Croatia Moves Six Places Up on IMD World Talent Ranking 2018

By 20 November 2018

ZAGREB, November 20, 2018 - Croatia moved six places upward to rank 54th in the latest World Talent Ranking, prepared by the International Institute for Management Development (IMD), a business education school located in the Swiss city of Lausanne, the Croatian National Competitiveness Council stated on Tuesday.

The IMD World Talent Ranking is based on countries’ performance in three main categories — investment and development, appeal and readiness. "The three categories assess how countries perform in a wide range of areas. These include education, apprenticeships, workplace training, language skills, cost of living, quality of life, remuneration and tax rates," the IMD World Competitiveness Centre reported.

The report covers all 63 countries in the IMD World Competitiveness Yearbook.

This year, the ranking is again topped by Switzerland, and it is followed by Denmark, Norway, Austria, and the Netherlands. The bottom of the list is occupied Colombia (60th), Mexico (61st), Mongolia (62nd) and Venezuela (63rd).

In its analysis of the latest ranking, the Croatian National Competitiveness Council points out the fact that European countries dominated the ranking, given that 11 European countries are among the top 15.

Broken down by indices, Croatia has the best performance in "the investment in and development of home-grown talent" category where it occupies the 39th place. In this context, Croatia ranks 11th when it comes to government expenditure on education per student, and it occupies the 33rd place in terms of total public expenditure on education measured by percentage of GDP.

Croatia also fares well in the pupil-teacher ratios in primary and secondary education Thus, the ratio of students to teaching staff in primary education, which is 11.70, puts Croatia in the 12th place. The ratio of students to teaching staff in secondary education (of 9.80 ratio), puts the country in the 9th place.

However, Croatia lags behind when it comes to companies' investment in the training of the labour force.

In attracting and retaining talents, Croatia is at the bottom (63rd place).

For more on Croatia’s competitiveness issues, click here.