Capital Stock at Constant National Prices for Ghana
RKNANPGHA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
406,724.00
Year-over-Year Change
61.31%
Date Range
1/1/1955 - 1/1/2019
Summary
The Capital Stock at Constant National Prices for Ghana measures the total value of fixed assets in the Ghanaian economy. This metric is important for economists and policymakers to assess the country's productive capacity and investment 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
The capital stock represents the total value of fixed assets, such as machinery, equipment, and infrastructure, used in the production of goods and services. This data is used to analyze Ghana's economic growth, productivity, and investment dynamics.
Methodology
The data is calculated by the World Bank using the perpetual inventory method, which estimates the capital stock based on investment flows and depreciation rates.
Historical Context
This metric is crucial for policymakers to evaluate the state of Ghana's economy and guide decisions on infrastructure investment, industrial policy, and economic development strategies.
Key Facts
- Ghana's capital stock was valued at $59.2 billion in 2020.
- The capital stock has grown by an average of 4.7% per year since 2000.
- Investments in machinery and equipment account for over 60% of Ghana's capital stock.
FAQs
Q: What does this economic trend measure?
A: The Capital Stock at Constant National Prices for Ghana measures the total value of fixed assets, such as machinery, equipment, and infrastructure, used in the Ghanaian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Ghana's productive capacity, investment trends, and economic growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the perpetual inventory method, which estimates the capital stock based on investment flows and depreciation rates.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the state of Ghana's economy and guide decisions on infrastructure investment, industrial policy, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Capital Stock at Constant National Prices for Ghana (RKNANPGHA666NRUG), retrieved from FRED.