Index of Human Capital per Person for Belgium
HCIYISBEA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.15
Year-over-Year Change
2.30%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Belgium measures the value of the knowledge, skills, and health embodied in the Belgian population. It is a key indicator of a country's economic potential and development.
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
This index represents the average human capital per person in Belgium, calculated based on years of schooling and returns to education. It is used by economists and policymakers to assess a country's capacity for innovation, productivity, and long-term growth.
Methodology
The data is calculated by the World Bank using educational attainment levels and estimates of the returns to education.
Historical Context
The human capital index is crucial for evaluating a country's economic competitiveness and guiding policies to enhance workforce skills and knowledge.
Key Facts
- Belgium's human capital index was 0.77 in 2017.
- The index has steadily increased over the past two decades.
- Higher human capital is linked to greater innovation and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Belgium measures the value of the knowledge, skills, and health embodied in the Belgian population.
Q: Why is this trend relevant for users or analysts?
A: The human capital index is a key indicator of a country's economic potential and development, used by economists and policymakers to assess workforce capacity and guide policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using educational attainment levels and estimates of the returns to education.
Q: How is this trend used in economic policy?
A: The human capital index is crucial for evaluating a country's economic competitiveness and guiding policies to enhance workforce skills and knowledge.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture all aspects of human capital development.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Belgium (HCIYISBEA066NRUG), retrieved from FRED.