Index of Human Capital per Person for Colombia
HCIYISCOA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
12.17%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Colombia measures the level of human capital in the country, which is a key driver of economic growth 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, developed by the Penn World Table, captures the average years of schooling and returns to education in Colombia. It provides a comprehensive measure of the human capital stock, which is an important factor in productivity and innovation.
Methodology
The data is calculated based on years of schooling and returns to education.
Historical Context
This trend is used by economists and policymakers to assess Colombia's human capital and its potential for long-term economic progress.
Key Facts
- Colombia's human capital index was 2.25 in 2019.
- The index has steadily increased over the past two decades.
- Improving human capital is a key policy priority for Colombia's economic growth.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Colombia measures the level of human capital in the country, which captures the average years of schooling and returns to education.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists and policymakers as human capital is a key driver of productivity, innovation, and long-term economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated based on years of schooling and returns to education.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers in Colombia to assess the country's human capital and inform policies aimed at improving education and workforce development.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture the most recent changes in Colombia's human capital.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Colombia (HCIYISCOA066NRUG), retrieved from FRED.