IMD World Talent Report 2023

Talent Ranking 2023

AUSTRALIA

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

4

Overall

5

18

13 16 18

18 17 13

Investment & Development

18 21 14 17

18

16 15

20 22 19 24

13

Appeal

17

Readiness

34

Investment & Development Total public expenditure on education

Value 5.5 %

2023 Rank

18 15 33 33 40 47 16 28 39 23 33 27 10 12 34 57 16 10 18 44 29 46 35 17 44 25 32 39 3

Percentage of GDP

11,127 US$ 14.53 ratio 11.89 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

4.95 Survey [0..10] 5.60 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

47.52 %

6.36 Survey [0..10]

Appeal

Value 78.13 index

2023 Rank

Cost-of-living index

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

7.35 Survey [0..10] 5.89 Survey [0..10] 5.15 Survey [0..10] 8.36 Survey [0..10] 7.03 Survey [0..10]

Attracting and retaining talents

is a priority in companies

Worker motivation

in companies is high

Brain drain Quality of life

does not hinder competitiveness in your economy

u u

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

156,674 US$

12.02 %

w

7.73 Survey [0..10] 8.25 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

2,442.02 US$

Statutory gross monthly minimum wage

Readiness

Value 2.94 %

2023 Rank

Labor force growth

Percentage change is readily available are readily available

4.75 Survey [0..10] 6.38 Survey [0..10] 5.10 Survey [0..10] 5.60 Survey [0..10] 7.14 Survey [0..10] 6.94 Survey [0..10] 6.45 Survey [0..10] 6.22 Survey [0..10]

Skilled labor Finance skills

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International experience

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of senior managers is generally significant

Competent senior managers Primary and secondary education

are readily available

meets the needs of a competitive economy

20.55 %

University education Management education Graduates in Sciences

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% 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

17.86 number

Student mobility inbound

2

u

499 Average

Educational assessment - PISA

20

PISA survey of 15-year olds

41