Price Level of Capital Formation for Greece
PLICPPGRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-24.46%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Capital Formation for Greece measures the price changes of capital goods and infrastructure investments in the Greek economy. It is a key indicator for economists and policymakers to assess the cost environment for business and infrastructure 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
This economic trend tracks the general price level of capital goods, such as machinery, equipment, and construction materials, that are used for investment purposes in Greece. It provides insight into the cost dynamics affecting business and infrastructure projects in the country.
Methodology
The data is collected and calculated by Greece's national statistical agency based on a basket of capital formation items.
Historical Context
The Price Level of Capital Formation is widely used by economists, investors, and policymakers to understand inflationary pressures and cost conditions for private and public investment in Greece.
Key Facts
- Tracks prices of capital goods and infrastructure in Greece.
- Measures cost environment for business and public investment.
- Provides insight into inflationary pressures on capital formation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Greece measures the general price changes of capital goods and infrastructure investments in the Greek economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost environment for business and infrastructure development in Greece, which is crucial for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Greece's national statistical agency based on a basket of capital formation items.
Q: How is this trend used in economic policy?
A: The Price Level of Capital Formation is widely used by economists, investors, and policymakers to understand inflationary pressures and cost conditions for private and public investment in Greece.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of Greece's national statistical agency.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Greece (PLICPPGRA670NRUG), retrieved from FRED.