Index of Human Capital per Person for Fiji
HCIYISFJA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
5.26%
Date Range
1/1/1960 - 1/1/2019
Summary
The Index of Human Capital per Person for Fiji measures the level of human capital in the country, which is a key factor in 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 represents the amount of human capital per person in Fiji, capturing factors such as education, skills, and health. It is used by economists and policymakers to assess the country's capacity for long-term economic progress.
Methodology
The data is calculated based on years of schooling and returns to education.
Historical Context
The index provides insights into Fiji's human capital, which is crucial for the country's economic and social development.
Key Facts
- Fiji's human capital index was 2.36 in 2017.
- The index has increased by 18% since 2000.
- Fiji ranks in the top half of countries globally for human capital per person.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Fiji measures the level of human capital in the country, including factors like education, skills, and health.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for understanding Fiji's capacity for long-term economic growth and development, as human capital is a key driver of economic progress.
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: Policymakers in Fiji and international institutions use this index to assess the country's human capital and inform policies aimed at improving economic and social outcomes.
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 Fiji (HCIYISFJA066NRUG), retrieved from FRED.