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Latvia ranks 35th in World Bank’s Human Capital Index
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    Latvia ranks 35th in World Bank’s Human Capital Index

    RIGA, Oct 11 (LETA) – Latvia ranked 35th among 157 countries in the World Bank’s Human Capital Index, LETA learned from the Finance Ministry.

    The rankings, based on health, education and survivability measures, assess the future productivity and earnings potential for citizens of 157 of the World Bank’s member nations. The score is measured on a scale from zero to one.

    Human Capital Index shows that 56 percent of of presently born children across the world will lose more than half of their possible income if the governments do not start to immediately invest in people to ensure a healthy, education and flexible society that is ready to engage in the future job market.

    The leaders of the latest Human Capital Index are Singapore, South Korea and Japan. Among the Nordic and Baltic states, the highest scores were earned by Finland (5th position overall), Sweden (8th), Denmark (17th), Norway (18th), Estonia (29th), Iceland (33rd), Latvia (35th) and Lithuania (37th). The lowest scores were given to Nigeria, South Sudan and Chad.

    Latvia’s Human Capital Index is 0.72 which means that a child born now in Latvia will reach its productivity at 72 percent when grown up compared to 100 percent that could be achieved with appropriate education and being healthy.

    Compared to other countries, Latvia’s Human Capital Index is higher than average in Europe and Central Asia, but lower than average in other countries with high income.

    Human Capital Index is a part of the the 2019 World Development Report: The Changing Nature of Work.

    • Published: 11.10.2018 14:46
    • LETA
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