Finland’s education system has been ranked best in the world, according to a global league table published by education firm Pearson.
The study, carried out by the Economist Intelligence Unit combines international test results and data such as literacy and graduation rates between 2006 and 2010.
Also taken into account are factors such as spending on pupils and class size as well as the level of school choice.
Looking at education systems which succeed, the study concludes that spending is important, but not as much as promoting a culture which is supportive of learning.
The report also emphasises the importance of high-quality teachers, saying that this can be as much a question of status and professional respect as levels of pay.
There are direct economic consequences of high and low performing education systems, the study says, particularly in a globalised, skill-based economy.Sponsorship Link
Finland is followed in the rankings by South Korea, Hong Kong, Japan and Singapore with the United Kingdom in sixth place.