National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Slovak Republic
NAEXKP04SKQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,959,375,000.00
Year-over-Year Change
13.16%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the gross fixed capital formation (GFCF) in the Slovak Republic, which is a key component of GDP by expenditure. GFCF represents investment in fixed assets, providing insights into the country's productive capacity and economic 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
Gross fixed capital formation (GFCF) refers to the net additions to the fixed assets of the economy. It is an important indicator of the level of domestic investment, reflecting businesses' and households' confidence in the economic outlook and their willingness to expand productive capacity.
Methodology
The data is collected and calculated by the Statistical Office of the Slovak Republic.
Historical Context
GFCF is a crucial metric used by policymakers and analysts to assess the health and trajectory of the Slovak economy.
Key Facts
- GFCF accounts for around 20% of GDP in the Slovak Republic.
- Investment in fixed assets has been a key driver of economic growth in Slovakia.
- The COVID-19 pandemic led to a sharp decline in GFCF in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross fixed capital formation (GFCF) in the Slovak Republic, which represents investment in fixed assets such as machinery, equipment, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a crucial indicator of a country's productive capacity and economic growth potential, as it reflects businesses' and households' confidence and willingness to invest in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: GFCF is closely monitored by policymakers and analysts to assess the health and trajectory of the Slovak economy, as it informs decisions on fiscal, monetary, and investment policies.
Q: Are there update delays or limitations?
A: The GFCF data for the Slovak Republic is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic
SVKCP100000IXOBQ
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Slovak Republic
CSINFT02SKM460S
Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Slovak Republic
SVKCPHP0100IXEBM
Harmonized Index of Consumer Prices: Insurance Connected with Transport for Slovakia
CP1254SKM086NEST
Composite Leading Indicators: Composite Business Confidence Amplitude Adjusted for Slovak Republic
BSCICP03SKM665S
Harmonized Index of Consumer Prices: Oils and Fats for Slovakia
CP0115SKM086NEST
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Slovak Republic (NAEXKP04SKQ652S), retrieved from FRED.