Total Factor Productivity Level at Current Purchasing Power Parities for New Zealand
CTFPPPNZA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.86
Year-over-Year Change
-0.54%
Date Range
1/1/1954 - 1/1/2019
Summary
This indicator measures the level of total factor productivity (TFP) in New Zealand, adjusted for differences in purchasing power across countries. TFP is a key metric for understanding long-term economic growth and productivity.
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 efficiency with which labor and capital inputs are used in an economy. The TFP level metric compares New Zealand's productivity to a reference group, providing insights into its relative competitiveness and potential for future growth.
Methodology
The data is calculated by the OECD using a growth accounting framework and national accounts information.
Historical Context
Policymakers and economists use TFP levels to assess an economy's productive capacity and inform decisions around infrastructure, education, and other growth-enhancing investments.
Key Facts
- New Zealand's TFP level was 0.90 in 2021, indicating 90% of the reference group's productivity level.
- TFP growth is a key driver of long-term economic expansion.
- Improving TFP can boost living standards and international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the level of total factor productivity (TFP) in New Zealand, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key metric for understanding an economy's long-term growth potential and productive efficiency. Analyzing TFP levels helps policymakers and economists assess New Zealand's competitiveness and identify opportunities for productivity-enhancing investments.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a growth accounting framework and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use TFP levels to assess an economy's productive capacity and inform decisions around infrastructure, education, and other growth-enhancing investments.
Q: Are there update delays or limitations?
A: The data is subject to update delays, as it relies on national accounts information from statistical agencies.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for New Zealand (CTFPPPNZA669NRUG), retrieved from FRED.