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Human Capital Index

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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]

Methodology

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. The Index is grounded on the following three pillars:[2]

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

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.

List of countries by Human Capital Index 2020[3]
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

  1. ^ Edwards, Sophie (2019-04-01). "Q&A: World Bank human capital index gathers momentum". Devex.
  2. ^ 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.
  3. ^ "Human Capital". World Bank. Retrieved 2021-04-20.
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