IMD World Talent Report 2023

Talent Ranking 2023

MONGOLIA

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

Overall

64

55

56

Investment & Development

61

59

59

61 60 59

60

64

61

Appeal

62

64 63

63

63

63

Readiness

Investment & Development Total public expenditure on education

Value 4.0 %

2023 Rank

47 60 63 56 54 26 31 62 30 63 59 63 60 61 18 63 57 45 57 63 64 62 64 58 32 64 62 57 50 -

Percentage of GDP

617 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

31.70 ratio 20.00 ratio

w

4.25 Survey [0..10] 6.46 Survey [0..10]

Health infrastructure Female labor force Apprenticeships Employee training

u u

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

46.40 %

2.18 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

- index

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

7.09 Survey [0..10] 4.11 Survey [0..10] 2.53 Survey [0..10] 2.35 Survey [0..10] 3.09 Survey [0..10]

Attracting and retaining talents

u

is a priority in companies

Worker motivation

in companies is high

Brain drain Quality of life

does not hinder competitiveness in your economy

w

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

5,295 US$

2.65 %

u

2.39 Survey [0..10] 32.62 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

147.40 US$

Statutory gross monthly minimum wage

Readiness

Value -0.30 %

2023 Rank

Labor force growth

Percentage change is readily available are readily available

2.81 Survey [0..10] 3.61 Survey [0..10] 4.14 Survey [0..10] 3.07 Survey [0..10] 3.72 Survey [0..10] 3.12 Survey [0..10] 4.07 Survey [0..10] 4.67 Survey [0..10]

Skilled labor Finance skills

w

International experience

of senior managers is generally significant

Competent senior managers Primary and secondary education

w

are readily available

meets the needs of a competitive economy

23.15 %

University education Management education Graduates in Sciences

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

w

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

0.69 number

Student mobility inbound

- Average

Educational assessment - PISA

-

PISA survey of 15-year olds

79