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Human Capital Report 2015: Austria among the top nations

June 16, 2015

The latest study by the World Economic Forum ranks Austria 11th out of 124 countries examined.

The Human Capital Report by the World Economic Forum evaluates the ability of countries to unlock and nurture human talent through education, as well as developing and applying skills throughout every stage of people's lives. Finland took first place in the Human Capital Index 2015 , achieving 86% out of the possible 100%. It was followed by Norway and Switzerland. Austria achieved a solid 11th place and was one of a group of just 14 nations to surpass the 80% threshold.

The report, which is produced in collaboration with Mercer, examined 124 countries by applying 46 indicators. The level of education, skills and employment of people in five age groups were assessed. The findings strive to evaluate past and current investment in human capital and provide an insight into what a country's talent base will be in the future.

The World Economic Forum (WEF) sees talent rather than capital as the key factor in linking innovation, competitiveness and growth in the 21st century. The index shows that every country - rich and poor alike - still needs to optimise its human capital and develop a new, human-based growth model. The goal is to support businesses, policymakers and the public so that they can make the decisions needed to unlock human capital.