This is the best country for education – 24/7 Wall St.

Economy

Education offers a number of advantages. According to the Bureau of Labor Statistics, the longer people stay in school, the higher their earnings and much lower their chances of being unemployed. A person with a professional degree has a median weekly income of $ 1,893. The unemployment rate within this group is 2.5%. On the other hand, a person without a high school diploma has a median weekly income of $ 619 and the unemployment rate in this group is 11.7%.

Higher levels of education carry a substantial burden. People who stay in school to earn college or work degrees often have large loans when they graduate. For college graduates, this figure exceeds on average $ 29,000.

The Global Education Countries study recently published on the Money price comparison website examined the education systems of 63 countries. The criteria were the levels of education in primary and secondary schools, the age of school leavers, public expenditure on education, the percentage of the population aged 15 years or over with tertiary education and the number top ranked universities. The data was taken from the World Bank, QS World University Rankings 2022, and the Organization for Economic Co-operation and Development (OECD). Countries have been ranked on a scale of 1 to 10.

Unsurprisingly, the world’s most developed countries and those with strong economies did the best (see list of 10 below). The United States finished 13th, just behind the United Kingdom and just ahead of the Netherlands.

At the other end of the list were countries that tended to be poor and underdeveloped. Jordan was at the bottom of the list. Algeria, Bulgaria, the Dominican Republic, Indonesia, Panama and Tunisia all received extremely low scores.

Here are the top 10 countries for education:

  • Singapore (9.10)
  • Iceland (8.40)
  • Canada (8.28)
  • Sweden (8.22)
  • Denmark (8.07)
  • Slovenia (7.97)
  • Norway (7.94)
  • France (7.94)
  • Belgium (7.87)
  • Finland (7.81)