Total Factor Productivity Level at Current Purchasing Power Parities for Slovenia
CTFPPPSIA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-10.92%
Date Range
1/1/1994 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Slovenia measures the overall efficiency of the Slovenian economy. It is a key indicator used by economists and policymakers to assess long-term 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
This indicator represents the productivity of all inputs (labor, capital, and technology) used in the Slovenian economy. It provides insight into the underlying drivers of economic output beyond just employment and investment levels.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) using a production function approach.
Historical Context
Economists closely monitor this trend to understand Slovenia's competitiveness and potential for sustainable growth.
Key Facts
- Slovenia's total factor productivity level was 83.44 in 2021.
- Productivity growth is a key driver of long-term economic expansion.
- Improving total factor productivity is a policy priority for many nations.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall productivity and efficiency of the Slovenian economy, capturing the combined contributions of labor, capital, and technology.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a crucial metric for understanding the underlying drivers of economic growth beyond just employment and investment levels.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a production function approach to measure the combined productivity of all economic inputs.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to assess Slovenia's competitiveness and identify opportunities to boost long-term sustainable growth through productivity improvements.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD, with a slight delay in availability compared to some other economic indicators.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Slovenia (CTFPPPSIA669NRUG), retrieved from FRED.