Total Factor Productivity Level at Current Purchasing Power Parities for Costa Rica
CTFPPPCRA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
22.59%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Costa Rica measures the overall efficiency of an economy's production processes. It is a key metric for economists and policymakers in assessing a country's long-term economic 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 indicator represents the combined productivity of labor and capital inputs in the Costa Rican economy. It provides insights into the level of technological progress, innovation, and efficient resource utilization that drive economic growth over time.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Policymakers and analysts use this metric to evaluate Costa Rica's competitiveness and identify opportunities for productivity-enhancing reforms.
Key Facts
- Costa Rica's total factor productivity level has increased by 36% since 2000.
- High productivity growth is associated with rising living standards in Costa Rica.
- The indicator is measured relative to the United States, which has a value of 1.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall efficiency of production processes in the Costa Rican economy, capturing the combined productivity of labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key metric for evaluating a country's long-term economic growth potential and competitiveness. It provides insights into technological progress, innovation, and efficient resource utilization.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Costa Rica's competitiveness and identify opportunities for productivity-enhancing reforms that can drive long-term economic growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the source, the Conference Board.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Costa Rica (CTFPPPCRA669NRUG), retrieved from FRED.