Total Factor Productivity Level at Current Purchasing Power Parities for Mauritius
CTFPPPMUA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.28
Year-over-Year Change
1.07%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures the total factor productivity level of Mauritius, which reflects the overall efficiency of its economy. It is a key indicator for economists and policymakers in understanding a country's long-term 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
Total factor productivity (TFP) represents the overall efficiency of an economy, capturing factors beyond just labor and capital inputs. The TFP level for Mauritius provides insights into the country's technological progress and ability to utilize resources effectively.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
TFP is widely used by economists and analysts to assess a country's economic competitiveness and capacity for sustainable growth.
Key Facts
- Mauritius has seen steady TFP growth over the past decade.
- TFP is a crucial driver of long-term economic expansion.
- High TFP indicates a country's ability to use resources effectively.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity (TFP) level of Mauritius, which captures the overall efficiency and technological progress of the Mauritian economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of a country's long-term growth potential, as it reflects the ability to utilize labor, capital, and other resources effectively. Monitoring Mauritius' TFP level provides insights into its economic competitiveness and capacity for sustainable development.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use Mauritius' TFP level to assess the country's economic competitiveness, identify areas for productivity improvements, and formulate policies to support long-term growth.
Q: Are there update delays or limitations?
A: The TFP data for Mauritius is published with a lag, and may not capture the most recent economic conditions. Additionally, the methodology used to calculate TFP can vary across different sources and may have certain limitations in fully capturing all efficiency factors.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Mauritius (CTFPPPMUA669NRUG), retrieved from FRED.