The education level of a country's citizens is a key determinant of its economic prosperity. Higher education levels often lead to enhanced growth and development in a nation. However, comparing education systems across countries is challenging due to differences in teaching methods and resource availability. To address this, indexes have been developed to assess the education levels of citizens.
In our report, we utilize the 'Education Index', which is a part of the 'knowledge' component of the United Nations' Human Development Index. Currently we are leveraging the data from the 2022 Index. This index evaluates factors such as expected and actual years of schooling, and educational achievements at all levels. A country scores better on this index and ranks higher as it approaches a score of 1.
Our initial analysis of recent data on world education rankings reveals several trends:
Iceland has the best rated education in the world with an index score of 0.938. Following close behind is Germany, the second best education ranking with a score of 0.917. New Zealand is just a few percentage points behind with a score of 0.914, making it the 3rd best educated country.
Next, we have two Nordic countries, Norway and Denmark, ranking fourth and fifth respectively. Norway has an index score of 0.912, while Denmark scored 0.909. Another Nordic country, Finland, scored 0.907 and is in sixth place.
Switzerland, known for its high-quality education system, ranks seventh best with a score of 0.902. Holding the eighth best education system is the United Kingdom with a score of 0.901. Slovenia, too, ranks impressively with a score of 0.898, grabbing the ninth spot.
Lastly, Australia rounds out the top ten with a score of 0.896.
10 Countries with Best World Education Rank:
(Score of 1 is the highest possible score)
1. Iceland - 0.938
2. Germany - 0.917
3. New Zealand - 0.914
4. Norway - 0.912
5. Denmark - 0.909
6. Finland - 0.907
7. Switzerland - 0.902
8. United Kingdom - 0.901
9. Slovenia - 0.898
10. Australia - 0.896
To sort the data in the table, click on the column headers.
Iceland has the best rated education in the world with an Education Index score of 0.938.
The United States ranks 13th in education with an Education Index score of 0.883.
Year - 2022
Source - United Nation's Human Development Index
Methodology - The 'Education Index' is derived from the 'knowledge' component of the United Nations Human Development Index. This Education Index evaluates two main factors: expected and actual years of schooling and educational achievements at all levels. A country scores better on this index and ranks higher as it approaches a score of 1.