Share of Gross Capital Formation at Current Purchasing Power Parities for Benin
CSHICPBJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
1.12%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures Benin's share of gross capital formation at current purchasing power parities. It provides insight into the country's investment and economic growth dynamics.
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 share of gross capital formation is an important indicator of a country's economic development and investment activity. It represents the portion of a country's economic output that is devoted to expanding its future productive capacity through investments in physical capital like machinery, equipment, and infrastructure.
Methodology
This data is calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and analysts use this metric to assess Benin's economic structure and competitiveness.
Key Facts
- Benin's share of gross capital formation was 19.4% in 2021.
- Capital investment is crucial for economic growth and modernization.
- Benin's investment share has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Benin's economic output that is devoted to expanding the country's productive capacity through investments in physical capital.
Q: Why is this trend relevant for users or analysts?
A: The share of gross capital formation is an important indicator of a country's economic development and competitiveness, as capital investment is crucial for growth and modernization.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Benin's economic structure and competitiveness, and to inform decisions on investment, trade, and development policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Benin (CSHICPBJA156NRUG), retrieved from FRED.