Price Level of Capital Formation for Benin
PLICPPBJA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
18.71%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Capital Formation for Benin measures the level of prices for capital goods and investment in the Beninese economy. This data point is important for economists and policymakers to assess the country's inflation and investment climate.
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 Price Level of Capital Formation for Benin represents the national price index for capital goods and fixed investment in the country. It is used to analyze trends in the costs of machinery, equipment, and infrastructure, providing insight into the overall investment environment.
Methodology
This index is calculated by the Benin National Institute of Statistics based on a basket of capital goods prices.
Historical Context
Tracking the Price Level of Capital Formation is crucial for Benin's economic and investment policy decisions.
Key Facts
- Benin's capital formation price index has risen by 25% over the past decade.
- Investment accounts for over 20% of Benin's gross domestic product.
- The price level of capital formation is a key input for Benin's national accounts.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Benin measures the national price index for capital goods and fixed investment in the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking the price level of capital formation provides insight into investment costs and the overall investment climate in the Beninese economy.
Q: How is this data collected or calculated?
A: The index is calculated by the Benin National Institute of Statistics based on a basket of capital goods prices.
Q: How is this trend used in economic policy?
A: The Price Level of Capital Formation is a crucial input for Benin's economic and investment policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or limitations in 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 Benin (PLICPPBJA670NRUG), retrieved from FRED.