IMD World Talent Report 2023

Talent Ranking 2023

HONG KONG SAR

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

1

Overall

2

16

3

4

6

Investment & Development

11 14

15

14 13

14 18

16 15

15 18 20

32

Appeal

23

26

6

Readiness

32

32

Investment & Development Total public expenditure on education

Value

2023 Rank

3.7 %

50 11 23 23 25 32

w

Percentage of GDP

11,636 US$ 12.50 ratio 10.81 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

5.58 Survey [0..10] 6.27 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

50.06 %

3

u

7.28 Survey [0..10]

18

Appeal

Value

2023 Rank

Cost-of-living index

121.63 index

61 32 12 37 35 23

w

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

7.07 Survey [0..10] 7.00 Survey [0..10] 4.53 Survey [0..10] 6.84 Survey [0..10] 5.89 Survey [0..10]

Attracting and retaining talents

is a priority in companies

Worker motivation

in companies is high

Brain drain Quality of life

w

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

285,857 US$

5

u

2.86 %

20

8.07 Survey [0..10] 15.00 micrograms

Justice

8

is fairly administered

Statutory minimum wage Exposure to particle pollution

36

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

-

- US$

Statutory gross monthly minimum wage

Readiness

Value

2023 Rank

Labor force growth

-2.43 %

64 30

w

Percentage change is readily available are readily available

5.73 Survey [0..10] 7.58 Survey [0..10] 7.18 Survey [0..10] 6.47 Survey [0..10] 7.02 Survey [0..10] 7.62 Survey [0..10] 7.29 Survey [0..10] 7.24 Survey [0..10]

Skilled labor Finance skills

3 8

u

International experience

of senior managers is generally significant

Competent senior managers Primary and secondary education

18 19

are readily available

meets the needs of a competitive economy

41.11 %

University education Management education Graduates in Sciences

1

u

% of graduates in ICT, Engineering, Math & Natural Sciences

10 11 22 11

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

6.32 number 531 Average

Student mobility inbound

Educational assessment - PISA

3

u

PISA survey of 15-year olds

61