Telephone: +44 (0)1633 456 239
Categories: Economy, People and Places, Communities, Societal Wellbeing, Children, Education and Skills, Children and Early Years' Education, Early Years' Education, Higher Education and Adult Learning, Higher Education Attainment and Behaviour, School and College Education, School and College Attainment and Behaviour, Labour Market, People in Work, Earnings, National Accounts, National Income, Expenditure and Output
Frequency of release: Annually
Geographical coverage: UK
Geographical breakdown: UK and GB
Survey name(s): Labour Force Survey
Human capital is a measure of individuals’ skills, knowledge, abilities, social attributes, personality and health attributes. These factors enable individuals to work, and therefore produce something of economic value.
Human capital is measured as the sum of the total potential future earnings of everyone in the labour market.
The value of employed human capital remained broadly flat between 2011 and 2013 and was £17.61 trillion in 2013.
In 2013, the average employed human capital stock per head of working age population was £437,479; a slight decrease of £2,961 on the 2012 estimate.
Those with GCSE grades A*-C or equivalent or higher as their highest qualification hold 86% of employed human capital.