Luxembourg Ranked among Top 10 in Global Talent Competitiveness Index | #GTCI | Luxembourg (Europe) | Scoop.it

The 2019 Global Talent Competitiveness Index (GTCI) has identified Luxembourg as 10th among 125 countries in the areas of global knowledge skills and attracting and retaining competitiveness.

The recent GTCI identified entrepreneurial talent as a key differentiator in relative talent competitiveness and showed how talent is still drawn to small, high-income economies like Luxembourg. It was in this context that the Grand Duchy ranked 10th in the international country ranking as a highly innovative and entrepreneurial country. This resulted from the country's strength in three key pillars:  attract, retain and global knowledge skills.

As a small country that has built an international reputation as a centre of finance and industry, Luxembourg is one of the leading countries in the world with respect to both talent impact and new product entrepreneurial activity. Luxembourg thus also reached first place internationally in 5 variables: ICT infrastructure, international students, pension system, professionals and new product entrepreneurial activity. Luxembourg excelled as well at retaining its domestic talent (8th in this pillar) and possesses a competitive pool of global knowledge skills (9th) that rests on it being a highly innovative and entrepreneurial country. Luxembourg’s weakest performance concerned its pool of vocational and technical skills, which is dampened by a sub-par ability to match labour market demand and workforce supply.

 

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