IMD World Competitiveness Ranking 2023
FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES AUSTRALIA
u Overall top strengths v r ll T Str t
w Overall top weaknesses w Overall Top Weaknesses
KNOWLEDGE
2019 2020 2021 2022 2023 07 06 08 07 08 29 28 37 29 28 13 19 18 16 16
Sub-Factors
Talent
Training & education
Scientific concentration
Training & education
Scientific concentration
Talent
Rank
Rank
Rank
22
28 46 12 22 39 02
47 18 18
Employee training
Total expenditure on R&D (%)
w
Educational assessment PISA - Math
- -
Total public expenditure on education
Total R&D personnel per capita
International experience
Higher education achievement
Female researchers
Foreign highly skilled personnel
15 13 33 20
-
Pupil-teacher ratio (tertiary education)
R&D productivity by publication
Management of cities
44 07
Graduates in Sciences
Scientific and technical employment
Digital/Technological skills
Women with degrees
High-tech patent grants Robots in Education and R&D
u Net flow of international students
TECHNOLOGY
2019 2020 2021 2022 2023 07 06 17 10 15 19 13 17 13 16 17 20 27 26 31
Sub-Factors
Regulatory framework Capital
Technological framework
Capital
Technological framework
Regulatory framework
Rank
Rank
Rank
49 09 14 34 49 14
05 06 42 26 24 16
38 35 29 01 34 07
IT & media stock market capitalization
Communications technology
w
Starting a business
Funding for technological development
Mobile broadband subscribers
Enforcing contracts
Banking and financial services
Wireless broadband
Immigration laws
Country credit rating
Internet users
u
Development & application of tech.
Venture capital
Internet bandwidth speed
w
Scientific research legislation
Investment in Telecommunications
High-tech exports (%)
Intellectual property rights
FUTURE READINESS
2019 2020 2021 2022 2023 07 05 14 08 04 35 43 55 40 42 11 12 21 15 23
Sub-Factors Adaptive attitudes Business agility
IT integration
Business agility
IT integration
Adaptive attitudes
Rank
Rank
Rank
07 30 53 05 39 23
02 04 03 15 28
50 30 45 35 27 33
Opportunities and threats
E-Government
w
u E-Participation u Internet retailing u Tablet possession
World robots distribution
Public-private partnerships
Agility of companies
Cyber security
w
Use of big data and analytics
Software piracy
Smartphone possession
Knowledge transfer
Government cyber security capacity
Attitudes toward globalization
Entrepreneurial fear of failure
Privacy protection by law content
57
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