Price Level of Capital Formation for Barbados
PLICPPBBA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.06
Year-over-Year Change
9.43%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Capital Formation for Barbados measures the overall price changes of capital goods and services used for investment in the Barbadian economy. It is a key economic indicator for policymakers and investors to assess inflation and investment conditions.
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 index tracks the price changes of a wide range of capital goods and services, including machinery, equipment, construction materials, and other inputs to investment. It provides insight into the cost dynamics affecting business investment, which is a crucial driver of economic growth and productivity.
Methodology
The data is collected through surveys of businesses and construction firms by the Barbados Statistical Service.
Historical Context
The Price Level of Capital Formation is used by the Central Bank of Barbados and international institutions to monitor inflationary pressures and guide monetary and fiscal policies.
Key Facts
- The base year for the index is 2015 = 100.
- Barbados is a small open economy heavily reliant on tourism and international trade.
- Investment in capital formation accounts for around 20% of Barbados' GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Barbados measures the overall price changes of capital goods and services used for investment in the Barbadian economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the cost dynamics affecting business investment, which is a crucial driver of economic growth and productivity in Barbados.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and construction firms by the Barbados Statistical Service.
Q: How is this trend used in economic policy?
A: The Price Level of Capital Formation is used by the Central Bank of Barbados and international institutions to monitor inflationary pressures and guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Barbados (PLICPPBBA670NRUG), retrieved from FRED.