Index of Human Capital per Person for Greece
HCIYISGRA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
9.00%
Date Range
1/1/1951 - 1/1/2019
Summary
The Index of Human Capital per Person for Greece measures the level of human capital per person in the country. This metric is important for economists and policymakers to assess the quality of Greece's labor force and potential for long-term economic growth.
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 Greece represents the amount of human capital per person, which encompasses the knowledge, skills, and health of the population. This data point is used to evaluate the productive capacity and development potential of Greece's workforce.
Methodology
The index is calculated by the Penn World Table using data on years of schooling and returns to education.
Historical Context
This metric informs analyses of Greece's economic competitiveness and helps guide human capital investment policies.
Key Facts
- Greece's human capital index was 2.78 in 2019.
- The index has increased by 23% since 2000.
- Greece ranks 39th globally in human capital per person.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Greece measures the level of human capital, which encompasses the knowledge, skills, and health of the population, per person in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for evaluating Greece's labor force quality and assessing the country's potential for long-term economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The index is calculated by the Penn World Table using data on years of schooling and returns to education.
Q: How is this trend used in economic policy?
A: This metric informs analyses of Greece's economic competitiveness and helps guide human capital investment policies.
Q: Are there update delays or limitations?
A: The human capital index data is published annually with a lag, and may not fully capture rapid changes in education or skill levels.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Greece (HCIYISGRA066NRUG), retrieved from FRED.