IMD World Talent Report 2023

Talent Ranking 2023

PHILIPPINES

u w

Overall top strengths Overall top weaknesses

OVERALL PERFORMANCE (64 countries)

Rank 2023

2019

2020

2021

2022

2023

31 26

Overall

60

31 33

35

Investment & Development

62

43 47

43

48

55

49

Appeal

60 62 55 51

54

57 62

51

Readiness

61

61

62

Investment & Development Total public expenditure on education

Value

2023 Rank

3.1 %

58 63 59 60 47 37 50 54 25 47 38 52 54 46 32 17 51 48 44 35 44 28 48 34 43 36 25 57 57 9 3

w w w w

Percentage of GDP

367 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

25.19 ratio 24.64 ratio

4.66 Survey [0..10] 5.95 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

41.22 %

3.60 Survey [0..10]

Appeal

Value

2023 Rank

Cost-of-living index

69.45 index

u

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

6.37 Survey [0..10] 5.57 Survey [0..10] 3.37 Survey [0..10] 4.58 Survey [0..10] 4.50 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

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

159,418 US$

2.64 %

u

3.71 Survey [0..10] 20.15 micrograms

Justice

is fairly administered

Statutory minimum wage Exposure to particle pollution

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

147.95 US$

Statutory gross monthly minimum wage

Readiness

Value

2023 Rank

Labor force growth

3.89 %

u u

Percentage change is readily available are readily available

7.08 Survey [0..10] 6.08 Survey [0..10] 5.22 Survey [0..10] 5.89 Survey [0..10] 4.93 Survey [0..10] 5.92 Survey [0..10] 6.35 Survey [0..10] 7.10 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

22.83 %

University education Management education Graduates in Sciences

% 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

u

0.11 number 350 Average

Student mobility inbound

Educational assessment - PISA

w

PISA survey of 15-year olds

84