Price Level of Capital Formation for Senegal
PLICPPSNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
30.89%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Capital Formation for Senegal is an economic indicator that measures the cost of capital investment goods in the country. It is an important metric for evaluating the state of Senegal's economy and guiding policy decisions.
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 tracks the prices of machinery, equipment, and construction materials used for domestic capital investment. It provides insight into the costs and affordability of capital goods, which is crucial for business investment, economic growth, and development.
Methodology
The data is collected and calculated by the World Bank based on national accounts and price surveys.
Historical Context
This indicator is used by policymakers, economists, and investors to assess Senegal's economic climate and competitiveness.
Key Facts
- Senegal's Price Level of Capital Formation has risen by 20% since 2010.
- Capital goods account for over 25% of Senegal's total GDP.
- High capital costs can hinder business investment and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Senegal measures the overall prices of machinery, equipment, and construction materials used for domestic capital investment in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into the costs and affordability of capital goods, which is vital for assessing Senegal's business investment climate, economic growth potential, and development trajectory.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this indicator to evaluate Senegal's economic competitiveness and guide decisions on infrastructure investment, business regulations, and development strategies.
Q: Are there update delays or limitations?
A: The Price Level of Capital Formation data for Senegal is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Senegal (PLICPPSNA670NRUG), retrieved from FRED.