Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Barbados
BARTERICMP25UPZSBRB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.14
Year-over-Year Change
78.33%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the percentage of Barbados' population aged 25 and older with some form of tertiary education, including both incomplete and completed tertiary degrees. It is an important indicator of a country's human capital and educational attainment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Barro-Lee dataset tracks educational attainment across countries over time. This specific series looks at the total share of the Barbados population aged 25 and above who have pursued any level of tertiary schooling, from incomplete programs to full degrees. Economists use this metric to assess a country's skill levels and investments in higher education.
Methodology
The data is collected through surveys and censuses conducted by national statistical agencies.
Historical Context
Policymakers and analysts monitor tertiary education trends to understand a country's human capital development and future economic potential.
Key Facts
- Barbados has one of the highest tertiary education rates in the Caribbean region.
- Tertiary attainment in Barbados has risen from 6.2% in 1950 to 22.7% in 2010.
- Women in Barbados have higher tertiary education rates than men.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Barbados' population aged 25 and older who have completed or partially completed a tertiary education program, such as a university degree.
Q: Why is this trend relevant for users or analysts?
A: Tertiary education attainment is an important indicator of a country's human capital and skill levels, which are key drivers of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and censuses conducted by Barbados' national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor tertiary education trends to assess a country's investments in higher learning and the quality of its future workforce.
Q: Are there update delays or limitations?
A: The Barro-Lee dataset is updated infrequently, with the latest data point for Barbados being from 2010.
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Citation
U.S. Federal Reserve, Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Barbados (BARTERICMP25UPZSBRB), retrieved from FRED.