Developed countries dominate in 2015 Human Capital Index, China ranks 64th: WEF

Developed countries have dominated the rankings of the Human Capital Index in 2015, with China ranked 64th out of 124 economies, according to the World Economic Forum's (WEF) Human Capital Report released Wednesday.

The index aims at assessing the outcome of past and present investments in human capital and offering insights into what a country's talent base will look like in the future.

It evaluated the levels of education, skills and employment available to people in five distinct age groups, starting from under 15 years to over 65 years.

Globally, Finland topped the rankings of the Human Capital Index in 2015, scoring 86 percent of its human capital, followed by Norway, Switzerland, Canada and Japan.

Sweden, Denmark, the Netherlands, New Zealand and Belgium also seized the places in the top 10 list.

Among other large advanced economies, France is in 14th position, while the United States is in 17th position, scoring just under 80. Britain holds the 19th spot and Germany 22nd.

China ranked 64th out of a total of 124 economies, optimizing 67 percent of its human capital.

According to the index, China's under-15 group and 15-24 group maintained their competitiveness over the human capital, ranked 55th and 58th respectively. However, China's 25-54 group and 55-64 group are in 61th and 83th position.

Among other BRICS nations, Russia ranked 26th and Brazil is in 78th place, followed by South Africa (92) and India (100).

"Talent, not capital, will be the key factor linking innovation, competitiveness and growth in the 21st century. To make any of the changes necessary to unlock the world's latent talent we must look beyond campaign cycles and quarterly reports," said Klaus Schwab, founder and executive chairman of the WEF. Endit