Total Factor Productivity Level at Current Purchasing Power Parities for United Kingdom
CTFPPPGBA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-17.04%
Date Range
1/1/1954 - 1/1/2019
Summary
This metric tracks changes in the total factor productivity level for the United Kingdom, a key indicator of economic efficiency and potential growth.
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) measures the overall productivity of an economy, considering inputs like labor and capital. Analyzing TFP helps economists assess long-term growth potential and the impact of technological innovation.
Methodology
TFP is calculated using data on GDP, employment, and capital stocks, adjusted for purchasing power parity.
Historical Context
Policymakers and analysts use TFP to gauge an economy's capacity for sustainable expansion.
Key Facts
- TFP levels reflect an economy's technological progress and efficient use of resources.
- The UK's TFP has grown modestly in recent decades, a factor in its overall economic performance.
- Analyzing TFP helps policymakers identify opportunities to boost long-term growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in the total factor productivity level for the United Kingdom, which reflects the overall efficiency and technological progress of the economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of an economy's long-term growth potential, helping policymakers and analysts assess factors driving productivity and sustainable expansion.
Q: How is this data collected or calculated?
A: Total factor productivity is calculated using data on GDP, employment, and capital stocks, adjusted for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze TFP to gauge an economy's capacity for sustainable growth and identify opportunities to boost productivity and innovation.
Q: Are there update delays or limitations?
A: There may be lags in data availability and revisions to historical TFP figures as underlying economic inputs are updated.
Related Trends
Output-side Real GDP at Current Purchasing Power Parities for Turkey
CGDPOSTRA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for South Africa
CTFPPPZAA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for El Salvador
CGDPESSVA666NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for the former Yugoslav Republic of Macedonia
CGDPESMKA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Uruguay
CTFPPPUYA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Cape Verde
CGDPESCVA666NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for United Kingdom (CTFPPPGBA669NRUG), retrieved from FRED.