World Pandemic Uncertainty Index for Venezuela
WUPIVEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1996 - 4/1/2025
Summary
The World Pandemic Uncertainty Index for Venezuela measures economic uncertainty related to the COVID-19 pandemic in Venezuela. This metric is valuable for understanding the pandemic's impact on the Venezuelan economy and informing policy responses.
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 World Pandemic Uncertainty Index (WPUI) is a novel data series that tracks economic uncertainty stemming from the COVID-19 pandemic across global economies. The WUPIVEN series specifically measures this uncertainty for Venezuela, providing insights into how the pandemic has affected the country's economic outlook.
Methodology
The WUPIVEN index is calculated based on the frequency of pandemic-related keywords in Venezuelan news media.
Historical Context
The WUPIVEN index can help policymakers and analysts assess the pandemic's economic effects in Venezuela and guide appropriate fiscal and monetary policies.
Key Facts
- The WUPIVEN index reached a record high in April 2020 during the initial COVID-19 outbreak.
- Venezuela's WUPIVEN index has been more volatile than the global WPUI average since the pandemic began.
- Elevated WUPIVEN levels indicate heightened economic uncertainty and risk in Venezuela related to the pandemic.
FAQs
Q: What does the World Pandemic Uncertainty Index for Venezuela measure?
A: The WUPIVEN index measures economic uncertainty in Venezuela that is specifically related to the COVID-19 pandemic. It tracks the frequency of pandemic-related keywords in Venezuelan news media.
Q: Why is the WUPIVEN index relevant for users or analysts?
A: The WUPIVEN index provides valuable insights into how the COVID-19 pandemic has affected the economic outlook and uncertainty in Venezuela. This information can inform policy decisions and help analysts assess the pandemic's impact on the Venezuelan economy.
Q: How is the WUPIVEN data collected and calculated?
A: The WUPIVEN index is calculated based on the frequency of pandemic-related keywords appearing in Venezuelan news media sources.
Q: How is the WUPIVEN index used in economic policy?
A: Policymakers and economists can use the WUPIVEN index to gauge the pandemic's effects on the Venezuelan economy and guide appropriate fiscal, monetary, and other policy responses.
Q: Are there any limitations or delays with the WUPIVEN data?
A: As a novel data series, the WUPIVEN index may be subject to more frequent revisions or updates compared to traditional economic indicators. Users should check for the latest available data and be aware of any potential time lags in its publication.
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Citation
U.S. Federal Reserve, World Pandemic Uncertainty Index for Venezuela (WUPIVEN), retrieved from FRED.