Index of Human Capital per Person for Turkey
HCIYISTRA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.51
Year-over-Year Change
17.10%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Turkey measures the per capita human capital stock in the country. It is a key indicator for understanding the country's workforce quality and economic 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 Index of Human Capital per Person represents the human capital endowment per person, based on years of schooling and returns to education. It provides insights into the skills and productivity of Turkey's labor force, which is essential for economic growth and development.
Methodology
This index is calculated by the Penn World Table using educational attainment data and estimated returns to education.
Historical Context
Policymakers and economists use this index to assess Turkey's human capital, informing workforce development and education policies.
Key Facts
- Turkey's human capital index was 2.41 in 2019.
- The index has grown steadily from 1.96 in 1990.
- Higher human capital is linked to increased economic output.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Turkey measures the per capita human capital stock, 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 skills and productivity of Turkey's labor force, which is essential for understanding the country's economic potential and informing workforce development policies.
Q: How is this data collected or calculated?
A: The index is calculated by the Penn World Table using educational attainment data and estimated returns to education.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess Turkey's human capital, informing workforce development and education policies.
Q: Are there update delays or limitations?
A: The index is updated annually, with the latest data available through 2019.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Turkey (HCIYISTRA066NRUG), retrieved from FRED.