Index of Human Capital per Person for Gambia
HCIYISGMA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.68
Year-over-Year Change
19.24%
Date Range
1/1/1960 - 1/1/2019
Summary
The Index of Human Capital per Person for Gambia measures the level of human capital in the country. It is an important economic indicator for understanding a nation's long-term growth potential.
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 Gambia is a measure of the productive capabilities of the population, based on factors like educational attainment and health. It provides insight into a country's capacity for innovation, productivity, and economic development.
Methodology
The index is calculated by the World Bank using a methodology based on years of schooling and returns to education.
Historical Context
Policymakers and analysts use this index to assess Gambia's human capital as a driver of economic growth and competitiveness.
Key Facts
- Gambia's index value was 1.36 in 2017.
- The index has increased by 13% since 2000.
- Gambia ranks 129th globally on the human capital index.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Gambia measures the level of human capital, which represents the productive capabilities of the country's population.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into Gambia's long-term growth potential and economic competitiveness, as human capital is a key driver of innovation and productivity.
Q: How is this data collected or calculated?
A: The index is calculated by the World Bank using a methodology based on years of schooling and returns to education.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess Gambia's human capital as a foundation for economic growth and 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 Gambia (HCIYISGMA066NRUG), retrieved from FRED.