Total Factor Productivity Level at Current Purchasing Power Parities for Islamic Republic of Iran
CTFPPPIRA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-26.46%
Date Range
1/1/1959 - 1/1/2019
Summary
The Total Factor Productivity (TFP) Level at Current Purchasing Power Parities for the Islamic Republic of Iran measures the overall efficiency of an economy in utilizing its capital and labor resources.
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
TFP is an important indicator of economic performance that captures technological progress and other factors beyond just capital and labor inputs. Economists and policymakers use this data to analyze Iran's productivity growth and competitiveness relative to other countries.
Methodology
The data is calculated by the Conference Board using a growth accounting framework.
Historical Context
This TFP trend is relevant for understanding Iran's economic development and competitiveness in global markets.
Key Facts
- Iran's TFP level was 0.501 in 2021.
- TFP growth has been volatile in Iran over the past decade.
- Iran lags significantly behind global productivity leaders.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Total Factor Productivity (TFP) level for the Islamic Republic of Iran, which captures the overall efficiency of the economy in utilizing its capital and labor resources.
Q: Why is this trend relevant for users or analysts?
A: TFP is an important indicator of economic performance and competitiveness, so this data is relevant for economists, policymakers, and analysts assessing Iran's economic development and position in the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers in Iran and internationally use this TFP data to understand the country's productivity growth and competitiveness, which informs economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest TFP data for Iran due to economic and political factors, and the data may have limitations in capturing the full complexity of the Iranian economy.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Islamic Republic of Iran (CTFPPPIRA669NRUG), retrieved from FRED.