Slovenia Takes the 9th Place in the World Economic Forum’s 2017 Global Human Capital Index

With 73.33 points Slovenia enters the Top-10 among 130 countries included into the Global Human Capital Index in 2017. Last year, Slovenia took the 16th place.

The survey was conducted by the World Economic Forum (WEF). The list of the most successful countries is headed by Norway (77.12 points), Finland (77.07 points) and Switzerland (76.48 points).

The WEF defines human capital as the knowledge and skills that people use to create value in the global economic system. Countries are assessed on a scale of 0 to 100 points in four thematic categories and five age groups (0–14 years, 15–24 years, 25–54 years, 55–64 years, and over 65 years).

The four key criteria for assessing the human capital development:

  1. capacity (formal education);
  2. deployment (application and accumulation of skills through work);
  3. development (formal education of the next generation workforce and continued upskilling and reskilling of existing workers);
  4. know-how (breadth of specialized skills-use at work).

According to the report, only 62% of the total human capital is developed around the world. This means that humanity ignores or wastes an average of 38% of his talent.