1.Russia

A northern Eurasian nation, Russia is the most highly literate nation in the world. In this country, education is provided mainly by the state and is regulated by the Ministry of Education and Science. Regional authorities regulate education within their jurisdictions within the prevailing framework of federal laws. The country spends 4.9 % of the GDP in education sector, and almost every adult. Russia has high development rate and low poverty rate as they realize the importance of education for the successful nation. Since its existence as independent state, it emerged as a strong country due to its high literacy rate. It has the highest literacy rate of 53 % as per the latest data.

2.Canada

With almost 51.3 % literacy rate, Canada emerges as the country with second highest literacy rate in the world. Canadian government spends a sufficient amount 6.6 % of their GDP in education sector, maintaining its strong economy simultaneously. Canada is home to many well-known institutes that provide quality education be its primary, secondary or tertiary. The government tries to provide the career and skill based education to its people so that no one remains jobless to be the burden on family, society or even country. This clearly indicates the reason of low poverty rate and high development rate in Canada. At the age of 6, most of its masses have the ability to read and write.

3.Israel

Israel is a developed country, located in a region that is geographically diversified. Most of the individual in this nation above the age of 15 years has the ability to read and write. As such, the literacy rate is almost 46 %. Since Israel is well aware of the importance of education, it spends almost 7.5 % of its GDP in education sector. The government provides the opportunity to the youth to join the military at the age of 18-21 both male and female. Israel is the country with continually increasing literacy rate as the colleges and universities are accredited by their country’s higher education commission. The government provides the students with scholarships so they may pursue their higher education. With the increasing literacy rate, the development rate is also increasing in Israel.

4.Japan

Though the land of rising sun is among the countries with highest population, it has still managed to maintain sustainability and development through its education. As such, it has made its place among the top 3 countries with high literacy rate in the world. The percentage of literate population is about 45.98 % with 5 % spending of its GDP in education sector alone. Over and at the age of 15, every Japanese individual is able to read and write. It is worth mentioning that Japan is among the most developed country in Asia due to its literacy rate

5.United State of America

In the United States, the government labels individuals as literate who can read a couple of thousand simple words that they learn by sight in the first four grades in school. Through its strongest economy, this superpower nation is ruling the world today. There is a criterion that makes the country to be listed up among the most literate countries in the world and the U.S. fulfills almost all of it. Many institutes that are famous all over the world are located in this country and those institutes are regarded as the best universities too. Though there is a gradual increase in the population in the U.S. but the government has managed to provide the secondary and tertiary education to its people. The rate is around 43 % and the expenditure in education sector is almost 7 % total GDP.

6.United Kingdom

The lands of kings and queens, United Kingdom rounds off at the sixth place on the list. In UK, 40 % of the individuals have tertiary education, which are mostly funded by private sources. The country spends 7 % of the GDP in education sector. Students from other parts of the world prefer to go to United Kingdom to pursue education due to flexible visa policies, supporting students to continue their education to higher level.

7.South Korea

A presidential republic, South Korea is a developed country with the second highest standard of living in Asia. Their status as a developed nation is mainly because of its high literacy rate along with a good record of placement after receiving education. The country has a literacy rate of 40 % with an education expenditure of 8 % of GDP. It has advanced in every field of science and technology. Engineering and health sciences have attained its peak through the research resources and abilities in South Korea. It has the power of emerging future scientists in the country. Most of the public funds spent on the education in this nation.

8.Finland

It is also one of the best countries in the world in terms of education, economic competitiveness, civil liberties, quality of life and human development. All these are mainly attributed to Finland’s high rate of literate population. The literacy rate in the nation is almost 39 % whereas 7 % of GDP are spend alone in education that goes beyond secondary school. This Nordic nation is well-known for providing free education to its masses and many of the Asians and natives obtain their higher education from Finland. There are many colleges and universities that provide the career based education to the students so they may work for their country in future. The education system is very effective in Finland. The technology connected areas have much advancement and not just this, Finland is highly productive in scientific research.

9.Australia

Known as one of the wealthiest nation in the world, Australia has always been a hotspot for international student from almost all around the globe. The literacy rate of this country is around 38 % where the country spends 6 % of its Annual GDP in education. The international students constitute 25 % of the Australian population. This clearly indicates the quality education of the Australian educational institutes at every level. The institutes provide different scholarships to the bright students to develop their country with the most literate people in the world. Education is indeed the mantra behind the success and development of the country.

10.New Zealand

An island country in the southwestern Pacific Ocean comes up in the tenth rank in the list. Many New Zealandrs pursue technical, skill-based educations after completing their secondary school. Of the nation’s adults, over 15 % had attained this kind of college education, among the highest proportions among countries reviewed by the OECD. Spending on education in New Zealand is amounted to 7.28 % of national GDP. An estimated 21.2 % of the New Zealand government’s total spending goes to education; nearly double the overall average

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