Total Factor Productivity at Constant National Prices for Botswana
RTFPNABWA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-26.93%
Date Range
1/1/1964 - 1/1/2019
Summary
Total Factor Productivity (TFP) at Constant National Prices for Botswana measures the efficiency of economic production, shedding light on a country's long-term 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
TFP is an economic measure that captures the overall productivity of labor and capital in an economy. It is a key indicator of technological progress and innovation, which drive sustainable economic growth over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts and productivity data for Botswana.
Historical Context
Policymakers and analysts use TFP trends to assess a country's competitiveness and prospects for future development.
Key Facts
- TFP for Botswana has grown by over 2% annually since 2010.
- High TFP is associated with rapid and sustainable economic development.
- Botswana has one of the highest TFP levels in Sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: Total Factor Productivity (TFP) at Constant National Prices for Botswana measures the overall efficiency of economic production in the country.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of technological progress and innovation, which drive long-term economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts and productivity data for Botswana.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use TFP trends to assess a country's competitiveness and prospects for future economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into Botswana's productivity trends.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Botswana (RTFPNABWA632NRUG), retrieved from FRED.