Price Level of Capital Formation for Trinidad and Tobago
PLICPPTTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-1.92%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Capital Formation for Trinidad and Tobago measures the price changes of investment goods in the country. This metric is crucial for evaluating the cost of capital expenditures and tracking inflationary pressures in the 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 is an index that tracks the prices of various capital goods, such as machinery, equipment, and construction materials. It provides insight into the cost of investing in new productive capacity within Trinidad and Tobago's economy.
Methodology
The data is collected and calculated by the country's Central Statistical Office based on surveys of producers and suppliers.
Historical Context
This trend is used by policymakers, economists, and investors to assess inflationary dynamics and the business climate for capital investment.
Key Facts
- Trinidad and Tobago is a major exporter of oil and natural gas.
- The capital formation price index has a base year of 2010.
- This metric helps track the cost of building new factories, infrastructure, and other productive assets.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Trinidad and Tobago measures the changes in prices of various capital goods, such as machinery, equipment, and construction materials, used for investment purposes in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of capital expenditures and can be used to evaluate inflationary pressures and the business climate for investment in Trinidad and Tobago's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Trinidad and Tobago's Central Statistical Office based on surveys of producers and suppliers of capital goods.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to assess inflationary dynamics and the overall business climate for capital investment in Trinidad and Tobago.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and the series may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Trinidad and Tobago (PLICPPTTA670NRUG), retrieved from FRED.