Yahoo Finance 25 Countries with Best Education System in the World
In this article, we will take a look at the 25 countries with the best education system in the world. If you want to skip our detailed analysis, you can go directly to 5 Countries with Best Education System in the World.
The Innovation Outlook
Web3.0 and the Metaverse are among the top tech trends right now. According to a report by Deloitte, the market for spatial computing is expected to hit $600 billion by 2032. 92% of companies surveyed by Deloitte stated they are currently experimenting or implementing a technology related to the metaverse. The CEOs of these companies highlight that they expect sales to expand by 12% to 14% once these systems are fully functional. Another interesting technological innovation underway is the construction of the spatial web. The spatial web will blur the line between digital content and tangible objects. The two realities will then be able to co-exist with each other, enabling real-time information processing. The United States has been a key player in boosting the role of artificial intelligence and innovation. Such explains, why CarMax, one of the largest car retailers has managed to enhance operations and minimize risks using AI-backed internal data management tools. Etsy, Inc. (NASDAQ:ETSY), a leading e-commerce platform in the United States, invested 20% of its engineering budget to enhance the developer experience, helping it scale its organization from 250 to 1,000 people.
Innovative Companies: At a Glance
Some of the most innovative companies in the world include NVIDIA Corporation (NASDAQ:NVDA), Samsung Electronics Co., Ltd. (OTC:SSNLF), and Alphabet Inc. (NASDAQ:GOOG). Let's discuss some recent updates from these companies. You can also take a look at the most educated countries in the world.
On February 6, NVIDIA Corporation (NASDAQ:NVDA) and Cisco announced their goals to launch AI-backed infrastructure solutions for data centers. NVIDIA Corporation's (NASDAQ:NVDA) Tensor Core GPU is now integrated into Cisco's M7 generation of UCS rack and blade servers. These servers enhance the performance of data centers and process data-intensive projects. Moreover, Cisco's Validated Designs make the deployment and management of artificial intelligence clusters more convenient. The Validated Designs for FlexPod and FlashStack for Gen AI inferencing will be available for use by the end of this month.
On February 7, Samsung Electronics Co., Ltd. (OTC:SSNLF) published a report on the key digital signage products and solutions showcased by the company at ISE 2024. Samsung Electronics Co., Ltd. (OTC:SSNLF) is attempting to instill hyper-connectivity by launching SmartThings for Business. SmartThings aims to enhance in-store operations with personalized automation. Moreover, the company partnered with Cisco to launch its 105-inch 5K Smart Signage Solution. The solution is aimed at improving hybrid work performance. Other solutions were aimed at content creation and retail.
On February 1, Alphabet Inc. (NASDAQ:GOOG) reported an update to its ads search. The company is leveraging the power of artificial intelligence to launch responsive search ads. Responsive search ads help companies publish appropriate headlines and product descriptions that perfectly encapsulate dynamic consumer behaviors. Users can now display one headline at the beginning of a product description. Additionally, Alphabet Inc. (NASDAQ:GOOG) also launched campaign-level headlines and descriptions. Users will now be able to add up to three headlines and 2 descriptions for a certain campaign. Moreover, Google AI will also now create assets for a user automatically. These assets include site links, images, callouts, and structured snippets.
Without further ado, let's take a look at the 25 countries with the best education system in the world. You can also take a look at the most educated countries in Africa.
25 Countries with Best Education System in the World
Our Methodology
For our list of 25 countries with best education system in the world, we calculated a score for each country based on three metrics: patents per 1000 people, mean wealth per adult, and GDP per capita. The data for the number of patent applications filed by the residents of each country was sourced from the World Intellectual Property Organization's 2023 report. To calculate the values for patents per 1000 people, we divided the number of each country's patent applications by its population (in thousands), as of 2022, which was sourced from the World Bank.
The Mean Wealth per Adult was sourced from the Global Wealth Report 2023 published by the Union Bank of Switzerland and the GDP per capita was sourced from the IMF. We multiplied each country's GDP per capita (in thousands) by its patents per capita and wealth per adult (in thousands). The resulting value was then divided by 100 to obtain the Insider Monkey Score for each country's education system. Then we ranked the 25 countries with best education system in the world in ascending order of these scores.
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25 Countries With Best Education System in The World
25. Poland
Patents per 1,000 People: 0.088
GDP per Capita (in thousands): $22.4
Wealth per Adult (in thousands): $52.7
Insider Monkey Score: 1.04
With a GDP per capita of $22,393.03 in 2023, Poland ranks among the countries with the best education system in the world. The mean wealth per adult in Poland in 2022 was $52,741.
24. Saudi Arabia
Patents per 1000 People: 0.072
GDP per Capita (in thousands): $32.6
Wealth per Adult (in thousands): $91.0
Insider Monkey Score: 2.12
With an insider monkey score of 2.12, Saudi Arabia ranks 24th on our list of countries with the best education system in the world. Saudi Arabia reported a GDP per capita of $32,586.17 in 2023.
23. Ireland
Patents per 1000 People: 0.013
GDP per Capita (in thousands): $112
Wealth per Adult (in thousands): $247
Insider Monkey Score: 3.73
Ireland is among the countries with the best education system in the world. Ireland reported a GDP per capita of $112,247.7 in 2023. The residents of Ireland filed 69 patent applications in 2022.
22. China
Patents per 1000 People: 1.037
GDP per Capita (in thousands): $12.5
Wealth per Adult (in thousands): $75.7
Insider Monkey Score: 9.85
China ranks 22nd on our list of countries with the best education system in the world. The residents of China filed 1,464,605 patent applications in 2022. China reported a GDP per capita of $12,541.4 in 2023.
21. Belgium
Patents per 1000 People: 0.058
GDP per Capita (in thousands): $53.7
Wealth per Adult (in thousands): $353
Insider Monkey Score: 10.95
Belgium ranks as one of the countries with the best education system in the world. Belgium reported a GDP per capita of $53,656.83 in 2023. The average wealth per adult in Belgium in 2022 was $352,814.
20. Italy
Patents per 1000 People: 0.143
GDP per Capita (in thousands): $37.2
Wealth per Adult (in thousands): $221
Insider Monkey Score: 11.8
With a GDP per capita of $37,146.23, Italy is one of the countries with the best education system in the world. The residents of Italy filed 8,440 patent applications in 2022.
19. Israel
Patents per 1000 People: 0.16
GDP per Capita (in thousands): $53.2
Wealth per Adult (in thousands): $235
Insider Monkey Score: 20.01
Israel ranks 19th on our list of countries with the best education system in the world. The mean wealth per adult in Israel in 2022 was $235,445. The residents of Israel filed 1,527 patent applications in 2022.
18. Canada
Patents per 1000 People: 0.117
GDP per Capita (in thousands): $53.3
Wealth per Adult (in thousands): $370
Insider Monkey Score: 23.07
With a GDP per capita of $53,246.98, Canada ranks as one of the countries with the best education system in the world. The average wealth per adult in Canada in 2022 was $369,577.
17. Netherlands
Patents per 1000 People: 0.105
GDP per Capita (in thousands): $61.8
Wealth per Adult (in thousands): $358
Insider Monkey Score: 23.3
The Netherlands ranks 17th on our list of the countries with the best education systems in the world. The Netherlands reported a GDP per capita of $61,769.7 in 2023. The residents of the Netherlands filed 1,861 patent applications in 2022.
16. Finland
Patents per 1000 People: 0.245
GDP per Capita (in thousands): $54.5
Wealth per Adult (in thousands): $180
Insider Monkey Score: 24.03
Finland is one of the countries with the best education systems in the world. The residents of Finland filed 1,361 patent applications in 2022. The mean wealth per adult in Finland was $179,986 in 2022.
15. United Kingdom
Patents per 1000 People: 0.167
GDP per Capita (in thousands): $48.9
Wealth per Adult (in thousands): $303
Insider Monkey Score: 24.7
With an insider monkey score of 24.7, the United Kingdom ranks among the countries with the best education system in the world. The United Kingdom had a GDP per capita of $48,912.78 in 2023.
14. Austria
Patents per 1000 People: 0.189
GDP per Capita (in thousands): $58.01
Wealth per Adult (in thousands): $245
Insider Monkey Score: 26.9
Austria ranks 14th among the countries with the best education system in the world. Austria had a GDP per capita of $58,013.27 in 2023. The mean wealth per adult in Austria in 2022 was $245,225.
13. Sweden
Patents per 1000 People: 0.171
GDP per Capita (in thousands): $55.2
Wealth per Adult (in thousands): $297
Insider Monkey Score: 28.1
Sweden is one of the countries with the best education system in the world. The residents of Sweden filed 1,798 patent applications in 2022.
12. France
Patents per 1000 People: 0.196
GDP per Capita (in thousands): $46.3
Wealth per Adult (in thousands): $312
Insider Monkey Score: 28.4
With a GDP per capita of $46,315.2, France ranks 12th among the countries with the best education system in the world. The mean wealth per adult in France in 2022 was $312,235.
11. Australia
Patents per 1000 People: 0.095
GDP per Capita (in thousands): $63.5
Wealth per Adult (in thousands): $497
Insider Monkey Score: 29.9
With an insider monkey score of 29.9, Australia ranks among the countries with the best education system in the world. The residents of Australia filed 2,465 patent applications in 2022.
10. Iceland
Patents per 1000 People: 0.097
GDP per Capita (in thousands): $78.8
Wealth per Adult (in thousands): $498
Insider Monkey Score: 38.05
With a GDP per capita of $78,836.85, Iceland ranks 10th among the countries with the best education systems in the world. The residents of Iceland submitted 37 patent applications in 2022.
9. Denmark
Patents per 1000 People: 0.178
GDP per Capita (in thousands): $71.4
Wealth per Adult (in thousands): $410
Insider Monkey Score: 52.2
Denmark ranks among the countries with the best education system globally, with a GDP per capita of $71,402.14 in 2023. The mean wealth per adult in Denmark in 2022 was $409,954.
8. Germany
Patents per 1000 People: 0.444
GDP per Capita (in thousands): $52.8
Wealth per Adult (in thousands): $256
Insider Monkey Score: 60.1
Germany ranks eighth on our list of the countries with the best education system in the world. Germany had a GDP per capita of $52,823.58 in 2023. The residents of Germany filed 37,199 patent applications in 2022.
7. Norway
Patents per 1000 People: 0.158
GDP per Capita (in thousands): $99.3
Wealth per Adult (in thousands): $385
Insider Monkey Score: 60.4
Norway's average wealth per adult in 2022 was $385,338, contributing to its ranking among the countries with the best education system in the world. Norway had a GDP per capita of $99,266.3 in 2023.
6. Switzerland
Patents per 1000 People: 0.14
GDP per Capita (in thousands): $102.9
Wealth per Adult (in thousands): $685
Insider Monkey Score: 98.9
With an insider monkey score of 98.9, Switzerland ranks sixth among the countries with the best education system in the world. Switzerland reported a GDP per capita of $102,865.6 in 2023.
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Disclosure: None. 25 Countries with Best Education System in the World is originally published on Insider Monkey.