5. Sweden
Sweden is fifth on our list 10 Countries That Spend the Most on Education per Student. The country invested $12,426 USD per student in 2011, allocating 30 percent of its GDP per capita. Unlike other countries on our list, Sweden spent less than 80 percent of total expenditure per student on core educational services. And with an average PISA score of 478 — below the OECD country average of 494 — Sweden finished last compared to other countries on this list. However, Swedes shouldn’t be worried about PISA results — their homeland ranks first in KEI with 9.43.