Price Level of Investment for Nigeria
PLOINVNGA624NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.95
Year-over-Year Change
-14.18%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Investment for Nigeria (PLOINVNGA624NUPN) is a measure of the general price level of investment goods in the Nigerian economy. It is a key indicator for evaluating the cost and affordability of capital expenditures.
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 Nigeria tracks the changes in prices of a basket of investment-related goods and services, such as machinery, equipment, and construction materials. This metric is used by economists and policymakers to assess the investment climate and monitor inflationary pressures on business investment.
Methodology
The data is collected and calculated by the National Bureau of Statistics of Nigeria based on a survey of prices paid by firms for investment-related purchases.
Historical Context
The Price Level of Investment is an important input for evaluating the capital investment and business cycle conditions in the Nigerian economy.
Key Facts
- The base year for the Price Level of Investment is 2010.
- Investment goods account for around 25% of Nigeria's GDP.
- The index reached a record high in 2022 due to supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Investment for Nigeria measures the changes in prices paid by businesses for investment-related goods and services, such as machinery, equipment, and construction materials.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the investment climate, capital expenditure decisions, and inflationary pressures in the Nigerian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Bureau of Statistics of Nigeria based on a survey of prices paid by firms for investment-related purchases.
Q: How is this trend used in economic policy?
A: The Price Level of Investment is used by economists and policymakers to assess the cost and affordability of capital expenditures, which is crucial for evaluating the investment climate and business cycle conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of 2-3 months. There may be limitations in capturing price changes for certain investment goods, especially in remote or rural areas.
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Citation
U.S. Federal Reserve, Price Level of Investment for Nigeria (PLOINVNGA624NUPN), retrieved from FRED.