Education is the major sector that can really influence the GDP of a specific country. The economic growth of any country on the globe can be easily measured by the percentage of literates pertaining to that country.
Despite of the ongoing financial and economic crisis across the world, still many investors think that offering education is still a worthy business when compared to other businesses. An International economic study has revealed that even in the global recession period, the college graduation rate has seen a great improvement and increased by a huge extent in few well developed countries.
Canada is the only country that tops the ‘list of highest educated countries in the world’ with more than half of its residents holding a tertiary education certificate. Canada with its efforts managed to become a global leader in the education without spending much in the education development.
Israel is a country widely known for its nuclear weapons and development of high-tech weapons systems holds 2nd spot on the list with 46% of its total population having received a tertiary education. While other developed countries such as Japan, United States, New Zealand, South Korea and United Kingdom occupy next places on the list.
Few interesting statistics:
- Nearly 25% of all high school students in United States fail to attain graduation on time.
- In United States, nearly 85.3% of the total populace hold a high school diploma.
- The total number of undergraduates in United States is 14,473,884 and the total US graduates number is 2,097,511.