Total Factor Productivity Level at Current Purchasing Power Parities for Germany
CTFPPPDEA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
-9.93%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Germany measures the overall efficiency of the German economy. It is a key indicator used by economists and policymakers to analyze long-term economic growth and competitiveness.
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 captures the combined productivity of labor and capital inputs in the German economy, providing insights into technological progress and efficient resource utilization. It is a valuable tool for evaluating Germany's economic performance relative to other countries and over time.
Methodology
The data is calculated by the Conference Board using a growth accounting framework that considers multiple production factors.
Historical Context
Trends in total factor productivity are closely monitored by the German government, central bank, and international economic institutions to inform policy decisions.
Key Facts
- Germany's total factor productivity level was 0.976 in 2021.
- Total factor productivity grew by 0.5% in Germany in 2021.
- Germany's total factor productivity is higher than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency and productivity of the German economy, capturing the combined contribution of labor, capital, and technological progress.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of long-term economic competitiveness and growth potential, making it highly relevant for economists, policymakers, and investors analyzing the German economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework that considers multiple production factors.
Q: How is this trend used in economic policy?
A: Trends in total factor productivity are closely monitored by the German government, central bank, and international economic institutions to inform policy decisions related to competitiveness, investment, and economic growth strategies.
Q: Are there update delays or limitations?
A: The total factor productivity data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Germany (CTFPPPDEA669NRUG), retrieved from FRED.