Youth unemploymentas % of total labour force
Public expenditure on education as % of GDP
Who will invest more? Who will invest less?Developed economies with shrinking and aging demographics, as well as budget constraints, are forecast
to reduce their expenditure on education, while large developing economies are forecast to increase it.
Rising up and rising downEconomies like India, where education is now very costly relative to incomes, will see improvements in affordability, but costswill remain high. In many other developing economies, an expanding middle class will put upward pressure on tuition fees.
Change in affordability of tertiary education as % of per capita income
Largest increase in STEMgrads as % of the workforce
High stays high, low stays lowThe five economies with the lowest youth unemployment
in 2030 already have relatively low rates ofyouth unemployment. Those with the highest rates
will see improvements, but the rates will remain high.
No STEMing the tideTwelve of the twenty-five economies will see STEM grads
increase by 75% or more between now and 2030,with Nigeria projected to see a four-fold increase
and Indonesia and South Africa a doubling.
Sources: EIU forecasts, World Economic Forum, International Labour Organization, UNESCO, QS university rankings, university websites.
TREND
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Yidan Prize Forecast
Education to 2030
To read the full report click either www.yidanprize.org or eiu perspectives
Highest % REDUCTION
Highest % INCREASE
16.1
0.9 6.3 10.3 10.5 16.4 22.4 25.7 28.3 32.2 32.3 37.2 83.2
18.418.819.822.523.524.527.830.030.033.842.047.6
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Top 12 economies % CHANGE
Japan India Germany Norway Mexico
France Chile Egypt Saudi Arabia South Africa
5 Lowest YOUTH UNEMPLOYMENTS RATES
5 Highest YOUTH UNEMPLOYMENTS RATES
7.1
6.2
9.7
7.3
7.6
7.5
8.9
8.2
10.0
8.6
57.1
48.0
33.5
42.4
41.7
37.5
18.6
25.7
24.9
24.4
Norway Saudi Arabia Japan Russia France Nigeria South Africa China Turkey India
6.4
9.0
3.1
4.5
3.7
5.15.3
6.5
1.0
0.7
9.0
8.5
2.9
2.3
3.8
3.1
4.8
4.1
7.3
5.5
Top 5 INCREASESTop 5 DECREASES
Legend: Historical 2015 Forecast 2030
78.6Norway
105.8Egypt
127.0Turkey
143.6Saudi Arabia
78.1Brazil
76.6India
152.2Israel
207.7South Africa
232.0Indonesia
404.1Nigeria
107.8Australia
99.5Mexico