An Indepth look at a list of Countries by Education Budget

For many years, education has been one of the factors driving major world economies.

An Indepth look at a list of Countries by Education Budget (3)

It is, therefore, understandable why even the developing economies have been investing heavily in this sector.

In order to fully understand countries’ expenditure patterns on education, it is important that one begins by understanding the criteria used to arrive at this.

To begin with, a country may be deemed to be spending much on education by looking at the percentage of its Gross Domestic Product that goes on education.

Alternatively, the same expenditure may be arrived at by examining the actual amount of money the country spends per student or the actual total spent on education.

In this article, we shall review a list of countries by education budget by looking at those that spend quite heavily on this sector.

An Indepth look at a list of Countries by Education Budget (1)Many of us are familiar with the high literacy levels in Luxembourg and to be precise, a country can only achieve a 100% literacy rate if the country spends so much in education.

Luxembourg spends a whopping $19,049.81per student in education. One can, therefore, understand why this country has the highest starting salaries for teachers, with up to $64,042 per year.

The system requires every child to attend school up until they are 14 years and this runs from primary through tertiary levels. Coming second in the list is Switzerland and given that an average Swiss child goes to school until they are 16 years, this is a pretty good foundation for any country.

The country spends 5.4% of its GDP on education and has a literacy level that stands at 99%. Additionally, its teachers have the world’s third best starting salaries which stand at $47, 329 annually, which steadily rises to $52, 444 within ten years of service.

Norway also finds itself among the countries that spend heavily on education, and for the right reasons. Every Norwegian student accounts for up to $13,066.64, a figure which loosely translates to 7.3% of the country’s GDP and a whopping 100% literacy level.

For new teachers, one should expect a starting salary of about $33,349 per year. The United States is a leader in many things and appears education is one of those.

The country spends about $11,825.89 per student in education. 5.4% of the country’s GDP goes to education and the country boasts of a 99% literacy level.

The US is also among the countries that pay teachers handsomely, with a starting salary standing at $37, 594 per year.

Wrapping up the list of the top 5 is Austria.

On average, an Austrian student takes up $11,693.07 in education. The education system in Austria is so constituted that every child is required to attend the free public education until they are nine.

In terms of GDP, the country spends up to 6% on education.

Looking at the list of countries by education budget, what stands out is the fact that different countries have various means of investing in education to ensure that the overall literacy level of that particular country is at the highest expected standards.

Education Is The Key To Success

Education Is The Key To Success (1)

Education is an integral part of everybody’s life.

Education is an act of achieving knowledge, the ability to reason out and judge and teaching oneself for maturity.

Many uneducated countries do not pay attention to the essential importance of education not only to themselves but also to their society which made here countries undeveloped.

It is true that education is essential to success.

It is not possible to disregard the importance of education in view that education is known as the heart of every society.It is a proven fact that the inhabitants of highly developed countries are highly educated.

The development of a prosperous society today is attributed to the high class of education imparted by each and every individual.

Highly educated people are the reason behind the economic, political and social development of society.

Education aids to open up your thoughts to better understand the environment around you.

A good opportunity for jobs is given to those educated ones. Companies are offering high salaried jobs to highly educated people.

They have the magic formula to make the companies grow and to success.

An educated person has the power to modify their lives in a good way.

It is advisable to think carefully before joining a school.

It’s important to consider factors that will help you find the best college school for you.

The best college school offers a high class of education that will help you to widen your knowledge. The best college school also provides an excellent standard of facilities and secured campus.

They have the best professors to teach you and will add your skills and knowledge. Like for example, there are numerous engineering courses and MBA colleges that offer a good quality of education that will help you gain precious knowledge that you can use for the future.

It is a smart choice to sign up in education forum to gain knowledge, to imply on yourself and also to your society.

It may also a way of enabling you to be practical and will give you lessons in life that you can implement for a better tomorrow.Education Is The Key To Success (2)

By doing so, you can interact with more people.Choosing the best college school for you is tough.

Selecting the best school college will be a wise decision that you will never feel disappointed. You have the big chance to make the degree that you want.

More than this, you will have the opportunity to work on a high paying company.

A child’s education is of paramount importance, especially in the early years.

The children must value the education, to be able to attain their goals in life.

Also, they would have big chances in achieving a good quality of life.

So, right before you decide on what course you will take, be sure that you will pick the one that best suits you.