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percentage of 25- to 64-year-olds that have attained tertiary education with 46 percent compared
with the OECD average of 32 percent. In addition, nearly twice as many Israelis aged 5564 held
a higher education degree compared to other OECD countries, with 47 percent holding an
academic degree compared with the OECD average of 25%. It ranks fifth among OECD
countries for the total expenditure on educational institutions as a percentage of GDP. In 2011,
the country spent 7.3% of its GDP on all levels of education, comparatively more than the
Organization for Economic Cooperation and Development average of 6.3% and as a result has
fostered an education system that helped transform the country and rapidly grow its economy
over the past 70 years (Izenberg, 2013).
The Israeli education system has been praised for various reasons, including its high quality and
its major role in spurring Israel's economic development and technological boom. Many
international business leaders and organizations such as Microsoft founder Bill Gates and the
technology giant IBM have praised Israel for its high quality of education in helping spur Israel's
economic development (Izenberg, 2013).