Competitividade '2016: Desafios para Portugal
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Transcript of Competitividade '2016: Desafios para Portugal
IMD World Competitiveness Center
2016 IMD World Competitiveness Yearbook: Portugal
Christos CabolisChief Economist, IMD World Competitiveness Center
IMD & The World Competitiveness Center
Leading Global Business School
The IMD World Competitiveness Center (WCC) - Publisher of the annual IMD World Competitiveness Yearbook (since 1989)
IMD Definition of Competitiveness
“the extent to which a country is able to facilitate an environment in which enterprises can generate sustainable value,”
…sustainable value creation is the long term capacity of enterprises to remain profitable, create fulfilling jobs, while minimizing the environmental impact of their activities
Economic Performance
GovernmentEfficiency
BusinessEfficiency
Infrastructure
Domestic Economy International Trade International Investment Employment Prices
Public Finance Fiscal Policy Institutional Framework Business Legislation Societal Framework
Productivity Labor Market Finance Management Practices Attitudes and Values
Basic Technological Scientific Health & Environment Education
OVERALLRANKING
2/3s Statistics
Competitiveness that can be measured!
The emphasis on HARD FACTS
ensures objectivity and transparency
342 Criteria 20 Sub-Factors 4 Factors Overall Ranking
1/3 Survey
Competitiveness as it is perceived!
Over 6,200 respondents
Competitiveness Breakdown:Methodology / Overall Ranking
Economic Performance
GovernmentEfficiency
BusinessEfficiency
Infrastructure
Domestic Economy International Trade International Investment Employment Prices
Public Finance Fiscal Policy Institutional Framework Business Legislation Societal Framework
Productivity Labor Market Finance Management Practices Attitudes and Values
Basic Technological Scientific Health & Environment Education
OVERALLRANKING
48th
28th
46th
48th
4333425515
3946504935
3833322117
2/3s Statistics
Competitiveness that can be measured!
The emphasis on HARD FACTS
ensures objectivity and transparency
342 Criteria 20 Sub-Factors 4 Factors Overall Ranking
39thOut of 61
1/3 Survey
Competitiveness as it is perceived!
Over 5,400respondents
Competitiveness Breakdown: PortugalMethodology / Overall Ranking
5746392231
Competitiveness Landscape: Portugal2016 & 2015
Portugal 2016 43 33 42 55 15 57 46 39 22 31 39 46 50 49 35 38 33 32 21 17Portugal 2015 44 36 22 54 21 52 41 33 14 31 42 47 47 52 38 36 30 32 23 15
+1
+3
-20
-1
+6
-5
-5
-6
-8
-
+3
+1 -3+3
+3 -2
-3-
+2
-2
Dom
estic
Eco
nom
y
Inte
rnat
iona
l Tra
de
Inte
rnat
iona
l Inv
estm
ent
Empl
oym
ent
Pric
es
Publ
ic F
inan
ce
Fisc
al P
olicy
Inst
itutio
nal F
ram
ewor
k
Busin
ess
Legi
slatio
n
Soci
etal
Fram
ewor
k
Prod
uctiv
ity &
Effi
cien
cy
Labo
r M
arke
t
Fina
nce
Man
agem
ent
Prac
tices
Att
itude
s an
d Va
lues
Basic
Infra
stru
ctur
e
Tech
nolo
gica
l Inf
rast
ruct
ure
Scie
ntifi
c In
fras
truc
ture
Hea
lth a
nd E
nvir
onm
ent
Educ
atio
n
Economic Performance Government Efficiency InfrastructureBusiness Efficiency
Overall
2628
4846
3448
4548
3639
Portugal 2016
Portugal 2016
Portugal 2016
Portugal 2016
Portugal 2016
Portugal 2015
Portugal 2015
Portugal 2015
Portugal 2015
Portugal 2015
2015 2015 2015 2015
Attitudes & Values: 35th
International Trade: 33rd
Business legislation: 22nd
Education: 17th
Health: 21st
Key Strengths 2016: Portugal
Export Concentration by product 6th Start up days 4th
Start up procedures 6th
Public Expenditure on Education per pupil 3rd
Tariff Barriers
15th
Language Skills12th
Green Technology 4th Medical Assistance11th
Flexibility & Adaptability
15thNational Culture
11th
Key Challenges 2016: Portugal
Maintain public deficit reduction trend and foster public/private debt reduction.
Promote a healthy and well-capitalised banking system.
Attract and retain foreign investment, particularly through stable fiscal policies.
Improve qualifications and promote labour market reforms that favour merit and flexibility.
Boost productivity and keep up a sustainable trade balance surplus.
Provided by: Porto Business School
Key Attractiveness Indicators 2014 - 2016The Top Perceptions of Portuguese Executives
2014 2015 2016
From a list of 15 indicators, respondents of the Executive Opinion Survey select the five that they perceived as the key attractiveness factors of their economy. The chart shows the percentage of responses for the top choices over three years.
Openness is correlated with competitiveness. We argue it is a key driver.
Competitiveness and Trade Openness
Most competitive – rolling averages – Least competitive
Trade as a % GDP Protectionism does not impair business [Survey]
IMD World Talent Report: Portugal2013 - 2015
Portugal
Rank 2015
of 61
2511
38
OverallInvestment & Development
Appeal
33Readiness
11
2011
Talent Factor 1: : PortugalInvestment and Development
Criteria Value 2015 Rank
Total Public Expenditure on Education Percentage of GDP 6.77 % 5
Public Expenditure on Education per Pupil (Secondary) Percentage of GDP per capita 36.31 % 3
Pupil-Teacher Ratio (Primary Education) Ratio of students to teaching staff 11.87 Ratio 11
Pupil-Teacher Ratio (Secondary Education) Ratio of students to teaching staff 8.56 Ratio 4
Apprenticeships Are sufficiently implemented 4.63 Survey 33
Employee Training Is a high priority in companies 4.41 Survey 57
Female Labor Force Percentage of total labor force 48.69 % 6
Health Infrastructure Meets the needs of society 7.09 Survey 22
Factor 1 : Investment and Development
Talent Factor 2: : PortugalAppeal
Criteria Value 2015 Rank
Cost-of-Living Index Index of a basket of goods & services 78.70 Index 24
Attracting and Retaining Talents Is a priority in companies 5.70 Survey 49
Worker Motivation Is high 5.05 Survey 44
Brain Drain Does not hinder competitiveness in your economy 3.67 Survey 46
Quality of Life Is high 7.24 Survey 26
Foreign High-Skilled People Are attracted to your country's business environment 4.36 Survey 43
Remuneration in Services Professions Gross annual income including supplements such as bonuses 26,400 US$ 28
Remuneration of Management Total base salary plus bonuses and long-term incentives 177,599 US$ 29
Effective Personal Income Tax Rate Percentage of an income equal to GDP per capita 17.65 % 33
Personal Security and Private Property Rights Are adequately protected 8.08 Survey 21
Factor 2 : Appeal
Talent Factor 3: : PortugalReadiness
Criteria Value 2015 Rank
Labor Force Growth Percentage change -1.12 % 55
Skilled Labor Is readily available 5.74 Survey 28
Finance Skills Are readily available 5.60 Survey 45
International Experience Of senior managers is generally significant 4.18 Survey 57
Competent Senior Managers Are readily available 4.11 Survey 50
Educational System Meets the needs of a competitive economy 6.16 Survey 20
Science in Schools Is sufficiently emphasized 5.40 Survey 28
University Education Meets the needs of a competitive economy 6.95 Survey 16
Management Education Meets the needs of the business community 7.38 Survey 7
Language Skills Are meeting the needs of enterprises 8.11 Survey 10
Student Mobility Inbound Foreign tertiary-level students per 1000 inhabitants 1.76 Number 29
Educational Assessment - PISA PISA survey of 15-year olds 487.0 Value 30
Factor 3 : Readiness
More Information?
IMDwww.imd.org
IMD World Competitiveness Center www.imd.org/[email protected]
Thank you for Your Attention