Education in Russia at a glance
I found the recent OECD report Education at a Glance 2014 quite insightful.
It stated that in 2012, not only did the Russian Federation have the highest percentage of adults with tertiary education amongst all OECD countries, but also that the country’s total public spending on education is almost half the OECD average, both as a percentage of GDP and as a percentage of total public expenditure.
In 2010, it was recorded that average tertiary education spending per student in Russia was just $7,424 (compared to $26,021 in the US).
More generally speaking, for all levels of education combined, the Russian Federation spends 3.9% of GDP and 10.9% of total public expenditure on education, in contrast with OECD averages of 5.6% and 12.9%.
Although the government investment figures could be higher, the low entry cost of tertiary education means that it is widely accessible, providing many Russians with the opportunity to attain further skills and knowledge. As a result, more than 53% of Russian adults between the ages of 25 and 64 had tertiary education in 2012, which is a higher percentage than in any other country reviewed by the OECD.