Index of Human Capital per Person for Armenia
HCIYISAMA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
1.06%
Date Range
1/1/1990 - 1/1/2019
Summary
The Index of Human Capital per Person for Armenia measures the level of human capital, which reflects skills, knowledge, and health of the population. This metric is important for economists and policymakers to assess the country's economic potential and productivity.
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 Index of Human Capital per Person is a measure developed by the World Bank to quantify the knowledge, skills, and health that individuals accumulate over their lives. It is a key input for evaluating a country's long-term economic growth and development prospects.
Methodology
The data is calculated based on measures of educational attainment and learning outcomes.
Historical Context
This index is widely used by economists, development institutions, and policymakers to inform economic and social policies.
Key Facts
- Armenia's human capital index was 0.575 in 2017.
- The index has increased steadily over the past two decades.
- Higher human capital is linked to greater productivity and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person measures the level of education, skills, and health of Armenia's population. It quantifies the human capital available for economic production.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Armenia's long-term economic potential and informing policies to develop human capital and drive sustainable growth.
Q: How is this data collected or calculated?
A: The data is calculated based on measures of educational attainment and learning outcomes.
Q: How is this trend used in economic policy?
A: The human capital index is widely used by economists, development institutions, and policymakers to inform economic and social policies aimed at improving education, health, and productivity.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Armenia (HCIYISAMA066NRUG), retrieved from FRED.