Price Level of Capital Formation for Guinea
PLICPPGNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.78
Year-over-Year Change
38.33%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Capital Formation for Guinea measures the relative prices of capital goods and services in the country. It is a key indicator for understanding investment trends and economic growth.
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 index tracks the price changes of capital items used for investment purposes in Guinea, such as machinery, equipment, and construction materials. It is an important metric for evaluating the cost environment for businesses and policymakers assessing the investment climate.
Methodology
The data is collected through regular surveys of producers and suppliers of capital goods.
Historical Context
Trends in the price level of capital formation are closely watched by investors, central banks, and international institutions to gauge the affordability and competitiveness of domestic investment.
Key Facts
- Guinea is a developing West African economy.
- Capital formation is a key driver of economic growth.
- Prices of capital goods can impact business investment decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Guinea measures the relative prices of capital goods and services used for investment purposes in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for evaluating the cost environment for business investment and the overall investment climate in Guinea.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of producers and suppliers of capital goods in Guinea.
Q: How is this trend used in economic policy?
A: Trends in the price level of capital formation are closely watched by investors, central banks, and international institutions to gauge the affordability and competitiveness of domestic investment.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting and may not capture all aspects of the capital goods market in Guinea.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Guinea (PLICPPGNA670NRUG), retrieved from FRED.