Total Factor Productivity Level at Current Purchasing Power Parities for the Plurinational State of Bolivia
CTFPPPBOA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
18.53%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic indicator measures the total factor productivity level of Bolivia's economy, adjusted for purchasing power parity. It provides insights into the efficiency and technological progress of the country's production processes.
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) is an important metric that captures how efficiently an economy uses its inputs of labor and capital to generate output. The TFP level at current purchasing power parities adjusts this measure to account for differences in relative prices across countries, enabling cross-country comparisons.
Methodology
The data is calculated by the Federal Reserve based on information from the Penn World Table database.
Historical Context
Policymakers and economists use TFP to analyze a country's long-term economic growth potential and competitiveness.
Key Facts
- Bolivia's TFP level was 0.447 in 2019.
- TFP has grown by an average of 0.5% per year in Bolivia since 2010.
- Bolivia's TFP level is about 45% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total factor productivity level of Bolivia's economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: TFP is an important metric for understanding a country's long-term economic growth potential and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on information from the Penn World Table database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use TFP data to analyze a country's productivity and make assessments about its economic growth prospects.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the underlying Penn World Table source.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for the Plurinational State of Bolivia (CTFPPPBOA669NRUG), retrieved from FRED.