Total Factor Productivity Level at Current Purchasing Power Parities for Slovakia
CTFPPPSKA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
-14.34%
Date Range
1/1/1994 - 1/1/2019
Summary
This trend measures the level of total factor productivity in Slovakia, which is a key indicator of economic efficiency and 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) is a measure of economic output that is not accounted for by inputs like labor and capital. Changes in TFP are often used to gauge technological progress and improvements in production efficiency.
Methodology
The data is calculated by the OECD using a growth accounting framework.
Historical Context
TFP trends are closely monitored by policymakers and analysts to inform economic and productivity policies.
Key Facts
- Slovakia's TFP level is currently 83.44 (2015=100).
- TFP has grown by an average of 1.1% annually since 2010.
- Improving TFP is a key priority for boosting Slovakia's long-term economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of total factor productivity (TFP) in Slovakia, which captures economic output not explained by labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of an economy's technological progress and production efficiency, making it highly relevant for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor TFP trends to inform policies aimed at boosting long-term economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD, so there may be a delay of up to a year in the most recent observations.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Slovakia (CTFPPPSKA669NRUG), retrieved from FRED.