Total Factor Productivity Level at Current Purchasing Power Parities for Cameroon
CTFPPPCMA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
5.09%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity (TFP) Level at Current Purchasing Power Parities for Cameroon measures the overall efficiency of a country's production processes, providing insights into its economic performance.
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
TFP is an important macroeconomic indicator that captures how effectively a country combines labor, capital, and other inputs to generate economic output. It serves as a proxy for technological progress and innovation, which are crucial drivers of long-term economic growth.
Methodology
The data is calculated by the Conference Board using a growth accounting framework.
Historical Context
Policymakers and economists use TFP trends to assess a country's competitiveness and potential for future growth.
Key Facts
- Cameroon's TFP level was 0.42 in 2021.
- TFP growth is a key driver of long-term economic development.
- Improving TFP can boost a country's global competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity (TFP) Level at Current Purchasing Power Parities for Cameroon measures the overall efficiency of Cameroon's production processes.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of a country's economic performance and competitiveness, as it reflects technological progress and innovation, which drive long-term growth.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers and economists use TFP trends to assess a country's competitiveness and potential for future growth, informing economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Conference Board.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Cameroon (CTFPPPCMA669NRUG), retrieved from FRED.