Share of Gross Capital Formation at Current Purchasing Power Parities for Senegal
CSHICPSNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-16.63%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Gross Capital Formation at Current Purchasing Power Parities for Senegal measures the country's investment in physical capital as a percentage of its total economic output. This metric is important for economists and policymakers to assess Senegal's economic development and investment trends.
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
Gross capital formation, also known as investment, is a key component of a country's GDP. This series tracks the share of Senegal's total output that is invested in fixed assets like machinery, equipment, and infrastructure. It provides insight into the nation's economic priorities and growth potential.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers use this metric to evaluate Senegal's investment climate and identify opportunities to spur economic growth.
Key Facts
- Senegal's gross capital formation was 25.7% of GDP in 2020.
- Investment has grown from 19.4% of GDP in 2000 to 25.7% in 2020.
- Senegal aims to increase investment to drive industrialization and job creation.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the share of Senegal's total economic output that is invested in physical capital, such as machinery, equipment, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: Investment in physical capital is a key driver of economic growth and development. This data provides insight into Senegal's investment priorities and growth potential.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate Senegal's investment climate and identify opportunities to spur economic growth through targeted policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent economic conditions in Senegal.
Related Trends
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Malta
CSHRCPMTA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Iceland
CSHCCPISA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Denmark
CSHRCPDKA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Madagascar
CSHICPMGA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Austria
CSHICPATA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Luxembourg
CSHICPLUA156NRUG
Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Senegal (CSHICPSNA156NRUG), retrieved from FRED.