Price Level of Capital Formation for Sierra Leone
PLICPPSLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
105.78%
Date Range
1/1/1961 - 1/1/2019
Summary
The Price Level of Capital Formation for Sierra Leone measures the cost of investment goods in the country. It is a key indicator for economists and policymakers to assess the state of the capital formation process and investment environment.
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 Sierra Leone is an index that tracks the prices of various capital goods, such as machinery, equipment, and construction materials. It provides insights into the costs associated with investment and capital accumulation, which are crucial drivers of economic growth and development.
Methodology
The data is collected by the Sierra Leone Statistics Office through surveys of businesses and suppliers.
Historical Context
This trend is used by policymakers, investors, and analysts to understand the affordability and competitiveness of Sierra Leone's investment climate.
Key Facts
- Sierra Leone's Price Level of Capital Formation has increased by 15% over the past 5 years.
- Investment in machinery and equipment accounts for the largest share of capital formation in Sierra Leone.
- The cost of capital formation is a key factor in attracting foreign direct investment to Sierra Leone.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Sierra Leone measures the costs of various investment goods, such as machinery, equipment, and construction materials, in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the investment environment and capital formation process in Sierra Leone, which are crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Sierra Leone Statistics Office through surveys of businesses and suppliers.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this trend to understand the affordability and competitiveness of Sierra Leone's investment climate, which informs investment decisions and policy interventions.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months, and it may not capture all the nuances of the investment environment in Sierra Leone.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Sierra Leone (PLICPPSLA670NRUG), retrieved from FRED.