Annual
BPFAOI02EZA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8,288,000,000.00
Year-over-Year Change
-95.40%
Date Range
1/1/1998 - 1/1/2012
Summary
The Annual trend measures the average annual growth rate of U.S. total factor productivity, a key economic indicator of technological progress and efficiency gains.
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) tracks the efficiency of combined inputs like labor and capital in the production process. The Annual trend provides a high-level perspective on overall productivity growth in the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using established methods for TFP estimation.
Historical Context
Policymakers and economists closely monitor TFP trends to assess economic potential and inform policy decisions.
Key Facts
- TFP growth has averaged 0.7% annually from 2010-2020.
- Productivity is a key driver of long-term economic expansion.
- Declining TFP growth can signal structural economic challenges.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average annual growth rate of total factor productivity (TFP) in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: TFP growth is a crucial indicator of technological progress and efficiency gains, which drive long-term economic expansion.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using established methods for estimating total factor productivity.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor TFP trends to assess the economy's productive potential and inform policy decisions.
Q: Are there update delays or limitations?
A: The Annual TFP data is released with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (BPFAOI02EZA636N), retrieved from FRED.