Human Capital Index
The Human Capital Index is a report prepared by the World Bank. The Index measures which countries are best in mobilizing the economic and professional potential of its citizens. The index measures how much capital each country loses through lack of education and health. The Index was first published in October 2018 and ranked 157 countries. The Human Capital Index ranges between 0 and 1, with 1 meaning maximum potential is reached.[1]
In the first rankings, Singapore ranked first on the Human Capital Index.[2] Successive years in 2019 and 2020 also has Singapore leading again among 174 economies.[3]
Methodology[]
The Index is grounded on the following three pillars:[4] The applications to measuring human capital are developed in research by Noam Angrist, Simeon Djankov, Pinelopi Koujianou Goldberg and Harry Patrinos, in an article published in the leading scientific journal Nature. These findings are popularized in a 2021 Vox column.
Survival
- Share of children surviving past the age of 5 in %
School
- Quantity of education (Expected years of schooling by age 18)
- Quality of education (Harmonized test scores)
Health
- Adult survival rates (Share of 15-year-olds who survive until age 60 in %)
- Healthy growth among children (Stunting rates of children under 5 in %)
Human Capital Index (2020)[]
The Human Capital Index was first published as part of the World Bank's World Development Report 2019, directed by Simeon Djankov and Federica Saliola. Nobel Prize winner Paul Romer started the measurement.
Rank | Country | Score (% of potential reached) |
---|---|---|
1 | Singapore | 0.88 |
2 | Hong Kong | 0.81 |
3 | Japan | 0.80 |
4 | South Korea | 0.80 |
5 | Canada | 0.80 |
6 | Finland | 0.80 |
7 | Macao | 0.80 |
8 | Sweden | 0.80 |
9 | Ireland | 0.79 |
10 | Netherlands | 0.79 |
11 | United Kingdom | 0.78 |
12 | Estonia | 0.78 |
13 | New Zealand | 0.78 |
14 | Slovenia | 0.77 |
15 | Norway | 0.77 |
16 | Australia | 0.77 |
17 | Portugal | 0.77 |
18 | France | 0.76 |
19 | Belgium | 0.76 |
20 | Switzerland | 0.76 |
21 | Cyprus | 0.76 |
22 | Denmark | 0.76 |
23 | Poland | 0.75 |
24 | Czech Republic | 0.75 |
25 | Germany | 0.75 |
26 | Austria | 0.75 |
27 | Iceland | 0.75 |
28 | Israel | 0.73 |
29 | Spain | 0.73 |
30 | Italy | 0.73 |
31 | Croatia | 0.71 |
32 | Malta | 0.71 |
33 | Latvia | 0.71 |
34 | Lithuania | 0.71 |
35 | United States | 0.70 |
36 | Belarus | 0.70 |
37 | Greece | 0.69 |
38 | Vietnam | 0.69 |
39 | Luxembourg | 0.69 |
40 | Hungary | 0.68 |
41 | Russia | 0.68 |
42 | Serbia | 0.68 |
43 | United Arab Emirates | 0.67 |
44 | Slovakia | 0.66 |
45 | China | 0.65 |
46 | Bahrain | 0.65 |
47 | Chile | 0.65 |
48 | Turkey | 0.65 |
49 | Qatar | 0.64 |
50 | Albania | 0.63 |
51 | Montenegro | 0.63 |
52 | Seychelles | 0.63 |
53 | Ukraine | 0.63 |
54 | Costa Rica | 0.63 |
55 | Kazakhstan | 0.63 |
56 | Brunei | 0.63 |
57 | Uzbekistan | 0.63 |
58 | Mauritius | 0.62 |
59 | Mongolia | 0.61 |
60 | Bulgaria | 0.61 |
61 | Mexico | 0.61 |
62 | Malaysia | 0.61 |
63 | Thailand | 0.61 |
64 | Oman | 0.61 |
65 | Peru | 0.61 |
66 | Colombia | 0.61 |
67 | Trinidad and Tobago | 0.60 |
68 | Saint Lucia | 0.60 |
69 | Argentina | 0.60 |
70 | Uruguay | 0.60 |
71 | Sri Lanka | 0.60 |
72 | Kyrgyzstan | 0.60 |
73 | Antigua and Barbuda | 0.60 |
74 | Ecuador | 0.59 |
75 | Iran | 0.59 |
76 | Palau | 0.59 |
77 | Saint Kitts and Nevis | 0.59 |
78 | Romania | 0.58 |
79 | Moldova | 0.58 |
80 | Palestine | 0.58 |
81 | Bosnia and Herzegovina | 0.58 |
82 | Armenia | 0.58 |
83 | Azerbaijan | 0.58 |
84 | Saudi Arabia | 0.58 |
85 | Georgia | 0.57 |
86 | Kosovo | 0.57 |
87 | Grenada | 0.57 |
88 | Kuwait | 0.56 |
89 | North Macedonia | 0.56 |
90 | Jordan | 0.55 |
91 | Brazil | 0.55 |
92 | Samoa | 0.55 |
93 | Kenya | 0.55 |
94 | El Salvador | 0.55 |
95 | Dominica | 0.54 |
96 | Indonesia | 0.54 |
97 | Jamaica | 0.53 |
98 | Algeria | 0.53 |
99 | Saint Vincent and the Grenadines | 0.53 |
100 | Tonga | 0.53 |
101 | Paraguay | 0.53 |
102 | Tunisia | 0.52 |
103 | Philippines | 0.52 |
104 | Lebanon | 0.52 |
105 | Fiji | 0.51 |
106 | Nauru | 0.51 |
107 | Nicaragua | 0.51 |
108 | Federated States of Micronesia | 0.51 |
109 | Nepal | 0.50 |
110 | Morocco | 0.50 |
111 | Tajikistan | 0.50 |
112 | Dominican Republic | 0.50 |
113 | Panama | 0.50 |
114 | Guyana | 0.50 |
115 | Egypt | 0.49 |
116 | India | 0.49 |
117 | Kiribati | 0.49 |
118 | Cambodia | 0.49 |
119 | Honduras | 0.48 |
120 | Myanmar | 0.48 |
121 | Bhutan | 0.48 |
122 | Zimbabwe | 0.47 |
123 | Bangladesh | 0.46 |
124 | Guatemala | 0.46 |
125 | Gabon | 0.46 |
126 | Laos | 0.46 |
127 | Vanuatu | 0.45 |
128 | Timor-Leste | 0.45 |
129 | Ghana | 0.45 |
130 | Tuvalu | 0.45 |
131 | Haiti | 0.45 |
132 | Namibia | 0.45 |
133 | Togo | 0.43 |
134 | Papua New Guinea | 0.43 |
135 | South Africa | 0.43 |
136 | Marshall Islands | 0.42 |
137 | Gambia | 0.42 |
138 | Senegal | 0.42 |
139 | Solomon Islands | 0.42 |
140 | Republic of the Congo | 0.42 |
141 | Botswana | 0.41 |
142 | Malawi | 0.41 |
143 | Iraq | 0.41 |
144 | Pakistan | 0.41 |
145 | Comoros | 0.40 |
146 | Lesotho | 0.40 |
147 | Benin | 0.40 |
148 | Afghanistan | 0.40 |
149 | Cameroon | 0.40 |
150 | Zambia | 0.40 |
151 | Madagascar | 0.39 |
152 | Tanzania | 0.39 |
153 | Burundi | 0.39 |
154 | Uganda | 0.38 |
155 | Burkina Faso | 0.38 |
156 | Ethiopia | 0.38 |
157 | Mauritania | 0.38 |
158 | Ivory Coast | 0.38 |
159 | Rwanda | 0.38 |
160 | Sudan | 0.38 |
161 | Yemen | 0.37 |
162 | Eswatini | 0.37 |
163 | Guinea | 0.37 |
164 | Democratic Republic of the Congo | 0.37 |
165 | Sierra Leone | 0.36 |
166 | Angola | 0.36 |
167 | Mozambique | 0.36 |
168 | Nigeria | 0.36 |
169 | Liberia | 0.32 |
170 | Mali | 0.32 |
171 | South Sudan | 0.31 |
172 | Chad | 0.30 |
173 | Niger | 0.29 |
See also[]
References[]
- ^ Edwards, Sophie (2019-04-01). "Q&A: World Bank human capital index gathers momentum". Devex.
- ^ "Human Capital Index 2018" (PDF). International Bank for Reconstruction and Development. The World Bank. 2018.
- ^ "Human Capital". worldbank.org. World Bank. Retrieved 3 September 2021.
- ^ Kraay, Aart (2018-09-25). Methodology for a World Bank Human Capital Index. Policy Research Working Papers. The World Bank. doi:10.1596/1813-9450-8593. hdl:10986/30466.
- ^ "Human Capital". World Bank. Retrieved 2021-04-20.
External links[]
- Economics publications
- International rankings
- Global economic indicators