IMD World Talent Report 2023

Talent Ranking 2023

AUSTRIA

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

Overall

4

9

5

6

6 8

8 6

Investment & Development

5

9

10

10

11 12

12

12

13

Appeal

14

15

18

18

Readiness

Investment & Development Total public expenditure on education

Value 4.9 %

2023 Rank

32

Percentage of GDP

12,730 US$ 12.02 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

9

14

9.26 ratio

8 3 1

7.80 Survey [0..10] 7.84 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

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

46.93 %

22 11

7.69 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

85.04 index

51

w u

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

8.46 Survey [0..10] 6.99 Survey [0..10] 5.31 Survey [0..10] 9.60 Survey [0..10] 5.41 Survey [0..10]

Attracting and retaining talents

3

is a priority in companies

Worker motivation

13 25

in companies is high

Brain drain Quality of life

does not hinder competitiveness in your economy

2

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is high

Foreign highly skilled personnel Remuneration of management Collected personal income tax

34

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

275,520 US$

6

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9.65 %

48 23 21

7.12 Survey [0..10] 11.03 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

-

- US$

Statutory gross monthly minimum wage

Readiness

Value

2023 Rank

Labor force growth

1.61 %

36 62 34 20 45 18 13 16 29 8

w w

Percentage change is readily available are readily available

3.05 Survey [0..10] 6.16 Survey [0..10] 6.07 Survey [0..10] 4.78 Survey [0..10] 7.13 Survey [0..10] 7.52 Survey [0..10] 7.19 Survey [0..10] 6.85 Survey [0..10]

Skilled labor Finance skills

International experience

of senior managers is generally significant

Competent senior managers Primary and secondary education

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are readily available

meets the needs of a competitive economy

30.57 %

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

8.51 number 491 Average

Student mobility inbound

7

Educational assessment - PISA

28

PISA survey of 15-year olds

42