In this article, we look at 35 countries with the best education in the world. If you want to skip the global education industry overview and all the latest trends, please visit the following link: 10 countries with the best education in the world.
Universities around the world offer all kinds of programs to those talented enough to secure admission and provide academic funding. Publishers such as Pearson plc (NYSE:PSO) are multi-billion dollar companies, while others such as Australian consultancy IDP Education Limited (ASX:IEL.AX) We help people move and access safely across continents. education.
Obtaining an education often requires decades of investment. Companies like TAL Education Group (NYSE:TAL) dedicate resources and products to the first stage of an individual's education: schooling. Additionally, companies such as Grand Canyon Education, Inc. (NASDAQ:LOPE) and Laureate Education, Inc. (NASDAQ:LAUR) offer a variety of services to college-age students. Collectively, billions of dollars are spent on education each year, and for the most ambitious students, the educational journey can span as many as 30 years, starting in preschool.
At the same time, the era of the Internet and the knowledge economy has fundamentally changed the global education landscape. The usefulness of her four-year college degree in the United States depended on the university providing students with access to resources to hone their advanced subject knowledge. Today, these very materials are available online, allowing companies like 2U, Inc. (NASDAQ:TWOU) to become stock market roller coasters in just five years.
What does this mean? 2U is best known for operating the online education platform edX, and its business is based on revenue sharing with universities that deliver lectures and grade assignments. Similar to other online technology companies such as Zoom Video Communications, Inc. (NASDAQ:ZM), 2U stock has seen the rise of online education as a viable alternative to traditional classroom-based instruction during the COVID-19 lockdown era. It seemed like a possible alternative and it has blossomed. However, even during the pandemic, stock prices have struggled to meet 2018 levels, with the stock market experiencing a 99% drop in stock prices since 2018. Investing in online education seems to require a selective approach, and if you don't keep an eye on the stock, your entire position could disappear. 2023 was also quite a controversial year for 2U, as it had to end its relationship with the University of California School of Social Work.
Even if 2U remains a vestige of its former self in the stock market, one thing is certain: attitudes toward education are changing. According to a 2023 Gallup poll, only 37% of Americans currently believe that higher education leads to improved well-being, and this number has consistently declined each year.
Therefore, as the world's educational situation changes in the 21st century, we decided to investigate the countries with the best education systems in the world.
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our methodology
To create a list of countries with the best education in the world, we categorized each country based on annual education spending as a percentage of gross domestic product (GDP), number of highly ranked universities in each country, and number of years enrolled. Ranked. School for young people.
Therefore, since the GDP ratio does not make a big difference in GDP, its weight was lowered, and the weight of the education index and number of universities was increased. When the scores were averaged, the following countries were found to be the most educated in the world. The data on which the ranking relies comes from a survey of UNESCO and the 30 countries with the world's best universities.
The best educated country in the world
35. Republic of Lithuania
Insider Monkey Score: 39.20
Lithuania offers free public higher education and ranks highly in the Education Index. However, teacher salaries and other issues continue to hamper the education system.
35. Swiss Confederation
Insider Monkey Score: 38.50
Switzerland is a highly developed European country with a GDP of $788 billion. There is little federal involvement in overall education in Switzerland, and the country has a large number of public and private schools and universities.
34. Kingdom of Belgium
Insider Monkey Score: 38.06
Belgium is also a prosperous country in Europe. It is known for its high post-secondary enrollment and literacy rates. Belgium ranks in the list of countries with the best education, as a large part of its GDP is spent on education.
33. Slovak Republic
Insider Monkey Score: 37.76
The third European country on our list, Slovakia, offers parental assistance to finance their children's education. It has both public and private universities and is ranked highly in global evaluation scores.
32. Kingdom of Sweden
Insider Monkey Score: 37.04
Sweden is part of a group of European countries called the Nordic countries. What this means is that education is free for the population and the cost is so low that international students looking for quality education on a budget are also drawn to Swedish shores.
31. Republic of Ireland
Insider Monkey Score: 36.74
Ireland is a European island nation with a federally regulated schooling system. The country ranks high in UNESCO's education index, and its citizens benefit from free primary and secondary education.
30. Kingdom of Denmark
Insider Monkey Score: 36.73
Denmark, another Nordic country, also provides free primary and secondary education. It is also one of the few countries in the world that does not have school exams.
29. Singapore
Insider Monkey Score: 36.43
Singapore is one of the richest countries in the world in terms of GDP per capita. Ranked among the top 10 countries in the Education Index, primary education is compulsory for all citizens.
28. Commonwealth of Australia
Insider Monkey Score: 35.79
Australia is one of the most popular destinations for international students. The country's universities offer a variety of entry routes, and education spending is a high proportion of GDP.
27. Federal Republic of Brazil
Insider Monkey Score: 35.55
Brazil is one of the most developed countries in South America. But education in this country often depends on ability to pay.
26. Iceland
Insider Monkey Score: 35.02
Iceland is the third Nordic country on the list of countries with the highest level of education. Naturally, this country has universal education and high standards for home learning.
25. Kingdom of Norway
Insider Monkey Score: 34.51
Norway provides free education to its citizens and to citizens of the European Union and Switzerland. Unlike the United States, it takes her three years to earn a bachelor's degree in Norway.
24. United Mexican States
Insider Monkey Score: 33.90
Mexico is known for its highly ranked universities. However, it ranks at the bottom in terms of national educational performance and total expenditure.
23. Republic of Turkiye
Insider Monkey Score: 31.30
Turkiye, formerly known as Turkey, is a country in Europe and Asia. It is very advanced when it comes to engineering and technology, and has a well-developed educational system.
22. Malaysia
Insider Monkey score: 30.59
Malaysia is a Southeast Asian country known for its world-renowned universities. Primary education is compulsory in this country.
21. Kingdom of Saudi Arabia
Insider Monkey score: 25.96
The oil-rich Arab nation of Saudi Arabia is also home to several highly ranked universities. However, the ratio of education expenditure to GDP is quite low.
20. Republic of Chile
Insider Monkey Score: 21.55
Chile has several highly ranked universities, and unlike the European countries on our list, most educational institutions in the country typically charge tuition fees.
19. Italian Federation
Insider Monkey score: 19.60
Italy is a top country in terms of having some of the best universities in the world. It is also one of the richest countries in the world.
18. Republic of Kazakhstan
Insider Monkey score: 19.25
Kazakhstan is a former Soviet state and a country in Central Asia. A high educational attainment index ranking and some excellent universities have earned this university a place on the list.
17. French Republic
Insider Monkey Score: 17.82
France is one of the most technologically advanced countries in the world. It follows a secular education system and is home to some of the world's best universities, such as HEC Paris, while others have also been criticized for being elitist.
16. Kingdom of Spain
Insider Monkey Score: 16.56
Spain is another European country that is included in the list of countries with excellent education. With a GDP of $1.5 trillion, it is one of the largest economies on the planet. Economic prosperity is also evident from the fact that Spain ranks 13th in terms of countries with the best universities.
15. Republic of Argentina
Insider Monkey score: 16.21
Argentina is a South American country with a $621 billion economy. There is a very interesting educational system that allows babies to be enrolled in preschool at the age of 45 days.
14. Russian Federation
Insider Monkey score: 15.87
Russia is known for its fighter jets, space program, and other heavy industrial endeavors. All of this requires a quality education system.
13. Republic of Poland
Insider Monkey score: 15.85
Poland is a Central European country that offers free university education to its citizens. It also has the unique honor of being home to the world's oldest Ministry of Education.
12. Czech Republic
Insider Monkey score: 15.17
The Czech Republic is also one of the few countries on this list that offers free university tuition and has several universities that have survived for centuries.
11. Netherlands
Insider Monkey score: 14.16
The Netherlands is one of the most developed countries in the world. It ranks high in the education index and the ratio of education expenditure to GDP.
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Disclosure: None. 35 countries with the best education in the world Originally published on Insider Monkey.
