Level of Education

Economic Development, Advancements and Innovations

Level of Education and Literacy

  • The Russian population has a 99.68% (2018) literacy rate – 99.73% males, 99.65% for females,the highest literacy rate in the world

Education

Moscow state institute of foreign relations is widely recognized as the most elite university in Russia

Almost 53% of the population has a tertiary education or above
Estimated 95% of Russian adults have a higher secondary education

In the investment of money, those overqualified lacking adequate employment are offered the opportunity to retrain, obtaining employment sustaining an adequate quality of life. Russia’s level of literacy in the globe ranks 1st with 99.68% of the Russian populace maintaining literacy, despite the meagre 4.9% of GDP spent on education annually. This literacy is due significantly to the economic emphasis placed on the subsidy of education by the Soviet union, however, also to the high level of education Russia has sustained in their teaching system, ranking Moscow state university as 86th worldwide. As a result of generations of literate people, Russians have amongst the highest rate of education with 95% completing secondary education and 53% completing their tertiary education (university degree). The labour workforce however, faces great paucity in workers as the Russian populace in universities aims in obtaining employment in more intellectually demanding enterprise rather than one of the physical demands. The high competition of Russians with degrees entering the non-labour intensive workforce leaves many overqualified citizens out of jobs from the competition. In offering training programs in facilitating the growth of neglected industries such as electronics, manufacturing, agriculture etc…, Russian individuals are provided with the option to pursue a career that offers a higher chance of acceptance without the prerequisite of a degree, allowing for the immediate use of the training in building the economy. This initiative both decreases the level of unemployed people with degrees as these people are able to either retrain or train entirely differently for an industry that allows for expenditure unimaginable before.