MercoPress. South Atlantic News Agency

Canada, Israel, Japan with the most educated status in the world, says OECD

McGill and Toronto, some of the leading universities in Canada

With spiking tuition costs, insurmountable loan balances, and the unemployment rate for recent college graduates at double digit it’s clear that a university education doesn’t receive the best of praise, particularly in developed countries.

But despite the ongoing financial woes across the globe many think that college is still worth the investment. A new study from The Wall Street Journal shows that students continue to flock to institutions of higher learning, enrolling at record rates over the past few years. Not surprisingly, the percentage of adults with degrees soared highest in developed nations, reaching 30% in 2010. But which of these nations can boast the status of most educated?

Based on a study conducted by the Organization for Economic Cooperation and Development (OECD), The Wall Street Journal compiled a list of the 10 countries with the highest proportion of college-educated adult residents.

Topping the charts is Canada, the only nation in the world where more than half its residents can proudly hang college degrees up on their walls. In 2010, 51% of the population had completed a tertiary education, which takes into account both undergraduate and graduate degrees. Canada commanded the top spot in the last study in 2000, but even still has shown serious improvement. A decade ago, only 40% of the nation’s population had a college degree.

Snagging the number two most-educated spot was Israel, which trailed Canada by 5%. Japan, the U.S., New Zealand and South Korea all ranked with more than 40% of citizens having a higher-education degree. The top 10 most-educated countries are:

1. Canada

2. Israel

3. Japan

4. United States

5. New Zealand

6. South Korea

7. United Kingdom

8. Finland

9. Australia

10. Ireland