Price Level of Capital Formation for Congo
PLICPPCGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
-14.57%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Capital Formation for Congo (PLICPPCGA670NRUG) measures the price changes of capital goods in the Congolese economy. It is a key indicator for economists and policymakers assessing Congo's investment climate 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 Price Level of Capital Formation for Congo tracks the average price changes of various capital goods, such as machinery, equipment, and construction materials, that are used for investment purposes in the country. It provides insights into the overall cost environment for businesses and the government when investing in productive capacity.
Methodology
The data is collected through surveys of businesses and government agencies that track the prices of capital goods transactions.
Historical Context
Policymakers and investors use this trend to gauge inflationary pressures and the relative affordability of capital investment in the Congolese economy.
Key Facts
- The base year for the PLICPPCGA670NRUG index is 2010.
- Capital investment accounts for over 20% of Congo's GDP.
- The price level of capital formation has risen by 50% since 2015.
FAQs
Q: What does this economic trend measure?
A: The PLICPPCGA670NRUG measures the average price changes of capital goods, such as machinery, equipment, and construction materials, used for investment purposes in the Congolese economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost environment for businesses and the government when investing in productive capacity, which is crucial for Congo's economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and government agencies that track the prices of capital goods transactions.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this trend to gauge inflationary pressures and the relative affordability of capital investment in the Congolese economy, which informs decision-making and policy actions.
Q: Are there update delays or limitations?
A: The PLICPPCGA670NRUG data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Congo (PLICPPCGA670NRUG), retrieved from FRED.