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Youth unemployment as % 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 down Economies like India, where education is now very costly relative to incomes, will see improvements in affordability, but costs will 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 STEM grads as % of the workforce High stays high, low stays low The five economies with the lowest youth unemployment in 2030 already have relatively low rates of youth unemployment. Those with the highest rates will see improvements, but the rates will remain high. No STEMing the tide Twelve 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 #1 TREND #2 TREND #3 TREND #4 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 18.4 18.8 19.8 22.5 23.5 24.5 27.8 30.0 30.0 33.8 42.0 47.6 Hong Kong Japan Germany France South Korea Mexico Egypt Saudi Arabia Israel Norway China Indonesia India Finland Canada US Chile Russia UK Turkey Brazil Singapore South Africa Australia Nigeria 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 5.1 5.3 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 INCREASES Top 5 DECREASES Legend: Historical 2015 Forecast 2030 78.6 Norway 105.8 Egypt 127.0 Turkey 143.6 Saudi Arabia 78.1 Brazil 76.6 India 152.2 Israel 207.7 South Africa 232.0 Indonesia 404.1 Nigeria 107.8 Australia 99.5 Mexico
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