Smoothed World Uncertainty Index for Nigeria
This dataset tracks smoothed world uncertainty index for nigeria over time.
Latest Value
0.13
Year-over-Year Change
52.32%
Date Range
7/1/1953 - 4/1/2025
Summary
The Smoothed World Uncertainty Index for Nigeria tracks economic policy uncertainty in the country, providing a measure of volatility that is crucial for policymakers and investors.
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 Nigeria is a composite indicator that captures economic policy-related uncertainty. It is derived from the frequency of newspaper articles that discuss economic policy uncertainty, which has implications for business investment, consumer confidence, and overall economic stability.
Methodology
The data is collected by analyzing the text of global newspapers and applying a proprietary algorithm to quantify policy-related uncertainty.
Historical Context
The index is used by economists, policymakers, and market analysts to assess the business climate and inform decision-making.
Key Facts
- The index ranges from 0 to 1, with higher values indicating greater uncertainty.
- Nigeria's uncertainty index has fluctuated significantly over the past decade, reflecting political and economic volatility.
- Elevated uncertainty levels can negatively impact investment, hiring, and consumer spending.
FAQs
Q: What does the Smoothed World Uncertainty Index for Nigeria measure?
A: The index measures economic policy-related uncertainty in Nigeria, based on the frequency of relevant newspaper articles.
Q: Why is this trend relevant for users or analysts?
A: The index provides valuable insights into the business climate and can inform investment decisions, as well as economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected by analyzing the text of global newspapers and applying a proprietary algorithm to quantify policy-related uncertainty.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the index to assess the business climate and inform decision-making, as elevated uncertainty can impact investment, hiring, and consumer spending.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be some delays in data availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Smoothed World Uncertainty Index for Nigeria (WUIMANGA), retrieved from FRED.