Lucélia Ribeiro Every year, the World Economic Forum releases its Global Competitiveness Report on the state of the world's economies.

The WEF looks at data on areas as varied as the soundness of banks to the sophistication of businesses in each country. It then uses the data to compile a picture of the economy of almost every country on earth.

Countries were ranked according to the "12 pillars of competitiveness," which includes macro-economic environment, infrastructure, health and primary education, and labour market efficiency.

We have drilled down into the schooling data to look at which countries have the best education systems. Neither the US or the UK make the grade in the top 11 (3 countries are tied for 9th, making 11 the clearest cut off point.)

Here are the ones that did make the grade: