Total Factor Productivity at Constant National Prices for Spain
RTFPNAESA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-1.55%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Total Factor Productivity at Constant National Prices for Spain' measures the overall efficiency of the Spanish economy, providing insights into long-term growth and competitiveness.
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 tracks changes in the combined productivity of labor and capital inputs in Spain, offering a broad assessment of the nation's economic performance. It is a key metric used by policymakers and analysts to evaluate and forecast economic trends.
Methodology
The data is calculated by the Federal Reserve based on national accounts and production inputs.
Historical Context
Total factor productivity is closely monitored by economists and policymakers to guide fiscal, monetary, and structural reforms.
Key Facts
- Spain's total factor productivity has grown by 0.4% annually on average since 2010.
- High total factor productivity is associated with improved living standards and international competitiveness.
- The metric accounts for both labor and capital inputs to provide a comprehensive view of economic efficiency.
FAQs
Q: What does this economic trend measure?
A: The 'Total Factor Productivity at Constant National Prices for Spain' measures the overall efficiency of the Spanish economy by tracking changes in the combined productivity of labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of long-term economic growth and competitiveness, providing insights that guide policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts and production inputs for the Spanish economy.
Q: How is this trend used in economic policy?
A: Total factor productivity is closely monitored by economists and policymakers to evaluate the efficiency of the Spanish economy and guide fiscal, monetary, and structural reforms.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with a lag, and may be subject to revisions as more information becomes available.
Related Trends
Share of Labour Compensation in GDP at Current National Prices for Japan
LABSHPJPA156NRUG
Share of Labour Compensation in GDP at Current National Prices for Republic of Korea
LABSHPKRA156NRUG
Capital Stock at Constant National Prices for Sierra Leone
RKNANPSLA666NRUG
Real GDP at Constant National Prices for Pakistan
RGDPNAPKA666NRUG
Total Factor Productivity at Constant National Prices for Thailand
RTFPNATHA632NRUG
Share of Labour Compensation in GDP at Current National Prices for Sri Lanka
LABSHPLKA156NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Spain (RTFPNAESA632NRUG), retrieved from FRED.