National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Slovak Republic
Annual
SVKGFCFADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,019,688,000.00
Year-over-Year Change
52.36%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual series measures gross fixed capital formation (GFCF) as a percentage of GDP in the Slovak Republic. It is a key indicator of investment and economic growth.
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
Gross fixed capital formation (GFCF) represents the value of acquisitions of new or existing fixed assets by the business sector, governments and households. This metric is widely used by economists to assess the level of investment in an economy and its potential for future growth.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
GFCF is an important component of GDP and a focus for economic policymakers seeking to stimulate investment and expand productive capacity.
Key Facts
- GFCF in the Slovak Republic averaged 23.9% of GDP from 1995 to 2021.
- Investment as a share of GDP peaked at 29.7% in 2007 before declining during the global financial crisis.
- GFCF recovered to 23.1% of GDP in 2021 as the Slovak economy rebounded from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual series measures gross fixed capital formation (GFCF) as a percentage of GDP in the Slovak Republic. GFCF represents investment in new or existing fixed assets by businesses, governments, and households.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key indicator of investment and economic growth. It provides insight into the level of productive investment in an economy, which is crucial for long-term expansion of output and incomes.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information provided by the Slovak government.
Q: How is this trend used in economic policy?
A: GFCF is closely monitored by policymakers as an indicator of investment and a target for policies aimed at stimulating economic growth, such as tax incentives or infrastructure spending.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest annual data, as it relies on national account information that takes time to compile and publish.
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Citation
U.S. Federal Reserve, Annual (SVKGFCFADSMEI), retrieved from FRED.