Total Factor Productivity Level at Current Purchasing Power Parities for Fiji
CTFPPPFJA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
20.35%
Date Range
1/1/1980 - 1/1/2019
Summary
This economic trend measures the total factor productivity level for Fiji, adjusting for purchasing power parity. It provides insights into the overall efficiency and technological progress of the Fijian economy.
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 a macroeconomic measure of long-term technological change and efficiency. The TFP level for Fiji, adjusted for purchasing power, reflects the country's economic output relative to its capital and labor inputs, offering valuable context for analysts and policymakers.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts and labor force statistics.
Historical Context
Trends in Fiji's TFP level can inform economic policy decisions and help analysts understand the drivers of the country's economic growth.
Key Facts
- Fiji's TFP level was 0.75 in 2020.
- TFP growth is a key driver of long-term economic expansion.
- Purchasing power parity adjustments enable cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity level for Fiji, adjusting for purchasing power parity. It provides insights into the overall efficiency and technological progress of the Fijian economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in Fiji's TFP level offer valuable context for understanding the drivers of the country's economic growth and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Trends in Fiji's TFP level can inform economic policy decisions and help analysts understand the country's economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and labor force statistics for Fiji.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Fiji (CTFPPPFJA669NRUG), retrieved from FRED.