Total Factor Productivity Level at Current Purchasing Power Parities for Indonesia
CTFPPPIDA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
6.66%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Indonesia measures the overall efficiency of production in the Indonesian economy. It is a key indicator for economists and policymakers to assess the long-term growth potential of the country.
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 the efficiency with which labor, capital, and other inputs are used in production. The TFP level for Indonesia, adjusted for purchasing power differences, provides insights into the country's productive capacity and competitiveness compared to other economies.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
Policymakers and analysts use this TFP metric to evaluate Indonesia's economic performance and guide policy decisions.
Key Facts
- Indonesia's TFP level was 0.51 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Indonesia aims to boost productivity to achieve its development goals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity (TFP) level for Indonesia, which reflects the overall efficiency of production in the economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator for assessing Indonesia's long-term growth potential and economic competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this TFP metric to evaluate Indonesia's economic performance and guide policy decisions aimed at boosting productivity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent economic conditions in Indonesia.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Indonesia (CTFPPPIDA669NRUG), retrieved from FRED.