Total Factor Productivity Level at Current Purchasing Power Parities for Bahrain
CTFPPPBHA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
-7.47%
Date Range
1/1/1974 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Bahrain measures the overall efficiency of an economy in utilizing its capital and labor resources. It is a key indicator for economists and policymakers in assessing a country's long-term growth potential.
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 productivity of capital and labor inputs in Bahrain's economy, adjusted for differences in purchasing power across countries. It provides insights into the level of technological progress, innovation, and efficiency driving economic growth.
Methodology
The data is calculated by the Conference Board using national accounts, labor force, and investment data.
Historical Context
Policymakers use this metric to evaluate Bahrain's economic competitiveness and identify areas for productivity-enhancing reforms.
Key Facts
- Bahrain's total factor productivity level was 0.75 in 2021.
- Productivity growth is a key driver of long-term economic expansion.
- Improving total factor productivity is a priority for many developing economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of Bahrain's economy in converting capital and labor inputs into economic output, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a crucial indicator of an economy's long-term growth potential, competitiveness, and capacity for innovation.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts, labor force, and investment data.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate Bahrain's economic competitiveness and identify areas for productivity-enhancing reforms.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes within a given year.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Bahrain (CTFPPPBHA669NRUG), retrieved from FRED.