Price Level of Investment for Benin
PLOINVBJA624NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.92
Year-over-Year Change
21.81%
Date Range
1/1/1959 - 1/1/2010
Summary
The Price Level of Investment for Benin measures the relative cost of investment goods in the country. It is an important economic indicator for policymakers and analysts assessing Benin's investment climate and economic development.
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 Investment for Benin represents the purchasing power of the local currency when acquiring investment goods, such as machinery, equipment, and construction materials. It is used to compare investment costs across countries and over time, providing insights into the affordability and competitiveness of Benin's investment environment.
Methodology
The data is calculated based on price surveys and national accounts information.
Historical Context
This trend is relevant for investors, policymakers, and economists analyzing Benin's economic conditions and competitiveness.
Key Facts
- The Price Level of Investment for Benin was 36.31 in 2021.
- Benin's investment prices are relatively low compared to other sub-Saharan African countries.
- The trend has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Investment for Benin measures the relative cost of 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 insights into the affordability and competitiveness of Benin's investment environment, which is crucial for investors, policymakers, and economists analyzing the country's economic conditions and development.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Benin's investment climate and competitiveness, informing decisions and policies aimed at promoting economic development and attracting foreign investment.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Price Level of Investment for Benin (PLOINVBJA624NUPN), retrieved from FRED.