Index of Human Capital per Person for Romania
HCIYISROA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.27
Year-over-Year Change
7.60%
Date Range
1/1/1960 - 1/1/2019
Summary
The Index of Human Capital per Person for Romania measures the level of human capital embodied in the average Romanian citizen. It is a key indicator for assessing Romania's economic development and potential for future 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
This index represents the human capital per person in Romania, calculated based on years of schooling and returns to education. It provides insights into the productive capacity and skill level of the Romanian population, which is crucial for driving economic progress.
Methodology
The data is calculated by the World Bank using established methodologies for measuring human capital.
Historical Context
Policymakers and economists use this index to evaluate Romania's human capital as an input to economic growth and development.
Key Facts
- Romania's human capital index was 2.31 in 2017.
- The index has steadily increased over the past two decades.
- Human capital is a key driver of economic growth and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Romania measures the level of human capital embodied in the average Romanian citizen, calculated based on years of schooling and returns to education.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the productive capacity and skill level of the Romanian population, which is crucial for driving economic progress and assessing Romania's economic development potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using established methodologies for measuring human capital.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to evaluate Romania's human capital as an input to economic growth and development, informing policy decisions and strategies.
Q: Are there update delays or limitations?
A: The index is updated regularly by the World Bank, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Romania (HCIYISROA066NRUG), retrieved from FRED.