Share of Gross Capital Formation at Current Purchasing Power Parities for Cote d'Ivoire
CSHICPCIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
202.89%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Gross Capital Formation at Current Purchasing Power Parities for Cote d'Ivoire measures the proportion of a country's economic output dedicated to capital investment. This metric is crucial for understanding a nation's economic development and growth potential.
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
This indicator represents the share of Cote d'Ivoire's total economic output, as measured by Gross Domestic Product (GDP), that is allocated to gross capital formation. Gross capital formation includes investments in fixed assets such as buildings, machinery, and infrastructure, as well as changes in inventories.
Methodology
The data is calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and economists use this metric to assess a country's economic policies and investment climate.
Key Facts
- Cote d'Ivoire's share of gross capital formation was 17.4% in 2020.
- The metric has fluctuated between 15-20% over the past decade.
- Gross capital formation is a key driver of economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Cote d'Ivoire's total economic output that is allocated to capital investment, including fixed assets and changes in inventories.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding a country's economic development and growth potential, as capital investment is a key driver of productivity and long-term economic expansion.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts statistics provided by the government of Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess a country's economic policies and investment climate, which can inform decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the metric is dependent on national accounts data provided by the government of Cote d'Ivoire.
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Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Cote d'Ivoire (CSHICPCIA156NRUG), retrieved from FRED.