Overall, countries with a higher literacy rate have a higher GDP per capita than countries with lower literacy rates.
Generally speaking, there is indeed a positive correlation between literacy rates and GDP per capita. However, it is important to note that correlation does not imply causation, and other factors may also come into play.
Higher literacy rates can contribute to economic growth and development in several ways. When a country has a more educated population, it tends to have a higher skilled workforce, which can attract more industries and investments. Additionally, higher literacy rates are associated with improved healthcare, better governance, reduced poverty rates, and increased innovation and technological advancements.
Education plays a crucial role in equipping individuals with the knowledge and skills needed to participate in the modern economy. Literacy allows people to access and understand information, communicate effectively, and engage in various economic activities, such as entrepreneurship. Moreover, educated individuals tend to have better employment prospects and higher incomes, which collectively contribute to a nation's overall economic productivity and GDP per capita.
However, it is important to acknowledge that literacy rates alone cannot determine a country's economic success. Other factors such as political stability, infrastructure, natural resources, trade policies, and effective governance can also significantly impact a nation's economic performance. Hence, while higher literacy rates are generally associated with higher GDP per capita, it is not the sole determinant of a country's economic well-being.