Index of Human Capital per Person for Bolivarian Republic of Venezuela
HCIYISVEA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.89
Year-over-Year Change
18.25%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for Bolivarian Republic of Venezuela measures the country's stock of human capital, which is a key driver of 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 per person in Venezuela, calculated based on years of schooling and returns to education. It is used by economists and policymakers to assess the quality of the country's labor force and its potential for productivity gains.
Methodology
The data is calculated by the World Bank using educational attainment and returns to education.
Historical Context
The index provides important context for evaluating Venezuela's economic and social progress.
Key Facts
- Venezuela's human capital index was 2.36 in 2017.
- The index has declined since the early 2000s.
- Human capital is a key driver of economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Bolivarian Republic of Venezuela measures the country's stock of human capital, which includes the knowledge, skills, and health embodied in the population.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for economists and policymakers as it provides insight into Venezuela's labor force quality and potential for productivity gains, which are key drivers of economic growth and 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 human capital index is used by economists and policymakers to assess Venezuela's economic and social progress, and to inform policies aimed at improving labor force quality and productivity.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in data availability.
Related Trends
Population for Greece
POPTTLGRA148NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Dominica
RGDPESDMA666NRUG
Expenditure-side Real GDP at Chained Purchasing Power Parities for Thailand
RGDPESTHA666NRUG
Output-side Real GDP at chained Purchasing Power Parities for Jamaica
RGDPOSJMA666NRUG
Average Annual Hours Worked by Persons Engaged for Thailand
AVHWPETHA065NRUG
Output-side Real GDP at chained Purchasing Power Parities for Brazil
RGDPOSBRA666NRUG
Citation
U.S. Federal Reserve, Index of Human Capital per Person for Bolivarian Republic of Venezuela (HCIYISVEA066NRUG), retrieved from FRED.