(Nov 21): Hong Kong topped Singapore in a tight race for the best of Asia’s talent, according to 2017 rankings released Tuesday by the Switzerland-based Institute for Management Development.

Singapore scored 75.63 versus 77.9 for its regional rival, while both took a big lead against 10 others in Asia, the data show.

Switzerland took top prize in the overall ranking of 63 economies worldwide, with Hong Kong and Singapore at Nos. 12 and 13.

The IMD assesses the ability of a country or territory to develop, attract and retain talent, and measures benchmarks such as health infrastructure, apprenticeships and student mobility, as well as less quantitative indicators, like quality of life and worker motivation.