Quarterly, Not Seasonally Adjusted
BPCRTF01DKQ636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,589,000,000.00
Year-over-Year Change
10.65%
Date Range
1/1/1988 - 4/1/2014
Summary
This series measures the quarterly total factor productivity (TFP) growth rate in the United States, not seasonally adjusted. TFP is a key economic indicator used to analyze productivity and efficiency gains in the economy.
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
Total factor productivity measures the overall efficiency of an economy in transforming inputs like labor and capital into economic output. It is an important metric for policymakers and analysts to assess long-term economic growth potential.
Methodology
The data is calculated by the U.S. Federal Reserve based on output, labor, and capital stock measures.
Historical Context
Trends in total factor productivity provide insights into technological progress and the efficient use of resources in the economy.
Key Facts
- TFP growth averaged 0.7% annually from 2010-2020.
- The U.S. experienced a productivity slowdown in the 2000s.
- Improvements in TFP are linked to technological innovation.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly total factor productivity (TFP) growth rate in the United States, which captures overall efficiency gains in the economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in total factor productivity provide key insights into technological progress, the efficient use of resources, and long-term economic growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on measures of output, labor, and capital stock.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use TFP trends to assess productivity gains and the economy's capacity for sustainable growth.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (BPCRTF01DKQ636N), retrieved from FRED.