top of page
< Back
The Role of Education in Economic Growth

Education is a cornerstone of a nation's human capital, equipping individuals with diverse skills and competencies that bolster productivity and drive economic growth. The World Economic Forum outlines three primary pathways through which education enhances a country's productivity: by elevating the skill level of the workforce, facilitating the transfer of expertise, and fostering innovation.

The impact of education extends beyond individual earnings and job opportunities, exerting a profound influence on overall economic performance. Studies reveal that each additional year of education correlates with a 10% rise in personal income and a 0.37% annual increase in GDP. Furthermore, every dollar invested in education yields between $10 and $15 in economic output, offering a potent means of alleviating poverty and fostering prosperity.

The nexus between education, societal transformation, and sustained economic advancement cannot be overstated. Countries can narrow socioeconomic disparities and foster more inclusive growth by prioritizing efforts to enhance school quality and promote equitable access to education.

Download the Study

Click here to download

The Role of Education in Economic Growth

bottom of page