**Country with the Highest Literacy Rate**

According to the latest available data, the country with the highest literacy rate is Finland. Finland has consistently ranked among the top countries in terms of education and literacy. The literacy rate in Finland is estimated to be around 100%, indicating that virtually everyone in the country has basic reading and writing skills.

**Factors Contributing to Finland's High Literacy Rate**

Several factors contribute to Finland's high literacy rate:

1. **Education System**: Finland has a well-developed and highly regarded education system. It places a strong emphasis on providing quality education to all its citizens. The education system in Finland is known for its equitable access to education and highly qualified teachers.

2. **Early Childhood Education**: Finland prioritizes early childhood education, providing comprehensive and high-quality preschool programs. These programs focus on developing foundational literacy skills and preparing children for formal education.

3. **Equal Opportunities**: Finland is committed to providing equal opportunities for all its citizens. The country invests heavily in reducing educational disparities by offering support programs for students who need extra assistance.

4. **Teacher Training and Professional Development**: Finland places significant importance on teacher training and professional development. Teachers in Finland are highly qualified and undergo rigorous training programs. This ensures that students receive quality instruction and support in developing literacy skills.

5. **Promotion of Reading Culture**: Finland promotes a strong reading culture by providing access to well-stocked libraries, organizing reading campaigns, and encouraging reading for pleasure. This fosters a love for reading and contributes to higher literacy rates.

6. **Digital Literacy**: Finland recognizes the importance of digital literacy in the modern world. The country has integrated technology into its education system, providing students with access to digital resources and tools that enhance their literacy skills.

In conclusion, Finland has the highest literacy rate due to its well-developed education system, emphasis on early childhood education, equal opportunities, focus on teacher training, promotion of reading culture, and recognition of digital literacy. These factors collectively contribute to Finland's success in achieving a high literacy rate.