IMD World Talent Ranking 2021

Talent Ranking 2021

LATVIA

OVERALL PERFORMANCE (64 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

2017 2018 2019 2020 2021

2 4

2 2

2 2

2

2

11

12

16

13

15

16

Overall

Investment & Development

Investment & Development Appeal

30

49

30 33

33

34

35 38

35

Appeal

Readiness

40

40

43

33

48

49

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

2021 Rank

u

5.8 %

12 34 11 12 35 49

Percentage of GDP

4,885 US$ 11.96 ratio 9.93 ratio

Spending per enrolled pupil/student, all levels

u u

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

Health infrastructure Female labor force Apprenticeships Employee training

4.98 Survey [0..10] 5.24 Survey [0..10]

w u

is a high priority in companies

49.94 %

3

Percentage of total labor force

4.93 Survey [0..10]

42

meets the needs of society

Appeal

2021 Rank

Value 67.60 index

Cost-of-living index

23 36 44 50 44 43 51 46 40 41 24 25 40 41 14 34 36 49 34 34 17 18 29

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

Attracting and retaining talents

6.49 Survey [0..10] 5.32 Survey [0..10] 3.69 Survey [0..10] 5.50 Survey [0..10] 4.62 Survey [0..10]

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

Foreign highly-skilled personnel Remuneration in services professions

are attracted to your country's business environment

w w

11,431 US$ 99,037 US$

Gross annual income including supplements such as bonuses, US$

Remuneration of management Collected personal income tax

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

6.50 %

On profits, income and capital gains, as a percentage of GDP

Justice

4.89 Survey [0..10] 12.71 micrograms

is fairly administered

Exposure to particle pollution

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

Readiness

Value 0.04 %

2021 Rank

Labor force growth

Percentage change

Skilled labor Finance skills

5.20 Survey [0..10] 6.09 Survey [0..10] 6.09 Survey [0..10] 5.60 Survey [0..10] 6.09 Survey [0..10] 6.32 Survey [0..10] 6.36 Survey [0..10] 7.78 Survey [0..10]

is readily available

are readily available

u

International experience Competent senior managers Primary and secondary education

of senior managers is generally significant

are readily available

meets the needs of a competitive economy

w

Graduates in Sciences University education Management education

19.93 %

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

meets the needs of a competitive economy

meets the needs of the business community

Language skills

are meeting the needs of enterprises

Educational assessment - PISA Student mobility inbound

4.36 number 487 Average

Foreign tertiary-level students per 1000 inhabitants

PISA survey of 15-year olds

78

IMD WORLD TALENT RANK ING 2021