IMD World Talent Report 2023

Talent Ranking 2023

ICELAND

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

Overall

3 4

3

3

4

4 6

7 6

7

Investment & Development

8

8

3

10

8

13

Appeal

14

16

17

14

Readiness

18

Investment & Development Total public expenditure on education

Value

2023 Rank

7.7 %

3 4 6

u u

Percentage of GDP

17,456 US$ 10.20 ratio 10.00 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

14 39 30 33 24

4.96 Survey [0..10] 6.33 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

46.10 %

6.67 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

- index

-

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

8.09 Survey [0..10] 7.16 Survey [0..10] 7.07 Survey [0..10] 9.49 Survey [0..10] 5.10 Survey [0..10]

Attracting and retaining talents

6

is a priority in companies

Worker motivation

10

in companies is high

Brain drain Quality of life

6 4

does not hinder competitiveness in your economy

u

is high

Foreign highly skilled personnel Remuneration of management Collected personal income tax

37 51 61 15

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

87,701 US$

w w

14.54 %

7.73 Survey [0..10] 5.64 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

2 2

u u

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

2,594.62 US$

Statutory gross monthly minimum wage

Readiness

Value 4.61 %

2023 Rank

Labor force growth

6 9 4

Percentage change is readily available are readily available

6.54 Survey [0..10] 7.45 Survey [0..10] 5.04 Survey [0..10] 6.21 Survey [0..10] 7.43 Survey [0..10] 7.34 Survey [0..10] 7.31 Survey [0..10] 8.63 Survey [0..10]

Skilled labor Finance skills

International experience

49 24 12 53 17 10

w

of senior managers is generally significant

Competent senior managers Primary and secondary education

are readily available

meets the needs of a competitive economy

18.17 %

University education Management education Graduates in Sciences

w

% 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

5

4.49 number 481 Average

Student mobility inbound

18 30

Educational assessment - PISA

PISA survey of 15-year olds

63