Share of Gross Capital Formation at Current Purchasing Power Parities for Saudi Arabia
CSHICPSAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
-7.44%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the share of gross capital formation in Saudi Arabia's total economic output, adjusted for purchasing power differences across countries. It provides insights 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 a key macroeconomic indicator that reflects a country's level of investment in physical capital, such as infrastructure, machinery, and equipment. It is an important metric for analyzing a nation's economic development and growth potential.
Methodology
The data is calculated by the World Bank using national accounts statistics and purchasing power parity (PPP) exchange rates.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Saudi Arabia's economic performance and investment climate.
Key Facts
- Saudi Arabia's share of gross capital formation was 25.4% in 2020.
- Investment has been a key driver of Saudi Arabia's economic growth in recent decades.
- The country aims to increase investment as part of its economic diversification efforts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of gross capital formation in Saudi Arabia's total economic output, adjusted for purchasing power differences across countries.
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 investment and economic growth dynamics, providing insights into its development and future potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess Saudi Arabia's economic performance and investment climate, which is crucial for the country's economic diversification efforts.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of 1-2 years in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Gross Capital Formation at Current Purchasing Power Parities for Saudi Arabia (CSHICPSAA156NRUG), retrieved from FRED.