In 2017, the World Bank announced the Human Capital Project, involving an index that would track the knowledge, skills and health that people accumulate throughout their lives, to enable comparison of this data across countries. The main idea behind the project is to end extreme poverty and prompt investment in people through nutrition, healthcare, quality education, jobs and skills. Last week, the World Bank published its latest report, involving Human Capital Index (HCI) data for 157 countries.
In terms of methodology, the HCI measures three components:
1. Child mortality (probability of survival to age 5)
2. Schooling, i.e. both quality of education (harmonised test scores) and quantity (expected years of school)
3. Health, via two proxies (healthy growth among children under 5, and adult survival rate)
Each of these measures is then tallied up, with a final index score of between 0 and 1 assigned to each country. Leading the way in 2018 are four Asia-Pacific countries with scores of 0.88 (Singapore), 0.84 (South Korea and Japan) and 0.82 (Hong Kong). Below we’ve created a graph of the Top 10 countries globally.
Various smaller European countries, plus Australia and Canada, make up the rest of the Top 10. Germany (0.79) is just outside the Top 10, with the UK (0.78), Italy (0.77) and France (0.76) not far behind. Various major economies, including the USA (0.76), Russia (0.73), China (0.67), Brazil (0.56) and India (0.44), all rank outside the global Top 20.
Less than a week to go until Nicholas Hall’s 5th Asia-Pacific Consumer Healthcare Conference, which will take place in Singapore! You can join Google, McCann Health and GSK, plus many more major players to discuss key issues surrounding the complex APAC landscape. You can view Nicholas’ opening session 09:00-10:00 Wednesday 17th October HERE. The Panel Discussion, “Is the Avalanche of Personal Data Helping or Hindering the Health of our Consumer?”, with Kantar Health, McCann Health, DevHub Startup & Incubation Centre, and BiblioSexual, will take place at 16:30-17:30 on Wednesday 17th HERE. For details of the full agenda, or to reserve your space and join us on 17-18 October, please contact elizabeth.bernos@NicholasHall.com without hesitation.