3. 3
Russia Denmark
Population 143.5 mil. 5.7 mil.
Unemployment 5.6 % 6.2 %
Long Term Unemployment 27 % 26 %
Labor Force Participation Rate 64 % 62 %
GDP per Capita, PPP USD 25 411 USD 45 709
Life Expectancy at Birth 71 years 81 years
OECD Factbook Statistics, April 2016; Data.Worldbank.org; IMF
4. GDP per Capita, 1995-2015
4
OECD.Stat, GDP per capita, constant prices, USD, constant PPPs, OECD base year (2010)
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
55000
60000
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Constant 2010 US $ US Denmark EU Russia
8. 8
Russia Denmark
Human Capital Index 2016 28 7
Adults Aged 25-64 Who Have Completed
Upper Secondary Education
95 % 80 %
PISA Score 2012 481 498
Public Spending on Education 4.2 % 8.6 %
OECD Factbook Statistics, April 2016; Human Capital Index, World Economic Forum
9. “A creative and productive workforce contributes
more to the long-term economic success of a nation
than virtually any other resource”
- The World Economic Forum (Human Capital Report)
9
13. What Is Human Capital?
13
• Education
• Work Experience
• On-the-Job Training
• Health
• Innovative Capacity
• Risk Attitude
• Entrepreneurship
• Social Skills
• Emotional Skills
Note: These are added-variable plots of a regression of the average annual rate of growth (in percent) of real GDP per capita in 1960–2000 on the initial level of real GDP per capita in 1960, average test scores on international student achievement tests, and average years of schooling in 1960.
Note: These are added-variable plots of a regression of the average annual rate of growth (in percent) of real GDP per capita in 1960–2000 on the initial level of real GDP per capita in 1960, average test scores on international student achievement tests, and average years of schooling in 1960.
