Total Factor Productivity at Constant National Prices for Cote d'Ivoire
RTFPNACIA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
27.44%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Cote d'Ivoire measures the efficiency with which labor and capital inputs are used to produce economic output in the country.
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 economic indicator provides insight into the overall productivity of the Ivorian economy, which is an important driver of long-term economic growth and living standards. It accounts for factors beyond just labor and capital, such as technological progress and efficient allocation of resources.
Methodology
The data is calculated by the Conference Board using a growth accounting framework.
Historical Context
Policymakers and economists use this metric to assess the health and competitiveness of the Ivorian economy.
Key Facts
- Cote d'Ivoire is the world's largest producer and exporter of cocoa beans.
- The Ivorian economy grew by over 6% annually from 2012 to 2019.
- Agriculture accounts for around 20% of Cote d'Ivoire's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall productivity and efficiency of the Ivorian economy, capturing factors beyond just labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key driver of long-term economic growth and living standards, so this metric provides important insights into the competitiveness and health of the Ivorian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the overall productivity and competitiveness of the Ivorian economy, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Cote d'Ivoire (RTFPNACIA632NRUG), retrieved from FRED.