Capital stock at Current Purchasing Power Parities for Latvia
CKSPPPLVA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
420,451.16
Year-over-Year Change
82.87%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the capital stock at current purchasing power parities for Latvia, which is a key indicator of the country's productive capacity and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The capital stock at current purchasing power parities represents the value of physical assets, such as machinery, equipment, and infrastructure, used in the production of goods and services in Latvia. This metric is crucial for analyzing the country's economic growth, investment trends, and overall productivity.
Methodology
The data is collected and calculated by the OECD based on national accounts and investment data.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Latvia's economic performance and competitiveness.
Key Facts
- Latvia's capital stock at current purchasing power parities was $57.3 billion in 2020.
- The capital stock has grown by an average of 3.2% per year over the past decade.
- Investment in machinery and equipment accounts for the largest share of Latvia's capital stock.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the physical assets, such as machinery, equipment, and infrastructure, used in the production of goods and services in Latvia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing Latvia's economic growth, investment trends, and overall productivity, which are key factors for assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national accounts and investment data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess Latvia's economic performance and competitiveness, and to inform policy decisions related to investment, productivity, and economic development.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Capital stock at Current Purchasing Power Parities for Latvia (CKSPPPLVA666NRUG), retrieved from FRED.