Price Level of Capital Formation for Burkina Faso
PLICPPBFA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-9.25%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Capital Formation for Burkina Faso measures changes in the cost of fixed assets and investments in the country's economy over time. It is a key indicator for understanding capital expenditure and economic development trends.
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 prices paid for capital goods in Burkina Faso, including machinery, equipment, and construction materials. It provides insight into the costs associated with business investment and infrastructure projects, which are crucial for economic growth and productivity.
Methodology
The data is collected and calculated by the national statistical agency based on surveys of capital goods prices.
Historical Context
Policymakers and analysts use this index to assess the affordability and competitiveness of capital investment in Burkina Faso's markets.
Key Facts
- Burkina Faso is a landlocked country in West Africa.
- Capital formation is a key driver of economic growth.
- The index has a base year of 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Burkina Faso measures changes in the prices paid for capital goods, including machinery, equipment, and construction materials, over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into the costs and affordability of business investment and infrastructure projects in Burkina Faso, which are crucial for economic development and productivity growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Burkina Faso's national statistical agency based on surveys of capital goods prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the competitiveness and feasibility of capital investment in Burkina Faso's markets, which informs decisions around economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or limitations in geographic or sectoral coverage, as is common with economic indicators from developing countries.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Burkina Faso (PLICPPBFA670NRUG), retrieved from FRED.