Annual
BPFADI03RUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,878,480,000.00
Year-over-Year Change
1497.81%
Date Range
1/1/1994 - 1/1/2011
Summary
The Annual trend measures the annual change in total factor productivity, a key indicator of economic efficiency and technological progress.
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 (TFP) represents the efficiency with which labor and capital inputs are used in production. Economists closely monitor TFP trends to assess an economy's underlying growth potential.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Historical Context
Policymakers and analysts use TFP data to inform macroeconomic forecasts and evaluate the long-term drivers of economic growth.
Key Facts
- TFP growth has averaged 1.0% per year since 1987.
- Rapid TFP growth is associated with technological breakthroughs.
- Sustained TFP gains are crucial for raising living standards.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total factor productivity, which captures how efficiently an economy uses its labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP growth is a key driver of long-term economic expansion, so this metric is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework that measures the contribution of labor, capital, and technological progress.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor TFP trends to assess an economy's underlying growth potential and inform macroeconomic forecasts and policy decisions.
Q: Are there update delays or limitations?
A: The Annual TFP data is published with a lag of several months, and revisions may occur as new information becomes available.
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Citation
U.S. Federal Reserve, Annual (BPFADI03RUA637N), retrieved from FRED.