Price Level of Capital Formation for United Republic of Tanzania
PLICPPTZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
108.98%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Capital Formation for United Republic of Tanzania measures the change in prices for investment goods in the country. This metric is important for policymakers and economists analyzing Tanzania's economic development and investment climate.
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
This index tracks the prices of capital goods and equipment used for investment purposes in Tanzania. It provides insight into the cost environment for businesses and investors in the country, which is a key factor for economic growth and productivity.
Methodology
The data is collected by Tanzania's National Bureau of Statistics through surveys of producers and distributors of capital goods.
Historical Context
Policymakers and international institutions use this index to assess Tanzania's investment climate and competitiveness.
Key Facts
- Covers price changes for machinery, equipment, and construction materials.
- Base year is 2015 with an index value of 100.
- Increased by 5.2% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for capital goods and equipment used for investment purposes in Tanzania.
Q: Why is this trend relevant for users or analysts?
A: The price level of capital formation is a key indicator of the investment climate in Tanzania, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by Tanzania's National Bureau of Statistics through surveys of producers and distributors of capital goods.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this index to assess Tanzania's investment climate and competitiveness in order to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for United Republic of Tanzania (PLICPPTZA670NRUG), retrieved from FRED.