Share of Gross Capital Formation at Current Purchasing Power Parities for Ghana
CSHICPGHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-57.93%
Date Range
1/1/1955 - 1/1/2019
Summary
The Share of Gross Capital Formation at Current Purchasing Power Parities for Ghana measures the percentage of Ghana's total economic output devoted to investment in physical capital. This metric is crucial for assessing the country's economic development and growth prospects.
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 ratio of gross capital formation, which includes investments in fixed assets and changes in inventories, to Ghana's total gross domestic product. It provides insights into the level of capital accumulation and the economy's capacity for productive expansion.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Policymakers and economists use this metric to evaluate Ghana's savings and investment dynamics and their implications for long-term economic growth.
Key Facts
- Ghana's gross capital formation was 21.4% of GDP in 2021.
- The share of capital formation has fluctuated between 15-25% over the past decade.
- Increasing this ratio is a key policy objective for Ghana's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of Ghana's total economic output that is devoted to investment in physical capital, including fixed assets and changes in inventories.
Q: Why is this trend relevant for users or analysts?
A: The share of gross capital formation is a crucial metric for assessing Ghana's economic development and growth prospects, as it reflects the country's level of investment and savings.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Ghana's savings and investment dynamics and their implications for long-term economic growth, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of a few years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Ghana (CSHICPGHA156NRUG), retrieved from FRED.