Index of Human Capital per Person for the Democratic Republic of the Congo
HCIYISCDA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.68
Year-over-Year Change
4.60%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for the Democratic Republic of the Congo measures the level of human capital, which reflects the knowledge, skills, and health of a country's population. This metric is important for economists and policymakers to assess a nation'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
The Index of Human Capital per Person is a composite measure that captures the quality of a country's labor force. It reflects factors like education, training, and health, which contribute to worker productivity and economic growth. Policymakers use this index to identify opportunities for human capital investment.
Methodology
The data is calculated by the World Bank using a country's years of schooling and returns to education.
Historical Context
This index is a key input for assessing a country's long-term economic outlook and competitiveness.
Key Facts
- The DRC's human capital index score was 0.36 in 2017.
- This places the DRC in the bottom quartile globally for human capital development.
- Improving education and health outcomes could significantly boost the DRC's economic potential.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person measures the level of human capital, which reflects the knowledge, skills, and health of a country's population.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing a nation's economic potential and development, as human capital is a key driver of worker productivity and long-term growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a country's years of schooling and returns to education.
Q: How is this trend used in economic policy?
A: Policymakers use this index to identify opportunities for human capital investment and assess a country's long-term economic outlook and competitiveness.
Q: Are there update delays or limitations?
A: The human capital index is published annually with some delay, and may not fully capture all aspects of a country's human capital development.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for the Democratic Republic of the Congo (HCIYISCDA066NRUG), retrieved from FRED.