Price Level of Capital Formation for Saint Vincent and the Grenadines
PLICPPVCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-13.85%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Capital Formation for Saint Vincent and the Grenadines tracks the cost of investment goods and construction in the country's economy. It is a key indicator for policymakers and economists assessing capital expenditure 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
This index measures the relative prices of capital goods, including machinery, equipment, and construction, used for investment purposes in Saint Vincent and the Grenadines. It provides insight into the changing costs of physical capital formation, which is crucial for economic growth and development.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Trends in the price level of capital formation are closely monitored by policymakers and financial institutions to understand the cost environment for businesses and infrastructure investments.
Key Facts
- The base year for this index is 2015.
- Saint Vincent and the Grenadines is a small island nation in the Caribbean.
- Capital formation is a critical component of economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This index measures the relative prices of capital goods, including machinery, equipment, and construction, used for investment purposes in Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: Trends in the price level of capital formation are closely monitored by policymakers and financial institutions to understand the cost environment for businesses and infrastructure investments, which are crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess capital expenditure and investment trends, which inform decisions related to economic development, infrastructure projects, and business-friendly policies.
Q: Are there update delays or limitations?
A: The data is published by the World Bank, and update schedules may vary. Users should check the latest available data and be aware of any potential delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Saint Vincent and the Grenadines (PLICPPVCA670NRUG), retrieved from FRED.