Index of Human Capital per Person for South Africa
HCIYISZAA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.91
Year-over-Year Change
22.67%
Date Range
1/1/1950 - 1/1/2019
Summary
The Index of Human Capital per Person for South Africa measures the level of human capital embodied in the average person in the country. It is an important indicator for economists and policymakers to assess a nation's productive capacity 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
The Index of Human Capital per Person is a metric developed by the World Bank that quantifies the amount of human capital that a person can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where they live. It is a key component for evaluating a country's long-term economic growth potential.
Methodology
The data is calculated by the World Bank using a methodology that considers various factors including expected years of schooling, learning-adjusted years of schooling, and healthy life expectancy.
Historical Context
This index is widely used by economists, international organizations, and policymakers to benchmark human capital development and make informed decisions about investment in education and public health.
Key Facts
- South Africa's human capital index value was 0.44 in 2017.
- The index ranges from 0 to 1, with 1 representing the maximum possible human capital.
- South Africa's index value is below the global average of 0.56.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for South Africa measures the level of human capital embodied in the average person in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for economists and policymakers to assess a nation's productive capacity and long-term economic growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a methodology that considers expected years of schooling, learning-adjusted years of schooling, and healthy life expectancy.
Q: How is this trend used in economic policy?
A: This index is widely used by economists, international organizations, and policymakers to benchmark human capital development and make informed decisions about investment in education and public health.
Q: Are there update delays or limitations?
A: The index is updated periodically by the World Bank, but there may be delays in data availability.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for South Africa (HCIYISZAA066NRUG), retrieved from FRED.