Total Factor Productivity Level at Current Purchasing Power Parities for Hungary
CTFPPPHUA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-11.98%
Date Range
1/1/1974 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Hungary measures the overall efficiency of the Hungarian economy. It is a key indicator for economists and policymakers to assess long-term economic 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
This metric captures the combined productivity of labor, capital, and other inputs in the Hungarian economy. It is used to evaluate the country's competitiveness and capacity for sustainable development compared to other nations.
Methodology
The data is calculated by the U.S. Conference Board based on national accounts and labor force statistics.
Historical Context
Policymakers and analysts use this trend to inform decisions about investments, trade, and economic reforms.
Key Facts
- Hungary's TFP level was 56.56 in 2021.
- TFP growth has averaged 1.5% per year since 2000.
- Hungary ranks 39th globally in the 2022 Global Competitiveness Report.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall productivity and efficiency of the Hungarian economy, capturing the combined output of labor, capital, and other inputs.
Q: Why is this trend relevant for users or analysts?
A: The TFP level is a key indicator of Hungary's economic competitiveness and long-term growth potential, which is crucial information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this TFP trend to inform decisions about investments, trade policies, and structural reforms aimed at boosting long-term productivity and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, so the most recent figures may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Hungary (CTFPPPHUA669NRUG), retrieved from FRED.