DOHA: Qatar ranked top in the Middle East and was placed among the 20 top countries in the world in the first Human Capital Index of the World Economic Forum released last week.
The report highlights that a nation’s human capital endowment — productive skills and capacities — can be a more important determinant of long-term economic success than virtually any other resource.
Qatar, the strongest performer in Mena region is placed 18, and ranks 26 on Education, 7 on Workforce and Employment and 15 on Enabling Environment. However, it fares less well on health and wellness (44), due to high levels of non-communicable diseases, obesity and years spent in poor health.
The UAE (24), Israel (25), Saudi Arabia (39) and Bahrain (40) are next. Tunisia (67), Lebanon (74), Morocco (82) and Egypt (111) occupy some of the lowest positions in the rankings. Yemen is in last place.
The Mena region comprises 15 countries; of which, seven are high income, four are upper–middle income and four are lower-middle income.
The region ranks fourth on Health and Wellness, holds second to last place on the Education and Enabling Environment pillars and is in last place on Workforce and Employment.
Qatar’s high ranking on the Workforce and Employment pillar is due to top rankings on both unemployment indicators and the country’s capacity to retain talent as well as top 10 rankings on the staff training,
Capacity to attract talent, pay related to productivity and Labour force participation (15–64) indicators. Other high scores for education quality and collaboration on the Enabling Environment pillar are also important contributing factors.
The top 10 countries are dominated by the European countries, with eight of the top ten spots occupied by countries from this region. Switzerland (1) tops the list followed by, Finland (2), Singapore (3) Netherlands (4) Sweden (5), Germany (6), Norway (7) and United Kingdom (8) Denmark (9) and Canada (10).
The report is the result of collaboration between teams at the World Economic Forum, Mercer Consulting and Harvard University and consultation with a wide set of constituents from academia, business, government and civil society.