IMD World Talent Ranking 2022

LATVIA Talent Ranking 2022

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

2018

2019

2020

2021

2022

2 4

2 2

2 2

2

2

11

12

14

14

15

16

Investment & Development

Overall

27

Investment & Development Appeal

27

46

30 33

33

34

35

36

Readiness

Appeal

40

40

43

36

46

48

49

51

52

Readiness

INVESTMENT & DEVELOPMENT Total public expenditure on education

Value

2022 Rank

12 36 16 15 13 23

5.9 %

u

Percentage of GDP

4,971 US$ 12.11 ratio 10.37 ratio

Total public exp. on education per student Spending per enrolled pupil/student, all levels Pupil-teacher ratio (primary education) Ratio of students to teaching staff Pupil-teacher ratio (secondary education) Ratio of students to teaching staff are sufficiently implemented

u u

5.86 Survey [0..10] 6.38 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

is a high priority in companies Percentage of total labor force

4

49.51 %

u

40

5.29 Survey [0..10]

meets the needs of society

APPEAL

2022 Rank

Value 74.20 index

25 41 30 44 47 38 52 47 37 36 23 61 18 22 20 26 29 49 36 28 24 14 29

Cost-of-living index

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

6.52 Survey [0..10] 6.00 Survey [0..10] 4.05 Survey [0..10] 5.37 Survey [0..10] 5.14 Survey [0..10]

Attracting and retaining talents

is a priority in companies

Worker motivation

in companies is high

Quality of life Brain drain

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

w

is high

Foreign highly-skilled personnel Remuneration in services professions

are attracted to your country's business environment

11,431 US$ 99,037 US$

w w

Total base salary plus bonuses and long-term incentives, US$ On profits, income and capital gains, as a percentage of GDP Gross annual income including supplements such as bonuses, US$

Remuneration of management Collected personal income tax

6.13 %

5.43 Survey [0..10] 12.71 micrograms

Justice

is fairly administered

Exposure to particle pollution

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

READINESS

Value

2022 Rank

Labor force growth

-3.82 %

w

Percentage change

6.15 Survey [0..10] 6.67 Survey [0..10] 5.95 Survey [0..10] 6.00 Survey [0..10] 6.33 Survey [0..10] 6.29 Survey [0..10] 6.67 Survey [0..10] 7.14 Survey [0..10]

Skilled labor Finance skills

is readily available

are readily available

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

19.33 %

Graduates in Sciences University education Management education

w

% 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

5.32 number 487 Average

Student mobility inbound

u

Foreign tertiary-level students per 1000 inhabitants

Educational assessment - PISA

PISA survey of 15-year olds

69