Index of Human Capital per Person for Kenya
HCIYISKEA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
12.06%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Kenya measures the level of human capital per person in the country. It is an important indicator for economists and policymakers to assess the quality of the Kenyan workforce and its potential for 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 is a metric developed by the World Bank to quantify the knowledge, skills, and health that Kenyan individuals accumulate over their lifetimes. It serves as a proxy for the productivity of the labor force and informs decisions around human capital investment.
Methodology
The data is calculated based on years of schooling and returns to education.
Historical Context
This index is used by the Kenyan government, international organizations, and analysts to evaluate the country's human capital development and its implications for economic policy.
Key Facts
- Kenya's human capital index was 0.38 in 2017.
- The index has increased by 20% since 2000.
- Kenya ranks 94th out of 157 countries on the human capital index.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Kenya measures the level of knowledge, skills, and health embodied in the Kenyan population, which is a key determinant of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of Kenya's economic potential, as human capital is a crucial driver of long-term growth. It informs policymakers and investors about the quality of the Kenyan workforce.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on years of schooling and returns to education in Kenya.
Q: How is this trend used in economic policy?
A: The human capital index is used by the Kenyan government and international organizations to evaluate the country's progress in developing its workforce and to inform decisions around education, healthcare, and labor market policies.
Q: Are there update delays or limitations?
A: The index is updated annually, but there may be a delay of several months before the latest data is available.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Kenya (HCIYISKEA066NRUG), retrieved from FRED.