Index of Human Capital per Person for Uruguay
HCIYISUYA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.78
Year-over-Year Change
8.74%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Uruguay measures the level of human capital per person in the country. This metric is crucial for policymakers and economists to assess a country's productive capacity and potential for economic 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
The Index of Human Capital per Person is a measure of the stock of human capital in a country, based on years of schooling and returns to education. It provides insights into the quality of a country's labor force and its capacity for innovation and productivity improvements.
Methodology
The data is calculated by the World Bank using educational attainment and returns to education.
Historical Context
This index is widely used by economists and policymakers to evaluate a country's long-term economic prospects and guide investments in human capital development.
Key Facts
- Uruguay's Index of Human Capital per Person was 0.700 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 long-term economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Uruguay measures the level of human capital, or the knowledge, skills, and health of the population, per person in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to assess a country's productive capacity and potential for economic growth, as human capital is a key driver of long-term economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using educational attainment and returns to education.
Q: How is this trend used in economic policy?
A: The Index of Human Capital per Person is widely used by economists and policymakers to evaluate a country's long-term economic prospects and guide investments in human capital development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential lags in availability.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Uruguay (HCIYISUYA066NRUG), retrieved from FRED.