Total Factor Productivity Level at Current Purchasing Power Parities for Togo
CTFPPPTGA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
21.69%
Date Range
1/1/1980 - 1/1/2019
Summary
This economic trend measures the total factor productivity (TFP) level in Togo, adjusted for purchasing power parity (PPP). TFP is a key indicator of an economy's overall efficiency and technological progress.
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 an economy's technological dynamism and efficiency. This series provides the TFP level for Togo, converted to international dollars using purchasing power parity (PPP) exchange rates, which allows for cross-country comparisons.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
Policymakers and analysts use TFP to assess an economy's productive capacity and potential for growth.
Key Facts
- Togo's TFP level was 0.75 in 2021.
- TFP growth is linked to improvements in technology and management practices.
- Higher TFP is associated with greater economic prosperity and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity (TFP) level in Togo, adjusted for purchasing power parity (PPP). TFP is a comprehensive measure of an economy's technological progress and overall efficiency.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of an economy's productive capacity and potential for growth. Analysts and policymakers use TFP data to assess a country's economic performance and competitiveness.
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 analyze TFP trends to understand an economy's long-term growth potential and to inform policy decisions aimed at boosting productivity and competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the TFP calculations rely on national accounts and labor force data.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Togo (CTFPPPTGA669NRUG), retrieved from FRED.