10 Nations with the Highest Literacy Rate

6. 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 percent with an education expenditure of 8 percent 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.

5. New Zealand: An island country in the southwestern Pacific Ocean comes up in the fifth rank in the list. Many New Zealanders pursue technical, skill-based educations after completing their secondary school. Of the nation’s adults, over 15 percent 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 percent of national GDP. An estimated 21.2 percent of the New Zealand government’s total spending goes to education; nearly double the overall average.

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