Nominal Gross Capital Formation for Benin
BENNIGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.93
Year-over-Year Change
96.96%
Date Range
1/1/2000 - 1/1/2026
Summary
The Nominal Gross Capital Formation for Benin measures the total value of fixed assets acquired by businesses, governments, and households in Benin. It is a key indicator of economic investment and 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 Capital Formation represents the additions to the capital stock of a country. This metric is used by economists and policymakers to gauge the level of domestic investment, which is crucial for long-term economic development and productivity improvements.
Methodology
The data is collected by Benin's National Institute of Statistics and Economic Analysis and reported to international organizations.
Historical Context
Trends in Gross Capital Formation are closely monitored by the Central Bank of Benin and the International Monetary Fund to inform macroeconomic policy decisions.
Key Facts
- Benin's Nominal Gross Capital Formation was $2.92 billion in 2021.
- Gross Capital Formation accounted for 19.4% of Benin's GDP in 2021.
- Investment in Benin has grown at an average annual rate of 4.7% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Nominal Gross Capital Formation for Benin measures the total value of fixed assets acquired by businesses, governments, and households in the country.
Q: Why is this trend relevant for users or analysts?
A: Trends in Gross Capital Formation are a key indicator of the level of domestic investment, which is crucial for long-term economic development and productivity improvements.
Q: How is this data collected or calculated?
A: The data is collected by Benin's National Institute of Statistics and Economic Analysis and reported to international organizations.
Q: How is this trend used in economic policy?
A: Trends in Gross Capital Formation are closely monitored by the Central Bank of Benin and the International Monetary Fund to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 6-12 month lag and may be subject to revisions by the statistical agency.
Related Trends
Number of Identified Exporters to Benin from Alaska
AKBENA475SCEN
Use of Financial Services: Key Indicators, Borrowers from Credit Unions and Financial Cooperatives Per 1000 Adults for Benin
BENFCRODUANUM
Real Gross Domestic Product for Benin
BENNGDPRPCPPPT
Number of Identified Exporters to Benin from Missouri
MOBENA475SCEN
Value of Exports to Benin from Florida
FLBENA052SCEN
Bank's Return on Equity for Benin
DDEI06BJA156NWDB
Citation
U.S. Federal Reserve, Nominal Gross Capital Formation for Benin (BENNIGDPPT), retrieved from FRED.