IMD World Talent Report 2023

Talent Ranking 2023

CYPRUS

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Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

8

Overall

29

17 14

15

17

Investment & Development

24

21

22 23

24 28 30

24

24

40

29

29

Appeal

33 32

34

34

Readiness

40

Investment & Development Total public expenditure on education

Value 5.5 %

2023 Rank

20 28 19 59 57 10 36 12 63 53 34 34 24 52 26 48 26 19 12 40 32 47 47 42 61 28 44 15 6

Percentage of GDP

7,480 US$ 12.30 ratio 8.95 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 w w u

3.69 Survey [0..10] 5.00 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

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

47.75 %

5.84 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

60.60 index

u w w

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

5.27 Survey [0..10] 4.92 Survey [0..10] 4.81 Survey [0..10] 6.92 Survey [0..10] 5.80 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

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

85,236 US$

3.45 %

4.54 Survey [0..10] 13.69 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

916.15 US$

Statutory gross monthly minimum wage

Readiness

Value

2023 Rank

Labor force growth

3.54 %

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Percentage change is readily available are readily available

4.96 Survey [0..10] 6.23 Survey [0..10] 5.08 Survey [0..10] 4.65 Survey [0..10] 5.65 Survey [0..10] 6.69 Survey [0..10] 5.88 Survey [0..10] 7.73 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

meets the needs of a competitive economy

13.11 %

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

16.21 number

Student mobility inbound

3

u

438 Average

Educational assessment - PISA

40

PISA survey of 15-year olds

53