Index of Human Capital per Person for Mauritius
HCIYISMUA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.63
Year-over-Year Change
8.91%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Mauritius measures the country's accumulation of skills and knowledge in its population. This key economic indicator helps policymakers assess workforce quality and development 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 human capital index represents the level of human capital that a newborn child can expect to attain given the prevailing conditions in the country. It is a summary measure of the health, education, and skills of the current and future workforce.
Methodology
The data is calculated by the World Bank using a country's educational enrollment rates, quality-adjusted years of schooling, and learning outcomes.
Historical Context
This index is used by economists and policymakers to evaluate a country's economic potential and plan investments in human development.
Key Facts
- Mauritius' human capital index was 0.58 in 2017.
- The index has steadily increased from 0.53 in 1990.
- A higher index indicates greater accumulation of skills and knowledge.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Mauritius measures the accumulation of skills, knowledge, and health in the country's population.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of a country's economic potential and helps policymakers evaluate investments in human development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using educational enrollment rates, quality-adjusted years of schooling, and learning outcomes.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the human capital index to assess a country's workforce quality and plan investments in health, education, and skills training.
Q: Are there update delays or limitations?
A: The human capital index is updated annually, but there may be lags in data availability from some countries.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Mauritius (HCIYISMUA066NRUG), retrieved from FRED.