Countries that have the best workforce
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The key for the future of any country and any institution lies in the talent, skills and capabilities of its people.
To find out the countries that are best poised to leverage its citizens, World Economic Forum has come up with Human Capital Report. The study ranks the best workforce based on the countries’ education, healthcare system, and work environment.
India
India lacks behind and ranks 78 out of 122 countries that were assessed. India is behind its Asia peers such as Vietnam, Philippines, Indonesia, Sri Lanka, Thailand, and China.
It ranks India’s education system at 63, healthcare at 112 and enabling environment at 67.
China
China ranks 43 just above Thailand (ranked 44). The report china’s education system at 58, healthcare at 65 and enabling environment at 47.
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Photographs: Reuters
Countries that have the best workforce
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Ireland
Rank: 20
Score: 0.824
Contribution of services and high-tech industry to Ireland’s economy are on a rise. As of now it depends on trade, industry and investment sectors.
It is also one of the wealthiest countries in terms of per capita GDP and has one of the best quality of life.
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Image: A statue of Britain's Queen Victoria at Belfast's City Hall stands close to a new 60-metre high Ferris wheel attraction, in Belfast, Northern Ireland.
Photographs: Jonathan Saul/Reuters
Countries that have the best workforce
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Australia
Rank: 19
Score: 0.831
Australia is one of the biggest economies in the world in terms of nominal GDP and per capita GDP. The country has a highly developed services sector, which contributes 68 per cent to the economy.
Australia also has a big mining industry, which contributes about 9 per cent to the country’s GDP.
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Image: A statue which depicts miners striking gold stands in front of the Perth Mint.
Photographs: Tim Wimborne/Reuters
Countries that have the best workforce
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Qatar
Rank: 18
Score: 0.834
Qatar has a petrol economy. The fossil fuel contributes about 60 per cent to the country’s GDP. Thanks to this, Qatar per capita GDP is one of the highest in the world.
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Image: A view of Doha, Qatar
Photographs: Fadi Al-Assaad/Reuters
Countries that have the best workforce
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Luxembourg
Rank: 17
Score: 0.881
The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Just like Qatar, Luxembourgers enjoy the one of the highest per capita GDP in the world.
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Image: The Petrusse river is seen in this general view of the city of Luxembourg.
Photographs: Francois Lenoir/Reuters
Countries that have the best workforce
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United States
Rank: 16
Score: 0.920
US is the largest economy in the world in terms of nominal GDP and ranks high in Purchasing Power Parity.
The US has abundant natural resources, a well-developed infrastructure, and high productivity.
Of the world's 500 largest companies, 132 are headquartered in the US. This is twice compared to any other country. And it also has one of the biggest and most influential financial market.
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Image: A Marine helicopter lifts off from the East Front of the U.S. Capitol Building in Washington.
Photographs: Jason Reed/Reuters
Countries that have the best workforce
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Japan
Rank: 15
Score: 0.948
It is the third largest economy in the world and also second most developed country. Some of the biggest industries in the country include automobile and electronics.
It regularly features as the most innovative country list and has one of the largest patent filings.
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Image: People are reflected on a window as they walk through Tokyo's Akihabara district in Tokyo.
Photographs: Yuriko Nakao/Reuters
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Iceland
Rank: 14
Score: 0.957
Iceland has a mixed economy with high levels of free trade but some sector still has government intervention. Being a small economy, it is also quite volatile.
Most of the people in Iceland are employed in services-related job followed by industry.
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Image: An aerial picture shows part of Europe's biggest glacier Vatnajokull, in south-eastern Iceland
Photographs: Stoyan Nenov/Reuters
Countries that have the best workforce
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Austria
Rank: 13
Score: 0.977
The country has a well-developed social market economy and a high standard of living. According to Wikipedia, Labour movements are particularly strong in Austria and have large influence on labour politics.
One of the biggest contributors to the country’s economy is tourism. Other major industries include construction, machinery, and auto.
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Image: A traditional Fiaker horse carriage passes Burgtheater theatre on Dr-Karl-Lueger-Ring street in Vienna, Austria.
Photographs: Heinz-Peter Bader/Reuters
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New Zealand
Rank: 12
Score: 0.978
New Zealand has a market economy that depends greatly on international trade, mainly with Australia, the European Union, the United States, China, South Korea and Japan.
The main industries in the country include tourism and agriculture. It is also one of the best places to do business according to the World Bank.
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Image: A view of Auckland in New Zealand.
Photographs: Stefan Wermuth/Reuters
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Belgium
Rank: 11
Score: 0.985
Belgium, which has a GDP of $419.6 billion, is a major exporter of dairy products. It also has excellent transportation infrastructure of ports, canals, railways, and highways.
Belgium has few natural resources other than fertile soils and hence it imports raw materials and semi-finished goods that are further processed and re-exported.
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Image: A tourist takes a picture of a model of an English guard in front of a miniature reproduction of the Buckingham Palace in the Mini-Europe park, where all the models are built at a scale of 1:25, in Brussels, Belgium.
Photographs: Laurent Dubrule/Reuters
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Canada
Rank: 10
Score: 0.987
Canada, one of the richest economies in the world, offers high standard of living, excellent infrastructure, and good wages.
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Image: Pengrowth Saddledome stands as one of the icons of the Calgary, Alberta skyline, in Canada.
Photographs: Todd Korol/Reuters
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Denmark
Rank: 9
Score: 1.024
Denmark has a diverse, mixed economy, but one that relies almost entirely on human resources, as there are few mineral resources available, except mature oil and gas wells in the North Sea, according to Wikipedia.
Cooperatives form a large part of some sectors, be it in housing, agriculture or retail. It also has one of the lowest income inequality and ranks high on minimum wages in the world.
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Image: Boats are seen anchored at the 17th century Nyhavn district, home to many shops and restaurants in Copenhagen.
Photographs: Bob Strong/Reuters
Countries that have the best workforce
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United Kingdom
Rank: 8
Score: 1.042
United Kingdom, one of the biggest financial centres in the world, offers high standard of living, excellent infrastructure and good wages.
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Image: St Paul's cathedral and the financial district are seen at dusk in an aerial photograph from The View gallery at the Shard, western Europe's tallest building, in London.
Photographs: Andrew Winning/Reuters
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Norway
Rank: 7
Score: 1.104
Norway, which has some of the biggest oil and gas reserves in the world, has excellent infrastructure, high standard of living and open society.
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Image: Royal Palace is seen at the end of Karl Johans Gate in Oslo.
Photographs: Suzanne Plunkett/Reuters
Countries that have the best workforce
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Germany
Rank: 6
Score: 1.109
Norway, which has some of the biggest oil and gas reserves in the world, has excellent infrastructure, high standard of living and open society.
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Image: Boats are seen floating above the piers on a flooded street in front of the historic skyline of Dresden, along the banks of the river Elbe.
Photographs: Fabrizio Bensch/Reuters
Countries that have the best workforce
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Sweden
Rank: 5
Score: 1.111
Sweden has one of the highest per capita incomes and is one of the least unequal societies in the globe.
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Image: A view of Stockholm in Sweden.
Photographs: Ints Kalnins/Reuters
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Netherlands
Rank: 4
Score: 1.161
The Netherlands, one of the richest countries in the world, is a major exporter of dairy products.
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Image: Cyclists visit a Dutch tulip field in Noordwijk.
Photographs: Michael Kooren/Reuters
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Singapore
Rank: 3
Score: 1.232
One of the most open economies in the world, Singapore is consistently ranked as one of the best places to do business. It has low level of corruption, low taxes and best pro-business policies.
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Image: A view of the financial district in Singapore.
Photographs: David Loh/Reuters
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Finland
Rank: 2
Score: 1.406
Services sector is the largest contributor (65.7 per cent) the economy of Finland, followed by manufacturing and refining.
Some of the biggest industries in the country include electronics, machinery, vehicles and other engineered metal products, forest industry, and chemicals.
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Image: A view of the corner shop of Aleksi in Helsinki, Finland.
Photographs: Axilera/Wikimedia Commons
Countries that have the best workforce
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Switzerland
Rank: 1
Score: 1.455
The economy of Switzerland is one of the world's most stable economies. Its policy of long-term monetary security and political stability has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment, according to Wikipedia.
Because of the country's small size and high labour specialisation, industry and trade are the keys to Switzerland's economic livelihood.
Image: A man cycles during snowfall in Zurich.
Photographs: Arnd Wiegmann/Reuters
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