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]

As of the current rankings, Singapore ranks first on the Human Capital Index.[2]

Methodology

The Index is grounded on the following three pillars:[3] The applications to measuring human capital are developed in research by Noam Angrist, Simeon Djankov, Pinelopi Koujianou Goldberg and Harry Patrinos.

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 2018

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 2018[2]
Rank Country Score (% of potential reached)
1  Singapore 0.88
2  South Korea 0.84
3  Japan 0.84
4  Hong Kong 0.82
5  Finland 0.81
6  Ireland 0.81
7  Australia 0.80
8  Sweden 0.80
9  Netherlands 0.80
10  Canada 0.80
11  Germany 0.79
12  Austria 0.79
13  Slovenia 0.79
14  Czech Republic 0.78
15  United Kingdom 0.78
16  Portugal 0.78
17  Denmark 0.77
18  Norway 0.77
19  Italy 0.77
20   Switzerland 0.77
21  New Zealand 0.77
22  France 0.76
23  Israel 0.76
24  United States 0.76
25  Macao 0.76
26  Belgium 0.76
27  Serbia 0.76
28  Cyprus 0.75
29  Estonia 0.75
30  Poland 0.75
31  Kazakhstan 0.75
32  Spain 0.74
33  Iceland 0.74
34  Russia 0.73
35  Latvia 0.72
36  Croatia 0.72
37  Lithuania 0.71
38  Hungary 0.70
39  Malta 0.70
40  Slovakia 0.69
41  Luxembourg 0.69
42  Greece 0.69
43  Seychelles 0.68
44  Bulgaria 0.68
45  Chile 0.67
46  China 0.67
47  Bahrain 0.67
48  Vietnam 0.67
49  United Arab Emirates 0.66
50  Ukraine 0.65
51  Mongolia 0.63
52  Mauritius 0.63
53  Turkey 0.63
54  Oman 0.62
55  Malaysia 0.62
56  Albania 0.62
57  Costa Rica 0.62
58  Bosnia and Herzegovina 0.62
59  Montenegro 0.62
60  Qatar 0.61
61  Georgia 0.61
62  Trinidad and Tobago 0.61
63  Argentina 0.61
64  Mexico 0.61
65  Thailand 0.60
66  Ecuador 0.60
67  Romania 0.60
68  Uruguay 0.60
69  Azerbaijan 0.59
70  Colombia 0.59
71  Iran 0.59
72  Peru 0.59
73  Saudi Arabia 0.58
74  Sri Lanka 0.58
75  Moldova 0.58
76  Kyrgyzstan 0.58
77  Kuwait 0.58
78  Armenia 0.57
79  Jordan 0.56
80  Kosovo 0.56
81  Brazil 0.56
82  Palestine 0.55
83  Tuvalu 0.55
84  Philippines 0.55
85  Jamaica 0.54
86  Lebanon 0.54
87  Indonesia 0.53
88  North Macedonia 0.53
89  Tajikistan 0.53
90  Paraguay 0.53
91  Panama 0.53
92  Nicaragua 0.53
93  Algeria 0.52
94  Kenya 0.52
95  Tonga 0.51
96  Tunisia 0.51
97  El Salvador 0.50
98  Morocco 0.50
99  Guyana 0.49
100  Cambodia 0.49
101  Dominican Republic 0.49
102    Nepal 0.49
103  Honduras 0.49
104  Egypt 0.49
105  Kiribati 0.48
106  Bangladesh 0.48
107  Myanmar 0.47
108  Vanuatu 0.47
109  Guatemala 0.46
110  Gabon 0.45
111  Laos 0.45
112  Haiti 0.45
113  Solomon Islands 0.44
114  Zimbabwe 0.44
115  India 0.44
116  Ghana 0.44
117  Namibia 0.43
118  Timor-Leste 0.43
119  Botswana 0.42
120  Republic of the Congo 0.42
121  Senegal 0.42
122  Togo 0.41
123  Comoros 0.41
124  Eswatini 0.41
125  Malawi 0.41
126  South Africa 0.41
127  Benin 0.41
128  Tanzania 0.40
129  Iraq 0.40
130  Gambia 0.40
131  Zambia 0.40
132  Cameroon 0.39
133  Afghanistan 0.39
134  Pakistan 0.39
135  Ethiopia 0.38
136  Papua New Guinea 0.38
137  Uganda 0.38
138  Burundi 0.38
139  Sudan 0.38
140  Madagascar 0.37
141  Guinea 0.37
142  Rwanda 0.37
143  Lesotho 0.37
144  Burkina Faso 0.37
145  Yemen 0.37
146  Democratic Republic of the Congo 0.37
147  Angola 0.36
148  Mozambique 0.36
149  Ivory Coast 0.35
150  Mauritania 0.35
151  Sierra Leone 0.35
152  Nigeria 0.34
153  Liberia 0.32
154  Mali 0.32
155  Niger 0.32
156  South Sudan 0.30
157  Chad 0.29

See also

References
  1. Edwards, Sophie (2019-04-01). "Q&A: World Bank human capital index gathers momentum". Devex.
  2. "Human Capital Index 2018" (PDF). International Bank for Reconstruction and Development. The World Bank. 2018.
  3. 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.
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