The Singapore school system has come a long way from the 1970s when it had an average of 40 per cent pass rate and a literacy rate of 72.7 per cent. The country’s tremendous achievement in the field of education is reflected in the school fees as it places behind only three countries - Switzerland, Austria and China.
According to the International School Fee Survey 2017, a study of the pricing and availability of 1,576 schools in 117 countries across the globe, Singapore is the fourth most expensive country for education with the cost of SGD30,395 (USD23,198) per annum.
Five most expensive countries in the world are:
- Switzerland – USD29,711 per annum
- Austria – USD25,957 per annum
- China – USD25,820 per annum
- Singapore – USD23,198 per annum
- Kazakhstan – USD22,650 per annum
The top ten most expensive schools in Singapore are:
- Dulwich College with fees of SGD54,000
- UWC South East Asia – Dover Campus with fees of SGD41,032
- UWC South East Asia – East Campus with fees of SGD41,032
- Eton House Pre-School (Sentosa) with fees of SGD30,495
- ISS International School Singapore with fees of SGD30,281
- SJI International Elementary School with fees of SGD29,990
- ACS (International) Singapore with fees of SGD29,700
- Nexus International School, Singapore with fees of SGD29,245
- SJI International High School with fees of SGD28,180
- Australian International School with fees of SGD28,071
Singapore boasts one of the highest GDP per capita in the world with SGD1,18,577 (USD90,500) per annum. The Lion City remains the most expensive city in the world, according to The Economist Intelligence Unit’s Worldwide Cost of Living. Hong Kong remains second, closely followed by Zurich.