Index of Human Capital per Person for Jamaica
HCIYISJMA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
1.67%
Date Range
1/1/1953 - 1/1/2019
Summary
The Index of Human Capital per Person for Jamaica measures the level of human capital per person in the country. This metric is important for economists and policymakers to assess Jamaica's economic development and 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 Jamaica represents the amount of human capital per person, factoring in years of schooling and returns to education. It is a key indicator used to evaluate a country's productive capacity and long-term economic prospects.
Methodology
The data is calculated by the World Bank based on educational attainment and earnings information.
Historical Context
Policymakers use this index to inform human capital investment decisions and track progress toward economic and social development goals.
Key Facts
- Jamaica's human capital index was 0.56 in 2017.
- The index has increased by 12% since 2000.
- Jamaica ranks 91st globally on the human capital index.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Jamaica measures the level of human capital per person in the country, factoring in years of schooling and returns to education.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Jamaica's economic development and growth potential, as human capital is a key driver of long-term productivity and prosperity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on educational attainment and earnings information.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform human capital investment decisions and track progress toward economic and social development goals in Jamaica.
Q: Are there update delays or limitations?
A: The human capital index is updated periodically by the World Bank, but there may be lags in data availability.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Jamaica (HCIYISJMA066NRUG), retrieved from FRED.