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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 Marshall Islands 15.8 2019 [1] Cuba 11.5 2020 [2] Micronesia 10.5 2020 [2]
Let’s take a closer look at the average salary by education level to see what dividends education pays.
In Mexico, access to education has increased with 87% of the population today completing their primary schooling compared to 46.6% in 1980. [4] The countries of the region show wide differences in their averages and gaps in completion rates, especially at the secondary level.
This is a list of countries by the proportion of the population that has attained at least a secondary education. The list is composed of the percent of the population of the relevant age groups that have completed an upper secondary education in the listed countries. The lists are compiled from several sources.
The New York City public school system is the largest in the United States. [33] More than 1.1 million students are taught in more than 1,700 public schools with a budget of nearly $25 billion. [34] The public school system is managed by the New York City Department of Education. It includes Empowerment Schools.