IMD World Talent Ranking 2020

IMD World Talent Ranking 2020 LATVIA

OVERALL PERFORMANCE (63 countries)

1 4 The direction of the triangle indicates the performance change from the last year:  improved or stable  declined 2 4

Alpha AlphaLabel

Beta BetaLabel

Gamma GammaLabel

2016 2017 2018 2019 2020

2 4

2 2

2 2

2

2

9

15

11

12

13

15

Overall

Investment & Development

Investment & Development Appeal

33

51

30

33

34

35 38

35

Appeal

Readiness

40

40

41

43

40

46

48

51

52

52

Readiness

Investment & Development Total public expenditure on education Total public exp. on education per student Pupil-teacher ratio (primary education) Pupil-teacher ratio (secondary education)

Value

2020 Rank

u

5.8 %

12 34 14 13 32 39

Percentage of GDP

4,975 US$ 12.00 ratio 9.53 ratio

Spending per enrolled pupil/student, all levels

u u

Ratio of students to teaching staff are sufficiently implemented Ratio of students to teaching staff

Health infrastructure Female labor force Apprenticeships Employee training

5.07 Survey [0..10] 5.69 Survey [0..10]

is a high priority in companies

u

50.07 %

3

Percentage of total labor force

4.80 Survey [0..10]

43

meets the needs of society

Appeal

2020 Rank

Value 76.20 index

Cost-of-living index

26 50 35 54 41 40 51 46 47 38 26 60 40 40 29 32 28 47 34 36 19 22 28

Index of a basket of goods & services in the main city, including housing (New York City = 100)

w

6.04 Survey [0..10] 5.86 Survey [0..10] 3.20 Survey [0..10] 6.09 Survey [0..10] 4.89 Survey [0..10]

Attracting and retaining talents

is a priority in companies

Worker motivation

in companies is high

w

Brain drain

(well-educated and skilled people) does not hinder competitiveness in your economy

Quality of life

is high

Remuneration of management Effective personal income tax rate Remuneration in services professions Foreign highly-skilled personnel

are attracted to your country's business environment

w

11,431 US$ 103,020 US$

Gross annual income including supplements such as bonuses, US$

Total base salary plus bonuses and long-term incentives, US$

22.84 %

Percentage of an income equal to GDP per capita

Justice

5.11 Survey [0..10] 14.11 micrograms

is fairly administered

Exposure to particle pollution

Mean population exposure to PM2.5, Micrograms per cubic metre

Readiness

Value

2020 Rank

w

Labor force growth

-1.11 %

Percentage change

Skilled labor Finance skills

5.60 Survey [0..10] 6.09 Survey [0..10] 5.86 Survey [0..10] 5.87 Survey [0..10] 6.58 Survey [0..10] 6.22 Survey [0..10] 6.36 Survey [0..10] 7.60 Survey [0..10]

is readily available

are readily available

International experience

of senior managers is generally significant

Primary and secondary education Competent senior managers

are readily available

meets the needs of a competitive economy

w

Management education University education Graduates in Sciences

20.17 %

% of graduates in ICT, Engineering, Math & Natural Sciences

meets the needs of a competitive economy

meets the needs of the business community

u

Language skills

are meeting the needs of enterprises

Educational assessment - PISA Student mobility inbound

3.91 number 487 Average

Foreign tertiary-level students per 1000 inhabitants

PISA survey of 15-year olds

73

IMD WORLD TALENT RANKING 2020