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Investor Presentaiton

Education as a lever for future growth Estonia's investment in education returns some of the best scores in the world GG* expenditure in education in 2021 (% of GDP) Estonia amongst world frontrunners in PISA scores Mean score in PISA 2022 7.7 Average of 3 Mathematics Reading Science 6.6 6.3 scores 6.0 5.9 5.7 5.7 5.7 5.6 5.5 5.5 5.2 5.2 5.1 5.1 5.0 Source: Eurostat Iceland Sweden Denmark Belgium Estonia Slovenia Tertiary education attainment in 2022 (% of 15-64-year-olds) 41.3 40.2 Finland Switzerland Latvia Cyprus Malta France Croatia Czechia Netherlands Norway OECD average 472 476 485 478 Singapore 575 543 561 560 Macao 552 510 543 535 Japan 536 516 547 533 Chinese Taipei 547 515 537 533 Korea 527 515 528 523 Hong Kong 540 500 520 520 Estonia 510 511 526 516 Canada 497 507 515 506 Ireland 492 516 504 504 Switzerland 508 483 503 498 Australia 487 498 507 497 Finland 484 490 511 495 New Zealand 479 501 504 495 United Kingdom 489 494 500 494 Poland 489 489 499 492 36.7 35.1 34.5 Czech Republic 487 489 498 491 31.0 Denmark 489 489 494 491 United States 465 504 499 489 26.0 23.5 Sweden 482 487 494 488 Belgium 489 479 491 486 Austria 487 480 491 486 Slovenia 485 469 500 485 Latvia 483 475 494 484 Germany 475 480 492 482 Netherlands 493 459 488 480 France 474 474 487 478 Lithuania Belgium Estonia Slovenia Latvia Euro area Slovakia Czech Rep. Portugal 472 477 484 478 Source: OECD 34 Source: Eurostat Note: (*) GG: General Government 雲雲 REPUBLIC OF ESTONIA MINISTRY OF FINANCE
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