IMD World Talent Report 2023

Talent Ranking 2023

VENEZUELA

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

Overall

48

62

50

Investment & Development

60

57

59 58

60 59 58

63

Appeal

62 60 63 61

62 61

63

64 63

61

Readiness

Investment & Development Total public expenditure on education

Value

2023 Rank

1.5 %

64

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Percentage of GDP

- US$ - ratio - 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

- - -

4.21 Survey [0..10] 4.98 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

56 58 53 64

meets the needs of society Percentage of total labor force is a high priority in companies

39.31 %

1.33 Survey [0..10]

w

Appeal

Value

2023 Rank

Cost-of-living index

- index

-

Index of a basket of goods & services in the main city

6.18 Survey [0..10] 4.46 Survey [0..10] 1.86 Survey [0..10] 1.86 Survey [0..10] 1.65 Survey [0..10]

Attracting and retaining talents

50 59 63 64 64 59 64 40 50 63 52 61 60 61 64 60 59 64 - -

is a priority in companies

Worker motivation

in companies is high

Brain drain Quality of life

does not hinder competitiveness in your economy

w

is high

Foreign highly skilled personnel Remuneration of management Collected personal income tax

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

23,610 US$

- %

0.84 Survey [0..10] 15.53 micrograms

Justice

w

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

18.76 US$

Statutory gross monthly minimum wage

Readiness

Value -2.31 %

2023 Rank

Labor force growth

Percentage change is readily available are readily available

4.25 Survey [0..10] 4.35 Survey [0..10] 4.25 Survey [0..10] 3.65 Survey [0..10] 2.18 Survey [0..10] 4.04 Survey [0..10] 4.77 Survey [0..10] 2.84 Survey [0..10] - %

Skilled labor Finance skills

International experience

of senior managers is generally significant

Competent senior managers Primary and secondary education

are readily available

w

meets the needs of a competitive economy

University education Management education Graduates in Sciences

% 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

- number - Average

Student mobility inbound

- -

Educational assessment - PISA

PISA survey of 15-year olds