Harvard University. Janias Tobias Werner/Shutterstock The World Economic Forum, a nonprofit foundation, has ranked the most educated countries in the world as part of its annual Global Competitiveness Report.

The WEF created the index using a variety of objective and subjective measures.

Each country's score, from one to seven, is based on factors including the rate at which people studied at a university or an equivalent, such as a nursing college.

The score is also based on answers provided by business leaders from each country to five questions including "In your country, how well does the education system meet the needs of a competitive economy?" and "In your country, to what extent do companies invest in training and employee development?"

Here is a look at the top 11.