluded. Homeschooling, in which the substantive instruction and training is provided by a non-institutional entity such as a parent or guardian, is excluded. This report excludes spending on education-related goods, as well as spending by US citizens on education in foreign countries. Spending by foreign citizens on education in the US is included.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading service providers, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Related NAICS Codes:
6111 Elementary and Secondary Schools
6112 Junior Colleges
6113 Colleges, Universities, and Professional Schools
6114 Business Schools and Computer and Management Training
6115 Technical and Trade Schools
6116 Other Schools and Instruction
6117 Educational Support Services
6244 Child Day Care Services

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