Total Factor Productivity Level at Current Purchasing Power Parities for Bulgaria
CTFPPPBGA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-14.43%
Date Range
1/1/1974 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Bulgaria measures the overall efficiency of the Bulgarian economy. It is a key indicator used by economists and policymakers to analyze productivity growth and economic competitiveness.
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 represents the combined efficiency of labor and capital inputs in producing economic output in Bulgaria. It is used to evaluate the nation's long-term productivity trends and benchmark its performance relative to other countries.
Methodology
The data is calculated by the Conference Board based on GDP, employment, and capital stock information.
Historical Context
Tracking this productivity trend helps inform macroeconomic policy decisions and business investment strategies.
Key Facts
- Bulgaria's total factor productivity level was 36.7 in 2020.
- Productivity growth has averaged 1.4% annually from 2010-2020.
- Bulgaria ranks below the OECD average on this metric.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall efficiency of the Bulgarian economy in converting labor and capital inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: Tracking total factor productivity is crucial for assessing a country's long-term competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on GDP, employment, and capital stock information.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform macroeconomic policies and business investment strategies aimed at boosting productivity and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the full impact of recent economic events.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Bulgaria (CTFPPPBGA669NRUG), retrieved from FRED.