According to the Education at a Glance 2012 report drafted by the Organization for Economic Cooperation and Development (OECD), 54 per cent of Russians aged 25-64 hold academic degrees.
Russia is followed by Canada (51%), Israel (46%), Japan (45%) and the United States (42%).
Although Russians are more likely to have a degree, Russia's top university, Moscow State University, was ranked just 116th in the world in a recent study, down from 112th place last year.
The second most highly ranked Russian university, St. Petersburg University, slipped two positions to 253rd place in the annual QS World University Rankings, a QS regional director said on Tuesday.
The report analyzed the education systems of the 34 OECD member countries, and those of Russia, Argentina, Brazil, China, India, Indonesia, Saudi Arabia and South Africa.
Russia is not currently a member of the OECD but is in talks to join. Deputy Prime Minister Igor Shuvalov said last week that the government has drafted a special program on Russias accession to organization, which will most likely happen in 2014.