Index of Human Capital per Person for Liberia
HCIYISLRA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.84
Year-over-Year Change
9.00%
Date Range
1/1/1964 - 1/1/2019
Summary
The Index of Human Capital per Person for Liberia measures the level of human capital per person in the country. This indicator is important for economists and policymakers to assess the quality of the labor force and 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 measure of the stock of human capital per person in a given country. It reflects factors such as education, health, and skills that contribute to the productivity and earning potential of the labor force. This metric is used to evaluate a country's development and future economic prospects.
Methodology
The data is calculated by the World Bank using an education-based methodology.
Historical Context
This index is relevant for policymakers and analysts examining Liberia's human capital and potential for economic development.
Key Facts
- Liberia's index value was 1.36 in 2017.
- The index ranges from 0 to 100, with higher values indicating more human capital.
- Liberia's index has increased over time, reflecting improvements in education and health.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Liberia measures the level of human capital, or 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 index is relevant for economists and policymakers to assess Liberia's labor force quality and potential for economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using an education-based methodology.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to evaluate Liberia's human capital and inform policies aimed at improving education, health, and workforce development.
Q: Are there update delays or limitations?
A: The index is updated periodically by the World Bank, but there may be delays in the availability of the latest data.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Liberia (HCIYISLRA066NRUG), retrieved from FRED.