Index of Human Capital per Person for Iceland
HCIYISISA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.28
Year-over-Year Change
9.96%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Iceland measures the level of human capital per person in the country. This metric is important for economists and policymakers to assess the quality and productivity of Iceland's workforce.
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 Iceland represents the level of knowledge, skills, and health embodied in the Icelandic population. It is a composite indicator used to evaluate a country's capacity for economic growth and development.
Methodology
The data is calculated by the Penn World Table research project based on educational attainment and labor market returns.
Historical Context
This index provides insight into Iceland's human capital, which is a key factor in economic and policy decisions.
Key Facts
- Iceland's index value was 3.58 in 2019.
- The index has steadily increased over the past two decades.
- Iceland ranks highly among OECD countries for human capital investment.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Iceland measures the level of knowledge, skills, and health embodied in the Icelandic population.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Iceland's economic growth potential and the quality of its workforce.
Q: How is this data collected or calculated?
A: The data is calculated by the Penn World Table research project based on educational attainment and labor market returns.
Q: How is this trend used in economic policy?
A: This index provides insight into Iceland's human capital, which is a key factor in economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some lags in reporting the latest figures.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Iceland (HCIYISISA066NRUG), retrieved from FRED.