Price Level of Capital Formation for Jamaica
PLICPPJMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
20.11%
Date Range
1/1/1953 - 1/1/2019
Summary
The Price Level of Capital Formation for Jamaica measures the inflation rate of capital investment goods in the Jamaican economy. This metric is crucial for policymakers and investors to understand the cost dynamics of business and infrastructure projects.
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 Jamaica tracks the prices of a basket of capital goods, such as machinery, equipment, and construction materials. It serves as an important indicator of the investment climate and can inform decisions around capital expenditures and economic development strategies.
Methodology
The data is collected by the Jamaican Statistical Institute through surveys of businesses and construction firms.
Historical Context
Monitoring this trend helps the Central Bank of Jamaica and international investors assess the broader macroeconomic conditions and investment potential in the country.
Key Facts
- The base year for the index is 2015.
- Capital formation accounts for over 25% of Jamaica's GDP.
- Prices of capital goods have risen by an average of 4% annually since 2017.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for Jamaica measures the inflation rate of capital investment goods, such as machinery, equipment, and construction materials, in the Jamaican economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and investors to understand the cost dynamics of business and infrastructure projects, which informs decisions around capital expenditures and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the Jamaican Statistical Institute through surveys of businesses and construction firms.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps the Central Bank of Jamaica and international investors assess the broader macroeconomic conditions and investment potential in the country.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and the index may not capture all capital goods due to the limited sample size.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for Jamaica (PLICPPJMA670NRUG), retrieved from FRED.