“The price of inaction report” of UNESCO

The UNESCO report titled “The price of inaction: The global private, fiscal and social costs of children and youth not learning” was recently released.

About the report:

• This report was prepared in collaboration with the OECD (Organisation for Economic Co-operation and Development) and the Commonwealth Secretariat.
• It analyzes for the first time the economic and societal costs associated with educational deficiencies.

Key Findings:

• Approximately 250 million children and young people worldwide are currently out of school.
• Educational gaps could lead to a loss of approximately $10,000 billion annually by 2030.
• Reducing school dropouts by just 10% could boost GDP growth by 1 to 2% points annually.
• Educational deficiencies are linked to a 69% rise in early pregnancies among young girls globally.
• Each additional year of secondary education significantly reduces the likelihood of girls marrying and having children before the age of 18.