Canada G7’s most-educated country
Highly skilled immigrants made Canada G7’s most-educated country. Boasting a higher ratio than any of its G7 counterparts, Canada holds the top spot among countries with the most significant number of university graduates. The G7 nations – France, Germany, Italy, Japan, the United Kingdom, and the United States all pale in comparison to Canada’s remarkable educational success rate.
Canada stood above all other G7 countries, with 57.5% of its population aged 25 to 64 possessing college or university credentials. In comparison, the United States had 50.3%, the United Kingdom maintained 50.1%, France 40.7%, Italy 20.0%, Germany 31.1%, and Japan 55.6%.
G7’s most-educated country
Statistics Canada reports that Canada has the highest percentage of citizens with college or university degrees of any G7 nation. With the influx of highly educated immigrants and the high rate of young adults completing degrees, the population of highly educated locals is growing. The significance of a highly educated workforce for Canada’s continuing economic growth was also highlighted in the study from Statistics Canada. As more people approach retirement age, it is crucial to make use of these qualifications, according to the report.
In addition, Canada is experiencing a labor shortage due to strong employment, historically low unemployment, and record-high open positions. To ensure that Canada has enough skilled workers to cover the vacancies left by retirements, it is essential to take advantage of our highly educated population, the report stated.
Education level of immigrants in Canada
It is more likely for someone with a bachelor’s degree or higher education to land their first job in Canada earlier. The main factor contributing to the high level of education of immigrants in Canada is the country’s unique points assessment system, which chooses candidates based on their education and other qualifications. Higher education offers you more points, especially in the Express Entry system. High school graduates receive 28 CRS points, while those with a bachelor’s degree receive 112, those with a master’s degree receive 126 points, and those with a Ph.D. receive a maximum of 140 points.
More points are awarded to those who complete their higher education in Canada. Additionally, they receive a few additional points if they gain Canadian job experience while holding a postgraduate work permit.
The number of Canadians of working age who had at least a bachelor’s degree increased by 19.1% over the five years leading up to 2021. Immigrants are to thank for over half of this growth.
Why is Canada in the top G7 country?
The population of Canada has a higher percentage of people who have completed college or a university degree than that of any other G7 country, according to Statistics Canada. As more immigrants enter the country, there are more people with undergraduate degrees or other higher degrees. In Canada, even more, young individuals are also receiving their degrees. At least, one in three Canadians has at least a bachelor’s degree.
The release of the report took place on November 30, 2022. According to Statistics Canada, a skilled labor force is necessary for long-term economic growth.
Leveraging a highly educated and skilled workforce is now necessary since a growing amount of Canadian individuals are reaching retirement age. Immigrants’ entry into the labor market will aid in addressing Canada’s labor shortage.
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