Index of Human Capital per Person for Latvia
HCIYISLVA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.16
Year-over-Year Change
5.57%
Date Range
1/1/1990 - 1/1/2019
Summary
The Index of Human Capital per Person for Latvia measures the level of human capital per person in the country, which is a key indicator of economic productivity 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
This index represents the amount of human capital embodied in each person, based on measures of the average years of schooling and returns to education. It is used by economists and policymakers to assess Latvia's stock of human capital and its implications for the country's economic development.
Methodology
The data is calculated by the World Bank using educational attainment and returns to education.
Historical Context
The human capital index is an important input for economic analyses and policy decisions related to investment, labor markets, and social welfare.
Key Facts
- Latvia's human capital index value was 0.71 in 2017.
- The index ranges from 0 to 1, with higher values indicating greater human capital per person.
- Human capital is a key driver of economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Latvia measures the level of human capital embodied in the average person in the country.
Q: Why is this trend relevant for users or analysts?
A: The human capital index is a crucial indicator of a country's economic productivity and growth potential, making it relevant for economists, policymakers, and anyone interested in Latvia's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using measures of educational attainment and returns to education.
Q: How is this trend used in economic policy?
A: The human capital index is used to inform economic analyses and policy decisions related to investment, labor markets, and social welfare in Latvia.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent information being available.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Latvia (HCIYISLVA066NRUG), retrieved from FRED.