Index of Human Capital per Person for Botswana
HCIYISBWA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.94
Year-over-Year Change
10.82%
Date Range
1/1/1960 - 1/1/2019
Summary
The Index of Human Capital per Person for Botswana measures the state of human capital development in the country. It is a key indicator for economists and policymakers to assess the quality and productivity of Botswana's workforce.
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 for Botswana is calculated by the Penn World Table project and represents the amount of human capital per person, based on years of schooling and returns to education. It provides valuable insights into the skill level and knowledge base of the Botswanan population, which is crucial for economic growth and development.
Methodology
The index is derived from internationally comparable data on educational attainment and estimates of the returns to education.
Historical Context
Policymakers in Botswana and international organizations use this index to inform decisions on human capital investment and workforce development strategies.
Key Facts
- Botswana's human capital index was 1.68 in 2019.
- The index has steadily increased over the past two decades.
- Botswana ranks among the highest in Africa for human capital development.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Botswana measures the level of human capital, or the knowledge, skills, and health of the population, in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for assessing Botswana's potential for economic growth and development, as human capital is a key driver of productivity and innovation.
Q: How is this data collected or calculated?
A: The index is derived from internationally comparable data on educational attainment and estimates of the returns to education.
Q: How is this trend used in economic policy?
A: Policymakers in Botswana and international organizations use this index to inform decisions on human capital investment and workforce development strategies.
Q: Are there update delays or limitations?
A: The index is updated annually, but there may be lags in data availability from the source.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Botswana (HCIYISBWA066NRUG), retrieved from FRED.