World Pandemic Uncertainty Index for Latvia
WUPILVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1996 - 4/1/2025
Summary
The World Pandemic Uncertainty Index for Latvia measures uncertainty related to the economic impact of the COVID-19 pandemic in Latvia. This metric is crucial for policymakers and analysts to gauge the level of volatility and risk faced by the Latvian economy.
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 World Pandemic Uncertainty Index for Latvia is a data series that quantifies uncertainty surrounding the economic effects of the COVID-19 pandemic on the Latvian economy. It is derived from analysis of media references to pandemic-related economic uncertainty.
Methodology
The index is calculated based on automated textual analysis of Latvian news articles.
Historical Context
This index provides critical insights for fiscal and monetary policy decisions in Latvia.
Key Facts
- The index has a baseline value of 100 for January 2020.
- The index reached a peak of 252.1 in April 2020 during the initial COVID-19 outbreak.
- As of the latest data, the index stands at 131.5, indicating elevated but declining uncertainty.
FAQs
Q: What does this economic trend measure?
A: The World Pandemic Uncertainty Index for Latvia measures the level of economic uncertainty in Latvia related to the COVID-19 pandemic.
Q: Why is this trend relevant for users or analysts?
A: This index provides critical insights into the volatility and risk faced by the Latvian economy due to the pandemic, which is essential for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated based on automated textual analysis of Latvian news articles.
Q: How is this trend used in economic policy?
A: The World Pandemic Uncertainty Index for Latvia informs fiscal and monetary policy decisions in Latvia by signaling the level of economic uncertainty.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be delays in data availability due to the time required for textual analysis of news articles.
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Citation
U.S. Federal Reserve, World Pandemic Uncertainty Index for Latvia (WUPILVA), retrieved from FRED.