IMD World Talent Report 2023

Talent Ranking 2023

LUXEMBOURG

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

3 2

2 4

Overall

7 5 3

3 5

2

5 4

Investment & Development

2

4

17

Appeal

19

23

24

24

Readiness

25

Investment & Development Total public expenditure on education

Value 4.7 %

2023 Rank

36

Percentage of GDP

31,514 US$

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

1 3

u u

8.99 ratio 9.53 ratio

10 28 16 51 10

5.33 Survey [0..10] 6.76 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

40.98 %

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7.76 Survey [0..10]

Appeal

Value 78.62 index

2023 Rank

Cost-of-living index

40

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

8.03 Survey [0..10] 6.23 Survey [0..10] 5.68 Survey [0..10] 8.77 Survey [0..10] 7.24 Survey [0..10]

Attracting and retaining talents

8

is a priority in companies

Worker motivation

28 22

in companies is high

Brain drain Quality of life

does not hinder competitiveness in your economy

8 9 8

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

263,271 US$

10.12 %

49 20 12

w

7.26 Survey [0..10] 8.67 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

2,436.10 US$

4

u

Statutory gross monthly minimum wage

Readiness

Value 3.17 %

2023 Rank

Labor force growth

16 55 28 42 29 50 34 29 5

Percentage change is readily available are readily available

3.88 Survey [0..10] 6.39 Survey [0..10] 7.35 Survey [0..10] 5.05 Survey [0..10] 6.55 Survey [0..10] 6.30 Survey [0..10] 6.61 Survey [0..10] 8.63 Survey [0..10]

Skilled labor Finance skills

w

International experience

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of senior managers is generally significant

Competent senior managers Primary and secondary education

are readily available

meets the needs of a competitive economy

19.24 %

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

4

u

5.75 number 477 Average

Student mobility inbound

12 34

Educational assessment - PISA

PISA survey of 15-year olds

76