Economic Research | Lebanon This Week | Lebanon This Week 569 | Lebanon ranks 59th globally, seventh in Arab region in terms of talent competitiveness | Lebanon | Byblos Bank

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Lebanon This Week 569

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Lebanon ranks 59th globally, seventh in Arab region in terms of talent competitiveness

INSEAD's Global Talent Competitiveness Index (GTCI) for 2019 ranked Lebanon in 59th place among 125 countries around the world and in seventh place among 13 countries in the Arab region. Lebanon also came in 11th place among 32 upper middle-income countries (UMICs) included in the 2019 survey. Based on the same set of countries included in the 2018 and 2019 surveys, Lebanon's global rank was unchanged year-on-year.

The GTCI measures a country's ability to attract, develop and retain talent. It assesses the steps and decisions that countries take to develop and acquire talented individuals, as well as a country's ability to provide the set of skills required to have a productive, innovative and competitive economy. A country's score is the simple average of its scores on the six pillars, with a higher score reflecting a better performance in terms of talent competitiveness. 

Globally, the talent level in Lebanon is more competitive than its counterparts in Argentina, Armenia and Botswana, and is less competitive than talent in Kazakhstan, Jordan and the Philippines among economies with a GDP of $10bn or more. Lebanon ranked ahead of Armenia, Botswana and Colombia, and came behind Bulgaria, Kazakhstan and Jordan among UMICs; while it came ahead of Kuwait and behind Jordan in the Arab region. Lebanon received a score of 40.85 points compared to 41.91 points in the 2018 survey. Lebanon's score was lower than the global average score of 43.44 points, but it was higher than the UMIC's average score of 38.9 points and the Arab region's average score of 40.3 points. Also, Lebanon's score was lower than the Gulf Cooperation Council's (GCC) average score of 51.1 points, but was higher than the non-GCC countries' average score of 31.1 points.
 
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