Total Factor Productivity Level at Current Purchasing Power Parities for Gabon
CTFPPPGAA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
26.98%
Date Range
1/1/1964 - 1/1/2019
Summary
This trend measures the total factor productivity level in Gabon, providing insights into the country's economic efficiency and 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
Total factor productivity (TFP) is a measure of economic efficiency that captures the combined impact of technological progress, human capital, and other factors on a country's output beyond the contributions of labor and capital inputs. The TFP level at current purchasing power parities for Gabon is a key indicator for evaluating the nation's economic performance and competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts and labor market statistics.
Historical Context
TFP trends are closely monitored by policymakers and international organizations to assess a country's long-term growth prospects.
Key Facts
- Gabon's TFP level was 0.851 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Improving TFP is a priority for policymakers in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity (TFP) level in Gabon, which captures the overall efficiency of the country's economy beyond just labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of a country's long-term growth potential, as it reflects the combined impact of technological progress, human capital, and other factors on economic output. Monitoring Gabon's TFP level is important for policymakers and economists assessing the nation's competitiveness and development trajectory.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor market statistics.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations closely track TFP trends to assess a country's long-term growth prospects and inform economic development strategies.
Q: Are there update delays or limitations?
A: The TFP data for Gabon may be subject to periodic updates and revisions by the data provider, the Conference Board.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Gabon (CTFPPPGAA669NRUG), retrieved from FRED.