Estonia also spends a relatively high share of it's gross domestic product on education, at 5.8 percent of GDP, compared with the EU average of 4.6 percent. The country that had the highest education spending in Europe was Sweden, at 6.8 percent of GDP, while the country that has increased education spending the most was Latvia with a ten percent year-on-year rise in education expenditure. In terms of salaries, Luxembourg has the best paid teachers at both primary and secondary level, with average starting salaries being 74.4 thousand U.S. dollars and 84.32 thousand U.S dollars respectively.
Although compulsory education is still the main learning experience for most people, an increasing number of Europeans are participating in higher education and obtaining degrees. As of 2018, approximately 40 percent of young Europeans had obtained a degree, with Lithuania having the highest share of 30-34 year old graduates at 57.6 percent. Europe is also home to some of the most prestigious universities in the world such as Oxford and Cambridge, which were the highest ranked universities in Europe in 2020.
As more and more people obtain degrees, and the modern economy becomes steadily more complex, there is also an increasing demand for lifelong learning, as both employer and employee seek to improve their skillsets. Part of the way this is provided is through educational technology (EdTech) such as online courses or through learning apps. While European EdTech companies are smaller than their competitors in the United States or China, investment in European EdTech is increasing, with 643 million U.S dollars invested in European EdTech in 2019, compared with just 70 million U.S. dollars in 2014.