Total Factor Productivity Level at Current Purchasing Power Parities for Cote d'Ivoire
CTFPPPCIA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
12.41%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Cote d'Ivoire measures the overall efficiency of a country's production processes. It is a key indicator for economists and policymakers to assess a nation's economic performance and potential for growth.
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 level of total factor productivity in Cote d'Ivoire, taking into account the country's purchasing power parity. It provides insights into the overall productivity of labor and capital inputs used in the production process, which is crucial for understanding a nation's economic competitiveness and development.
Methodology
The data is calculated by the U.S. Federal Reserve using a standardized methodology to measure total factor productivity across countries.
Historical Context
Policymakers and analysts use this trend to evaluate Cote d'Ivoire's economic landscape and inform decisions related to investment, trade, and growth strategies.
Key Facts
- Cote d'Ivoire's total factor productivity level was 0.314 in 2020.
- The trend has shown modest growth over the past decade.
- Total factor productivity is a key driver of long-term economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall efficiency of production processes in Cote d'Ivoire, taking into account the country's purchasing power parity. It provides insights into the productivity of labor and capital inputs used in the production process.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Cote d'Ivoire's economic competitiveness and development potential. It informs policymakers and analysts about the country's production efficiency, which is a key driver of long-term economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a standardized methodology to measure total factor productivity across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Cote d'Ivoire's economic landscape and inform decisions related to investment, trade, and growth strategies.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Cote d'Ivoire (CTFPPPCIA669NRUG), retrieved from FRED.