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by dougmccune 3656 days ago
This is SUPER back of the napkin-y, so I hope I haven't done some crazy wrong math somewhere or used inaccurate stats, but I was trying to get a sense of context for how journals fit into overall university funding (which in Finland is almost all public funding).

All numbers are for 2011

Finland GDP: $273.7B USD (1)

public expenditure on education: 6.8% (2)

calculated expenditure on education: $18.6B USD

total cost for academic journals: $21.5M USD ($19M EUR) (3)

journal cost as % of yearly university funding: 0.12%

enrolled university students: 168,983 (4)

yearly cost per student for academic journals: $112 USD

(1) https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... (2) http://www.oecd.org/edu/Education-at-a-Glance-2014.pdf (3) http://openscience.fi/publishercosts (4) http://pxnet2.stat.fi/PXWeb/pxweb/en/StatFin/StatFin__kou__y...