Real Gross Fixed Capital Formation for Saudi Arabia
NFIRXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,294,082.00
Year-over-Year Change
45.66%
Date Range
1/1/2010 - 1/1/2024
Summary
Real Gross Fixed Capital Formation (GFCF) for Saudi Arabia measures the value of additions to fixed assets in the economy, reflecting investment in capital goods.
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
GFCF is a key economic indicator that tracks the level of domestic investment, which is an important driver of economic growth and productivity. Analyzing trends in Saudi Arabia's GFCF provides insights into the country's economic development and investment climate.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
GFCF is widely used by economists, policymakers, and investors to assess a country's economic performance and investment activity.
Key Facts
- Saudi Arabia's GFCF reached a record high of 1.13 trillion riyals in 2019.
- GFCF accounted for around 25% of Saudi Arabia's GDP in 2020.
- The construction sector is the largest component of Saudi Arabia's GFCF.
FAQs
Q: What does this economic trend measure?
A: Real Gross Fixed Capital Formation (GFCF) for Saudi Arabia measures the value of additions to fixed assets in the economy, reflecting investment in capital goods such as machinery, equipment, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a key indicator of a country's investment activity and economic development, as it reflects the level of domestic investment in productive assets. Analyzing trends in Saudi Arabia's GFCF provides insights into the country's economic growth potential and investment climate.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics provided by the Saudi Arabian government.
Q: How is this trend used in economic policy?
A: GFCF is widely used by economists, policymakers, and investors to assess a country's economic performance and investment activity. It is an important input for economic forecasting, policy decisions, and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and there may be occasional revisions to historical values. Users should be aware of the latest available data and any known limitations or caveats.
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Citation
U.S. Federal Reserve, Real Gross Fixed Capital Formation for Saudi Arabia (NFIRXDCSAA), retrieved from FRED.