National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Slovak Republic
SVKGFCFQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,308,585,000.00
Year-over-Year Change
36.23%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Slovak Republic' tracks investments in fixed assets within the Slovak economy. This metric is a key indicator of economic growth and business confidence.
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 total value of a country's fixed assets, such as buildings, machinery, and infrastructure, acquired over a given period. It is an important component of GDP and a barometer of investment activity and economic momentum.
Methodology
This data is collected by the Slovak Statistical Office as part of the national accounts system.
Historical Context
GFCF figures are closely monitored by policymakers and analysts to assess the health of the Slovak economy and guide fiscal and monetary decisions.
Key Facts
- GFCF accounts for around 20% of Slovakia's GDP.
- Fixed investment grew by 6.4% in 2021 after declining in 2020.
- Slovakia's GFCF reached a record high of €16.7 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks investments in fixed assets, such as buildings, machinery, and infrastructure, within the Slovak economy. It is a key component of GDP and an indicator of economic growth and business confidence.
Q: Why is this trend relevant for users or analysts?
A: GFCF figures are closely monitored by policymakers and analysts to assess the health of the Slovak economy and guide fiscal and monetary decisions. The level of fixed investment is a crucial barometer of economic momentum and future growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Statistical Office as part of the national accounts system.
Q: How is this trend used in economic policy?
A: GFCF data is used by policymakers, central banks, and market analysts to evaluate the state of the Slovak economy and inform decisions on fiscal, monetary, and investment policies.
Q: Are there update delays or limitations?
A: The GFCF data is published quarterly by the Slovak Statistical Office, with a typical delay of 3 months. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Slovak Republic (SVKGFCFQDSMEI), retrieved from FRED.