Share of Gross Capital Formation at Current Purchasing Power Parities for Greece
CSHICPGRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-51.47%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Share of Gross Capital Formation at Current Purchasing Power Parities for Greece' measures the percentage of Greece's total economic output dedicated to investment in fixed assets like machinery, equipment, and infrastructure. This metric is closely watched by economists and policymakers to assess the economy's growth potential.
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
This series represents the share of Greece's gross domestic product (GDP) that is invested in the creation of new capital, such as buildings, equipment, and intellectual property. It is an important indicator of the country's economic health and future productive capacity.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This metric is used by economists, investors, and policymakers to gauge Greece's economic trajectory and competitiveness.
Key Facts
- Greece's share of gross capital formation was 11.1% in 2020.
- This metric has declined from a high of 25.9% in 2007.
- The global average share of gross capital formation is around 25%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Greece's total economic output that is devoted to investment in fixed assets such as machinery, equipment, and infrastructure.
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 growth potential, as investment in productive assets is a key driver of long-term economic expansion.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data provided by the Greek government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Greece's economic competitiveness and to inform decisions about fiscal, monetary, and regulatory policies that may impact investment and economic growth.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Share of Gross Capital Formation at Current Purchasing Power Parities for Tunisia
CSHICPTNA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Nigeria
CSHCCPNGA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Germany
CSHXCPDEA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Colombia
CSHXCPCOA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Hungary
CSHGCPHUA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cyprus
CSHRCPCYA156NRUG
Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Greece (CSHICPGRA156NRUG), retrieved from FRED.