The World Economic Forum (WEF) has ranked Slovenia 9th out of 130 countries included into the overall ranking of their Global Human Capital Index. Last year, Slovenia was 16th. Norway, Finland and Switzerland are the leaders in this year’s ranking. According to the WEF’s definition, human capital is the knowledge and skills that people possess, which enables them to create value in the global economic system. The survey considered countries according to the efficiency rate of human capital development on a scale from 0 to 100 points taking into account four thematic dimensions and five age groups. The development of human capital can be generally assessed according to four key criteria:
- Capacity (formal education);
- Deployment (application and accumulation of skills through work);
- Development (formal education of the next generation workforce and continued upskilling and reskilling of existing workers);
- Know-how (breadth of specialized skills-use at work).
The age groups of respondents are: 0–14 years, 15–24 years, 25–54 years, 55–64 years, and 65 years and over.
As a result of the ranking procedure, Slovenia received an average score of 73.33, being slightly behind Norway (77.12 points), Finland (77.07 points), and Switzerland (76.48 points).