Smoothed World Uncertainty Index for Albania
WUIMAALB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-16.02%
Date Range
7/1/1956 - 4/1/2025
Summary
The Smoothed World Uncertainty Index for Albania measures global economic uncertainty and its impact on the Albanian economy. This metric is crucial for policymakers and economists to understand Albania's exposure to global economic risks.
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 Smoothed World Uncertainty Index for Albania is a measure of economic policy uncertainty developed by the World Bank. It tracks the frequency of the term 'uncertainty' in leading international newspapers, providing a real-time gauge of global economic conditions and their potential impact on the Albanian economy.
Methodology
The data is calculated based on an algorithmic analysis of news articles published in major international newspapers.
Historical Context
This index helps policymakers and analysts assess Albania's vulnerability to global economic shocks and inform policy decisions.
Key Facts
- The index ranges from 0 to 1, with higher values indicating greater uncertainty.
- Albania's index reached a peak in 2020 amid the COVID-19 pandemic.
- The index is updated on a quarterly basis.
FAQs
Q: What does the Smoothed World Uncertainty Index for Albania measure?
A: The index measures the level of economic uncertainty and its impact on the Albanian economy by tracking the frequency of the term 'uncertainty' in major international news sources.
Q: Why is this trend relevant for users or analysts?
A: The index helps policymakers and economists assess Albania's vulnerability to global economic shocks and inform policy decisions to mitigate the impact of uncertainty on the Albanian economy.
Q: How is this data collected or calculated?
A: The data is calculated based on an algorithmic analysis of news articles published in major international newspapers.
Q: How is this trend used in economic policy?
A: The Smoothed World Uncertainty Index for Albania provides a real-time gauge of global economic conditions and their potential impact on the Albanian economy, which can inform policymakers' decisions and assessments.
Q: Are there update delays or limitations?
A: The index is updated on a quarterly basis, and there may be some delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Smoothed World Uncertainty Index for Albania (WUIMAALB), retrieved from FRED.