Total Factor Productivity Level at Current Purchasing Power Parities for Honduras
CTFPPPHNA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-21.52%
Date Range
1/1/1970 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Honduras measures the overall efficiency of the Honduran economy. It is a key indicator for economists and policymakers assessing the country's economic performance and potential for 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
This metric represents the combined productivity of labor and capital inputs in Honduras, adjusted for differences in purchasing power. It provides insights into the fundamental drivers of the Honduran economy beyond simple measures like GDP.
Methodology
The data is calculated by the Federal Reserve using a range of economic indicators and statistical modeling.
Historical Context
Policymakers and analysts use this trend to evaluate the Honduran economy's competitiveness and guide economic development strategies.
Key Facts
- Honduras has seen steady increases in total factor productivity since the early 2000s.
- Productivity growth is a key driver of long-term economic expansion in developing countries.
- The measure accounts for both labor and capital inputs in assessing overall efficiency.
FAQs
Q: What does this economic trend measure?
A: This metric represents the overall productivity and efficiency of the Honduran economy, capturing the combined impact of labor, capital, and other factors of production.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a fundamental indicator of a country's economic competitiveness and growth potential, making it crucial for policymakers, investors, and analysts assessing the Honduran economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this measure using a range of economic data and statistical modeling techniques.
Q: How is this trend used in economic policy?
A: Policymakers in Honduras and globally use this metric to guide economic development strategies, assess the impacts of reforms, and benchmark the country's performance against peers.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as new information becomes available. Users should consult the source for the most up-to-date information and details on methodological changes.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Honduras (CTFPPPHNA669NRUG), retrieved from FRED.