Total Factor Productivity Level at Current Purchasing Power Parities for Peru
CTFPPPPEA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-10.29%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Peru measures the overall efficiency of a country's production processes. It is a key indicator for economists and policymakers analyzing economic growth and competitiveness.
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
This metric provides insight into how effectively a country combines its labor, capital, and technology to generate economic output. It is used to evaluate productivity trends and inform decisions around infrastructure, education, and other policies aimed at boosting national productivity.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
Tracking this productivity trend is crucial for policymakers seeking to enhance Peru's global economic competitiveness.
Key Facts
- Peru's total factor productivity level was 0.49 in 2019.
- Productivity growth is a key driver of long-term economic expansion.
- Improving productivity is a priority for Peru's economic development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of Peru's production processes by evaluating how effectively the country combines labor, capital, and technology to generate economic output.
Q: Why is this trend relevant for users or analysts?
A: Tracking Peru's total factor productivity is crucial for economists and policymakers seeking to understand the country's economic competitiveness and identify opportunities to boost long-term growth.
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 use this productivity metric to inform decisions around infrastructure, education, and other initiatives aimed at enhancing Peru's global economic competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Conference Board.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Peru (CTFPPPPEA669NRUG), retrieved from FRED.