Total Factor Productivity at Constant National Prices for Germany
RTFPNADEA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
2.25%
Date Range
1/1/1954 - 1/1/2019
Summary
Total Factor Productivity (TFP) measures the efficiency of an economy in converting inputs like labor and capital into outputs. This key metric helps economists assess long-term economic growth and productivity.
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) represents the portion of output not explained by the amount of inputs used in production. It is a widely used measure of technological progress and economic efficiency.
Methodology
TFP is calculated as a residual after accounting for labor and capital inputs.
Historical Context
TFP is an important indicator for policymakers and analysts assessing a country's long-term economic potential.
Key Facts
- TFP growth slowed in Germany after the 2008 financial crisis.
- Improving TFP is key to sustaining long-term economic expansion.
- Economists use TFP to study the drivers of a country's productivity.
FAQs
Q: What does this economic trend measure?
A: Total Factor Productivity (TFP) measures the efficiency of an economy in converting labor, capital, and other inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of a country's long-term economic potential and technological progress, making it crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: TFP is calculated as a residual after accounting for labor and capital inputs.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use TFP to assess a country's long-term economic growth prospects and identify opportunities to boost productivity.
Q: Are there update delays or limitations?
A: The TFP data may have some delay in publication and can be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Germany (RTFPNADEA632NRUG), retrieved from FRED.