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Since 1999 till 2012 the budgets for public education have increased from 3,8% of the GDP till 4.5% of the GDP in public spending. Evidence shows that Chile is spending almost 40% more of its GDP in higher education compare to the average OECD countries, from 2.4% of the GDP in Chile compare to the 1.7% of the GDP in the average OECD
Usually in higher level education such as university degrees, 80% of the passing grades are in the 4.5 – 5.4 range and a grade exceeding 5.0 is normally considered "good". While in the U.S. highly competitive students have A grades, in Chile these same students tend to average 6,8, 6,9 or 7,0, all of which are considered near perfect grades.
The World Bank, for example, defines tertiary education as including universities as well as institutions that teach specific capacities of higher learning such as colleges, technical training institutes, community colleges, nursing schools, research laboratories, centers of excellence, and distance learning centers.
Education spending of countries and subnational areas by % of GDP Location % of GDP Year Source ... Chile: 5.4 2017 [2]
The indicators are used to create a health index, an education index and an income index, each with a value between 0 and 1. The geometric mean of the three indices—that is, the cube root of the product of the indices—is the human development index. A value above 0.800 is classified as very high, between 0.700 and 0.799 as high, 0.550 to 0. ...
Rank Country Human Development Index (HDI) Region World HDI value Change in HDI value 2019–22* Average annual growth (2010–2021) [2] 2022 2021
The countries of the region show wide differences in their averages and gaps in completion rates, especially at the secondary level. While on average 55% of youth in the region complete the first cycle of secondary education, in countries such as Guatemala and Nicaragua this estimation falls to 30%. In Chile, it approaches 80%.
The Education Index is a component of the Human Development Index (HDI) published every year by the United Nations Development Programme. Alongside the economical indicators ( GDP ) and Life Expectancy Index , it helps measure the educational attainment .