IMD World Talent Report 2023
Talent Ranking 2023
ICELAND
u w
Overall top strengths Overall top weaknesses
OVERALL PERFORMANCE (64 countries)
Rank 2023
2019
2020
2021
2022
2023
Overall
3 4
3
3
4
4 6
7 6
7
Investment & Development
8
8
3
10
8
13
Appeal
14
16
17
14
Readiness
18
Investment & Development Total public expenditure on education
Value
2023 Rank
7.7 %
3 4 6
u u
Percentage of GDP
17,456 US$ 10.20 ratio 10.00 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
14 39 30 33 24
4.96 Survey [0..10] 6.33 Survey [0..10]
Health infrastructure Female labor force Apprenticeships Employee training
w
meets the needs of society Percentage of total labor force is a high priority in companies
46.10 %
6.67 Survey [0..10]
Appeal
Value
2023 Rank
Cost-of-living index
- index
-
Index of a basket of goods & services in the main city
8.09 Survey [0..10] 7.16 Survey [0..10] 7.07 Survey [0..10] 9.49 Survey [0..10] 5.10 Survey [0..10]
Attracting and retaining talents
6
is a priority in companies
Worker motivation
10
in companies is high
Brain drain Quality of life
6 4
does not hinder competitiveness in your economy
u
is high
Foreign highly skilled personnel Remuneration of management Collected personal income tax
37 51 61 15
are attracted to your country's business environment Total base salary plus bonuses and long-term incentives, US$ On profits, income and capital gains, as a percentage of GDP
87,701 US$
w w
14.54 %
7.73 Survey [0..10] 5.64 micrograms
Justice
is fairly administered
Statutory minimum wage Exposure to particle pollution
2 2
u u
Mean population exposure to PM2.5, Micrograms per cubic metre
2,594.62 US$
Statutory gross monthly minimum wage
Readiness
Value 4.61 %
2023 Rank
Labor force growth
6 9 4
Percentage change is readily available are readily available
6.54 Survey [0..10] 7.45 Survey [0..10] 5.04 Survey [0..10] 6.21 Survey [0..10] 7.43 Survey [0..10] 7.34 Survey [0..10] 7.31 Survey [0..10] 8.63 Survey [0..10]
Skilled labor Finance skills
International experience
49 24 12 53 17 10
w
of senior managers is generally significant
Competent senior managers Primary and secondary education
are readily available
meets the needs of a competitive economy
18.17 %
University education Management education Graduates in Sciences
w
% of graduates in ICT, Engineering, Math & Natural Sciences
Foreign tertiary-level students per 1000 inhabitants meets the needs of a competitive economy meets the needs of the business community are meeting the needs of enterprises
Language skills
5
4.49 number 481 Average
Student mobility inbound
18 30
Educational assessment - PISA
PISA survey of 15-year olds
63
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