Index of Human Capital per Person for Ecuador
HCIYISECA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.76
Year-over-Year Change
4.72%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Ecuador measures the level of human capital, which reflects the knowledge, skills, and health of the population. It is an important indicator for economists and policymakers to assess a country's economic potential and inform development strategies.
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 of the quality of the labor force in Ecuador. It combines data on education, health, and other factors to provide a comprehensive view of the country's human capital, which is a key driver of economic growth and productivity.
Methodology
The data is calculated by the World Bank using a methodology that considers various aspects of human capital formation.
Historical Context
This index is used by economists, policymakers, and international organizations to evaluate Ecuador's economic competitiveness and guide investments in human capital development.
Key Facts
- Ecuador's human capital index was 0.57 in 2017.
- The index has increased by 13% over the past decade.
- Human capital is a key driver of economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Ecuador measures the level of human capital, which reflects the knowledge, skills, and health of the population.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for economists and policymakers to assess Ecuador's economic potential and inform development strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a methodology that considers various aspects of human capital formation.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and international organizations to evaluate Ecuador's economic competitiveness and guide investments in human capital development.
Q: Are there update delays or limitations?
A: The index is updated periodically by the World Bank, but there may be delays in data availability.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Ecuador (HCIYISECA066NRUG), retrieved from FRED.