HUMAN CAPITAL EFFICIENCY IN THE VISEGRAD COUNTRIES AND ACHIEVING THE SUSTAINABLE DEVELOPMENT GOALS

After the change of the economic system in the 1990s, the countries of the Visegrad group (V4: Czechia, Hungary, Poland and Slovakia) began to catch up economically with developed countries. After joining the EU, this process accelerated. The article concerns the relationship between the level of employee education and the efficiency of human capital in the V4 countries and the impact of this efficiency on sustainable growth. The aim of the article is to answer the question of whether the increase in the efficiency of human capital can be explained by the increase in employee education. To estimate the efficiency of human capital, the real GDP to employment ratio was used. The obtained results indicate that the efficiency of human capital in the V4 countries is approaching. The EU average, which, among others, contributes to the achievement of Sustainable Development Goals.