In the recent few years, the graduation rate has considerably increased in the developed countries. The increase in graduation rate has been calculated as 200 percent. This survey has been done by “Education at a glance 2011”. This report is developed by the OECD (Organization for economic co-operation and Development). The report has indicated that there is no even distribution of education among every country, but the developed countries have taken their education standards to the next level.
Education is an important feature in everyone’s life. Without education, nothing can be achieved with rationalism. All the developed countries tend to invest in the education sources, since it forms the base of any economy and nothing is ever achieved without the right sort of education. Usually, the countries with highly educated population are the ones who are wealthiest in the world. In our list of 10 most educated countries, the countries that have been featured like the US, Japan, Canada, all of them have high GDP’s. Similarly, Norway and Australia have also shown a considerable increase in the GDP growth. Therefore, one can conclude that the degree of education can be directly proportional to the GDP growth of a country.
All the countries with good GDP rate have their best investments in the form of education. UK is the country that spends the most amount of its GDP on education. The US comes at the second place and Canada at the fourth place in terms of investments for education. All these developed countries have always inspired the other countries by setting high standards of education and its people have always been educated professionals. We have short-listed 10 most educated countries of the world. Here they go:
Canada ranks the first in terms of having the highest number of educated professionals on board. The population of Canada is mostly educated and the people with post secondary education account to 50 percent. The average annual growth rate also accounts to a whopping 2.3 percent. Canada’s GDP is the 10th highest in the world and calculated at 39,070 USD. 50 percent of the adults in Canada have already finished their tertiary education, and this accounts to the highest rate in OECD. The investment that Canada makes in the education arena is phenomenal. It spends almost 2.5 percent of its GDP in the growth of education in its boundaries. Education has always been considered an important part of the societal norms in Canada and most politicians aim at improving the educational standards of the nation. This helps the government to set up a great educational structure for the population. These are some of the reasons why Canada is resting on the top position in our list of top 10 most educated countries in the world.
When it comes to post secondary education, Israel accounts for a population of 45 percent. The GDP of this country is 28,596 USD. The education standards have improved significantly in Israel and the situation is no longer as it was in the year 1999. The growth rate in terms of education has lumped in Israel as compared to the other countries of the world. According to the figures, 46 percent of the adults had tertiary education. These adults aged from 25 to 64. However, this was decreased to only 44 percent by the year 2007. This was seen as an alarming sign by the government and more funds were spent on the education for masses. The population increase has also been considered as a factor that has been affecting the government funding on education. However, Israel ranks among the top countries for which the education for masses is the most important subject.
The population in this country with post secondary education is 44 percent. The GDP per capita income of the country is 33,751 USD. The figures suggest that more than 44 percent of the Japanese population has received a tertiary education. It is a strong indicator of how strong the education system is in Japan. The meager growth in the population of this country has complimented the education levels. The population growth rate has been registered to be only 0.46 percent from the year 2000 and 2009. Japan accounts for the third highest post secondary graduation rate in the world. Thus, Japan is investing a lot of resources in developing its education standards and the results are evident from this approach of this country.
4. United States:
The world power, United States of America has a population of 41 percent with post secondary education. Since it is a clear fact that no nation can progress without a good number of educated professionals, we can assume why US is one of the most influential countries in the world. It has the fourth highest GDP per capita measuring at 46,588 USD. However, the population has grown rapidly in the US from year 2000 to 2009, thanks to the increased number of immigrants in the country. This rapid increase of population has hampered the education growth in the country by a little margin. The public funds are the major source of funding for the institutions in the country. US is one country that spends a good number of resources on improving its education standards.
5. New Zealand:
The population with post secondary education in this country amounts to 40 percent. This is a good number and it has improved the global positioning of this country. The GDP of New Zealand is 29,871 USD which is close enough to the developed economies. However, New Zealand cannot be considered a rich country and therefore it has a limited number of resources to be employed for the betterment of education in the country. The growing population of this country has also posed to be a threat for education standards. From the year 2000 and 2009, the population of New Zealand has increased with a rate of 11.88 percent, which is very alarming. However, this country spends a fair amount of its GDP in the improvement of its education scenario.
6. South Korea:
The population that has finished with post secondary education in this country accounts to 39 percent. This is a good number considering the large population of the country. The GDP of South Korea is 29,101 USD, thanks to the phenomenal amount gadgets being produced in the country. The rate of growth among the people who have gone on to complete the tertiary education accounts to 5.3 percent. This is fifth highest among the OECD countries, something to take a pride in. A striking feature about the education system of South Korea is that Social Science, business and law are not the typical fields of study, instead the students in South Korean universities choose subjects like Education, humanities and arts. Public funds are the major source of investment in education and around 59 percent of the funding come from public funds.
Known for its free education for international students as well, Norway has a population of about 3 percent who have completed their post secondary education. The GDP of this country is the second highest in the world and accounts to 56,617 USD. They spend an ample of resources for the growth of educational institutions in the country. Norway, with its heavy GDP income is undoubtedly one of the wealthiest countries in the world and it comes right after Luxembourg in terms of wealth. Hence, there is a lot of money with the government to spend for the development of educational institutions in the country. This also remains to be the major reason why Norway advocates free education for all its students.
8. United Kingdom:
The population that has completed post secondary education in this country amounts to 37 percent. This equals the figures of Norway. The GDP of the country is as high as 35,504 USD. This is a great help for the framers of law and they tend to invest in education more than any other country in the world. The education standards have been optimum in the UK from the beginning. Moreover, the fact that its population growth between the year 2000 and 2009 has only been 3.9 percent also contributes to the betterment of its education standards. 69.5 percent of the education investments come from a public source.
The percentage of people accomplishing post secondary education equals that of the UK and Norway at 37 percent. The GDP of this country is 49,719 USD which is the sixth highest in the world. However, the population growth of this country is increasing tremendously registering a whopping 14.63 percent from the year 2000 and 2009, making it the third largest as long as the OECD countries are concerned. Australia does not promote public funds for the investment in education. There is a phenomenal amount of international students migrating to Australia in the recent years.
The percentage of people completing the post secondary education is also 37 percent in Finland, which is the same as countries mentioned above. With the GDP per capita income of 36,585 USD, Finland is considered to be one of the wealthiest countries in Europe and this is the reason why it has upgraded its education system. It provides free education to the international students too. As in South Korea, in Finland too the subjects of social sciences, business and law are not so popular and more stress is laid on the subjects related to art, humanities and education. However, in the recent years many of the students prefer to study engineering, manufacturing and construction. Although, Finland is a smaller country as compared to the other countries in OECD, but it lays a lot of stress on improving its education standards over the time. Finland invests good amount of money in its educational institutions and it shows with the progress this country is making in the global scene.