Total Factor Productivity Level at Current Purchasing Power Parities for Macao
CTFPPPMOA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.25
Year-over-Year Change
-27.84%
Date Range
1/1/1980 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Macao measures the combined efficiency of labor and capital in producing economic output in Macao. This metric is important for analyzing productivity trends and drivers of economic 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) is a measure of the overall efficiency of an economy in utilizing its factors of production, including labor and capital. The TFP level for Macao adjusts for differences in purchasing power parities to allow for cross-country comparisons.
Methodology
The data is calculated by the Conference Board using national accounts data and other statistical sources.
Historical Context
Policymakers and economists use TFP to understand sources of economic growth and make informed decisions.
Key Facts
- Macao's TFP level was 0.99 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Macao's TFP level is measured relative to the U.S. level of 1.0.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity Level at Current Purchasing Power Parities for Macao measures the overall efficiency of Macao's economy in utilizing labor and capital to produce output.
Q: Why is this trend relevant for users or analysts?
A: TFP is an important indicator of an economy's productive capacity and a key driver of long-term economic growth. Analyzing TFP trends can provide insights into the sources of a country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts data and other statistical sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use TFP analysis to understand the factors contributing to economic growth and make informed decisions about policies that can enhance productivity and competitiveness.
Q: Are there update delays or limitations?
A: The TFP data for Macao is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Macao (CTFPPPMOA669NRUG), retrieved from FRED.