Labor force with advanced education (% of total working-age population with advanced education)

This indicator measures the proportion of individuals within the labor market who possess advanced educational qualifications in relation to the overall working-age demographic holding similar credentials. Advanced education encompasses various levels of academic achievement, including short-cycle tertiary programs, bachelor’s degrees, master's degrees, and doctoral equivalents, as categorized by the International Standard Classification of Education 2011 (ISCED 2011). A higher ratio signifies a more educated workforce capable of contributing to specialized and high-skill sectors, which can enhance innovation and economic growth. By analyzing this metric, stakeholders can identify trends in educational attainment and its impact on employment dynamics, thereby facilitating more effective workforce development strategies and policies that align with industry needs. Source: