Index of Human Capital per Person for Zambia
HCIYISZMA066NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.69
Year-over-Year Change
22.96%
Date Range
1/1/1955 - 1/1/2019
Summary
The Index of Human Capital per Person for Zambia measures the level of human capital embodied in the average Zambian worker. This indicator is crucial for assessing the productive potential and long-term economic growth prospects of the country.
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 quantifies the amount of knowledge, skills, and health that have been accumulated in the Zambian labor force. It serves as a proxy for labor quality and is a key input for estimating a country's total factor productivity and drivers of economic development.
Methodology
The data is calculated based on average years of schooling and returns to education, as well as health factors.
Historical Context
This index is widely used by economists, policymakers, and international organizations to evaluate Zambia's human capital and formulate policies to enhance workforce productivity.
Key Facts
- Zambia's human capital index was 1.91 in 2019.
- The index has grown by 8% over the past decade.
- Improving human capital is a key priority for Zambia's economic transformation.
FAQs
Q: What does this economic trend measure?
A: The Index of Human Capital per Person for Zambia measures the level of knowledge, skills, and health embodied in the average worker in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of Zambia's productive potential and a key input for assessing the country's long-term economic growth prospects.
Q: How is this data collected or calculated?
A: The data is calculated based on average years of schooling, returns to education, and health factors.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this index to evaluate Zambia's human capital and formulate policies to enhance workforce productivity and economic development.
Q: Are there update delays or limitations?
A: The index is updated annually, but there may be some delays in data availability from the source.
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Citation
U.S. Federal Reserve, Index of Human Capital per Person for Zambia (HCIYISZMA066NRUG), retrieved from FRED.