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An Insight Into How Well are Nations Developing and Deploying Their Human Capital

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Exploring the 2017 Energy Architecture Performance Index Rankings of Nations

World Map Showing Human Capital Index By Country
The World Map Depicts the Human Capital Index by Country

 

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Human capital plays a very significant role in a nation’s economic development. Apart from the productivity of the society, human capital is also very important for the working of a country’s social, political as well as the civic institutions. To measure the ability of each nation to develop, nurture and deploy talent that would lead to its economic growth, the World Economic Forum releases the Human Capital Index. The 2016 Human Capital Index has ranked 130 countries around the world on the basis of how effective they are in developing as well as deploying their human capital. The index has assessed the learning and employment outcomes on a scale which ranges from 0 to 100. while 0 is the worst, 100 is the best. Further, to take into account a nation’s full demographic profile, five age groups have been assessed. These are 0 to 14, 15 to 24, 25 to 54, 55 to 64, and over 65.

The European nation of Finland is the best country in the world in terms of leveraging as well as maximizing the potential of its human capital. According to the 2016 Human Capital Index, Finland occupied the first rank with a score of 85.86. Norway was the second best nation with a score of 84.64, while Switzerland was placed third scoring 84.61. Other countries that had score of more than 80 were Japan, Sweden, New Zealand, Germany, the United Kingdom, France, Australia, and many others.

Meanwhile, the United States, Malaysia, Greece, Bahrain, South Korea and many others were ranked between 70 and 80. Of the BRICS nations, Russia was the best performer with a score of 77.86. India, which is an emerging economy, did not fare well among BRICS nations and had a score of just 57.73.

Nations which were placed at the bottom and had scores of less than 50 were Mali, Nigeria, Chad, Yemen, and Mauritania.

The table provides information on how each country scores on the Human Capital Index.

Rank Country Score
1 Finland 85.86
2 Norway 84.64
3 Switzerland 84.61
4 Japan 83.44
5 Sweden 83.29
6 New Zealand 82.79
7 Denmark 82.47
8 Netherlands 82.18
9 Canada 81.95
10 Belgium 81.59
11 Germany 81.55
12 Austria 81.52
13 Singapore 80.94
14 Ireland 80.79
15 Estonia 80.63
16 Slovenia 80.33
17 France 80.32
18 Australia 80.08
19 United Kingdom 80.04
20 Iceland 79.74
21 Lithuania 79.34
22 Luxembourg 79.28
23 Israel 78.99
24 United States 78.86
25 Czech Republic 78.45
26 Ukraine 78.42
27 Latvia 78.13
28 Russian Federation 77.86
29 Kazakhstan 77.57
30 Poland 77.34
31 Cyprus 76.97
32 Korea, Rep. 76.89
33 Hungary 76.36
34 Italy 75.85
35 Malta 75.66
36 Cuba 75.55
37 Armenia 75.39
38 Romania 74.99
39 Croatia 74.99
40 Slovak Republic 74.94
41 Portugal 74.39
42 Malaysia 74.26
43 Bulgaria 73.66
44 Greece 73.64
45 Spain 72.79
46 Bahrain 72.69
47 Kyrgyz Republic 72.35
48 Thailand 71.86
49 Philippines 71.75
50 Sri Lanka 71.69
51 Chile 71.45
52 Panama 71.18
53 Ecuador 70.84
54 Azerbaijan 70.72
55 Mongolia 70.71
56 Argentina 70.70
57 Serbia 70.54
58 Tajikistan 70.53
59 Macedonia, FYR 70.01
60 Uruguay 69.96
61 Barbados 69.78
62 Costa Rica 69.72
63 Moldova 69.67
64 Colombia 69.58
65 Mexico 69.25
66 Qatar 68.64
67 Jamaica 68.62
68 Vietnam 68.39
69 United Arab Emirates 68.25
70 Albania 68.23
71 China 67.81
72 Indonesia 67.61
73 Turkey 67.57
74 Trinidad and Tobago 67.04
75 Guyana 66.67
76 Mauritius 66.53
77 Bolivia 66.47
78 El Salvador 66.31
79 Peru 66.31
80 Dominican Republic 65.88
81 Jordan 64.70
82 Paraguay 64.62
83 Brazil 64.51
84 Ghana 64.26
85 Iran, Islamic Rep. 64.16
86 Egypt 63.72
87 Saudi Arabia 63.69
88 South Africa 62.97
89 Venezuela 62.94
90 Zambia 62.06
91 Bhutan 61.83
92 Cameroon 61.64
93 Honduras 61.60
94 Guatemala 61.07
95 Nicaragua 60.60
96 Botswana 60.50
97 Kuwait 60.27
98 Morocco 59.65
99 Uganda 59.28
100 Cambodia 58.88
101 Tunisia 58.24
102 Kenya 57.90
103 Namibia 57.90
104 Bangladesh 57.84
105 India 57.73
106 Lao PDR 57.66
107 Gabon 57.48
108 Nepal 57.35
109 Myanmar 56.52
110 Rwanda 56.27
111 Haiti 56.24
112 Madagascar 56.17
113 Benin 55.38
114 Malawi 54.64
115 Mozambique 53.64
116 Tanzania 53.56
117 Algeria 53.22
118 Pakistan 53.10
119 Ethiopia 53.02
120 Burkina Faso 52.11
121 Lesotho 51.62
122 Senegal 51.49
123 Côte d’Ivoire 50.34
124 Burundi 50.17
125 Guinea 50.17
126 Mali 49.37
127 Nigeria 48.86
128 Chad 44.23
129 Yemen 42.98
130 Mauritania 42.33

 

(Data sourced from World Economic Forum)

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