Total Factor Productivity at Constant National Prices for Iraq
RTFPNAIQA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-7.88%
Date Range
1/1/1974 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Iraq measures the overall efficiency of the Iraqi economy in converting inputs like labor and capital into economic output.
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
This metric provides insight into the productivity and technological progress of the Iraqi economy. It is used by economists and policymakers to assess long-term economic growth and competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts data.
Historical Context
Total factor productivity is a key indicator for evaluating economic policies and reforms.
Key Facts
- Iraq's total factor productivity has grown by 2.3% annually since 2010.
- Improvements in productivity are linked to increased investment and technological innovation.
- Higher productivity is associated with rising living standards and international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of the Iraqi economy in converting labor, capital, and other inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of long-term economic growth and competitiveness, providing insights into technological progress and the efficiency of economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use total factor productivity to evaluate the effectiveness of economic reforms and policies aimed at promoting long-term growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually, with a typical delay of 6-12 months.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Iraq (RTFPNAIQA632NRUG), retrieved from FRED.