IMD World Talent Report 2023

Talent Ranking 2023

GERMANY

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

Overall

5

12

7

Investment & Development

12

9

9

9

10 11

10

11

11

12

12

5

Appeal

13

14

16

16

Readiness

Investment & Development Total public expenditure on education

Value

2023 Rank

4.5 %

40 17 36 40

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Percentage of GDP

10,983 US$ 14.80 ratio 12.57 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

8.14 Survey [0..10] 7.58 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

2 3

u u

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

46.57 %

30 13

7.59 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

82.15 index

46 16 14 20

w

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

7.64 Survey [0..10] 6.87 Survey [0..10] 5.85 Survey [0..10] 8.84 Survey [0..10] 5.79 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

7

is high

Foreign highly skilled personnel Remuneration of management Collected personal income tax

25

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

303,570 US$

3

u w u

10.52 %

51

8.29 Survey [0..10] 10.40 micrograms

Justice

6

is fairly administered

Statutory minimum wage Exposure to particle pollution

19 11

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

1,821.77 US$

Statutory gross monthly minimum wage

Readiness

Value

2023 Rank

Labor force growth

-1.11 %

60 54 27 16 34 10

w w

Percentage change is readily available are readily available

3.91 Survey [0..10] 6.55 Survey [0..10] 6.31 Survey [0..10] 5.61 Survey [0..10] 7.49 Survey [0..10] 7.88 Survey [0..10] 7.25 Survey [0..10] 7.23 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

35.82 %

University education Management education Graduates in Sciences

4 8

u

% 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

13 23 20 18

Language skills

4.43 number 500 Average

Student mobility inbound

Educational assessment - PISA

PISA survey of 15-year olds

59