Public Expenditure on Education GNI Formula

Equation for calculate public expenditure on education gni is,

%XGNI_t = [PXE_t ÷ GNI_t] x 100

where,
PXE_t = Total Public expenditure on Education in financial year t,
GNI_t = Gross National Income in financial year t,
XGNI_t = Public expenditure on education in financial year t