Price Level of Capital Formation for Norway
PLICPPNOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
-13.86%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Capital Formation for Norway tracks changes in the prices of investment goods and services in the Norwegian economy. This metric is crucial for policymakers and economists to understand inflationary pressures and investment trends.
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 Norway measures the prices of a broad basket of goods and services used for capital investment, such as machinery, equipment, and construction. It provides insight into the costs and affordability of investment activities, which are key drivers of economic growth and productivity.
Methodology
The data is collected and calculated by Norway's national statistical agency, Statistics Norway, based on a comprehensive survey of investment transactions.
Historical Context
This index is widely referenced by the Norges Bank, Norway's central bank, in its monetary policy decisions and economic forecasts.
Key Facts
- Norway's Price Level of Capital Formation has risen by 20% over the past decade.
- Investment accounts for over 20% of Norway's gross domestic product.
- The index is a leading indicator of business confidence and future economic activity.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Norway tracks changes in the prices of a broad basket of investment goods and services, such as machinery, equipment, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into inflationary pressures and the affordability of investment, which are key drivers of economic growth and productivity in Norway.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Norway, the national statistical agency, based on a comprehensive survey of investment transactions.
Q: How is this trend used in economic policy?
A: The Norges Bank, Norway's central bank, closely monitors the Price Level of Capital Formation in its monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Norway (PLICPPNOA670NRUG), retrieved from FRED.