Price Level of Capital Formation for Ghana
PLICPPGHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
133.89%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Capital Formation for Ghana measures the cost of investment goods in the country. It is a key economic indicator that helps track inflation and the cost of doing business.
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 Ghana is an index that represents the prices paid for machinery, equipment, and structures used for investment purposes in the Ghanaian economy. It is an important barometer for analyzing the investment climate and inflationary pressures.
Methodology
The data is collected through surveys of businesses and compiled by Ghana's statistical agency.
Historical Context
The price level of capital formation is closely monitored by policymakers, central bankers, and investors to gauge the economic conditions and investment outlook in Ghana.
Key Facts
- Ghana is a major economy in West Africa.
- Investment is a key driver of economic growth.
- Capital formation prices reflect inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Ghana measures the prices paid for machinery, equipment, and structures used for investment purposes in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the investment climate and inflationary pressures in the Ghanaian economy, providing insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by Ghana's statistical agency.
Q: How is this trend used in economic policy?
A: The price level of capital formation is closely monitored by policymakers, central bankers, and investors to gauge the economic conditions and investment outlook in Ghana.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or limitations in data coverage.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Ghana (PLICPPGHA670NRUG), retrieved from FRED.