Index of Human Capital per Person for Malaysia
HCIYISMYA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.08
Year-over-Year Change
10.35%
Date Range
1/1/1955 - 1/1/2019
Summary
The Index of Human Capital per Person for Malaysia measures the stock of human capital in the country, which is a key factor in economic growth and development.
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 an average person in Malaysia, calculated based on years of schooling and returns to education. It is used by economists and policymakers to assess the quality of the labor force and the country's potential for long-term economic progress.
Methodology
The data is calculated by the World Bank using an education-based methodology.
Historical Context
This index provides important insights for Malaysia's economic and social policies.
Key Facts
- Malaysia's Index of Human Capital per Person was 2.58 in 2017.
- The index has steadily increased over the past two decades.
- Higher human capital is linked to greater productivity and earnings.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Malaysia measures the stock of human capital in the country, which includes factors like education and skills.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding Malaysia's economic potential and the quality of its labor force, which are key drivers of long-term 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: Policymakers in Malaysia use this index to inform decisions on education, workforce development, and other policies aimed at building human capital and boosting the country's economic prospects.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Malaysia (HCIYISMYA066NRUG), retrieved from FRED.