8. Belgium
Belgium invested $11,585 USD per student and thus allocated 29 percent of its GDP per capita on education in 2011. On the PISA test it ranked 15th with an average of 515. When it comes to money, Belgium can brag about its students’ ability to smartly use money, since only students from Shanghai, China had better financial literacy scores than young Belgians on the PISA test. Finally, along with Germany, Belgium is the only other country on this list which improved its KEI from 8.86 in 2000 to 8.71 in 2011.