Price Level of Capital Formation for Republic of Korea
PLICPPKRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
23.01%
Date Range
1/1/1953 - 1/1/2019
Summary
The Price Level of Capital Formation for Republic of Korea tracks the changes in the price level of capital goods and investment in South Korea. This metric is crucial for understanding domestic investment trends and assessing the state of the Korean economy.
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 measures the relative cost of capital goods and equipment used for investment purposes in South Korea. It provides insights into the capital investment climate and can signal shifts in business confidence and economic growth.
Methodology
This index is calculated by the Bank of Korea based on price data collected from domestic and international markets.
Historical Context
Policymakers and economists closely monitor this indicator to gauge the affordability of capital investment and its potential impact on economic expansion.
Key Facts
- South Korea is a major global economy and manufacturing hub.
- Capital investment is a key driver of economic growth in Korea.
- The price level of capital goods can impact business expansion plans.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Republic of Korea tracks the changes in the relative cost of capital goods and equipment used for investment purposes in South Korea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the capital investment climate in Korea, signaling shifts in business confidence and the affordability of capital expenditures, which are crucial for economic growth.
Q: How is this data collected or calculated?
A: The Bank of Korea calculates this index based on price data collected from domestic and international markets.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to gauge the state of capital investment and its potential impact on the Korean economy.
Q: Are there update delays or limitations?
A: The Bank of Korea publishes this data on a regular basis, but there may be some delays in data availability or potential revisions due to the nature of economic statistics.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Republic of Korea (PLICPPKRA670NRUG), retrieved from FRED.