Total Factor Productivity at Constant National Prices for France
RTFPNAFRA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-4.06%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures total factor productivity (TFP) for the French economy at constant national prices. TFP is a key indicator of long-term economic growth and innovation.
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 represents the overall efficiency of an economy, capturing technological progress and other factors beyond just labor and capital inputs. Economists closely monitor TFP trends to understand sources of economic growth.
Methodology
The data is calculated by the Federal Reserve based on national accounts and productivity statistics.
Historical Context
TFP is a vital metric for policymakers and analysts assessing the underlying health and potential of the French economy.
Key Facts
- TFP growth in France has averaged 0.8% annually over the past decade.
- Improving TFP is a key policy goal for boosting long-term French competitiveness.
- TFP is a more comprehensive measure of economic performance than just GDP or labor productivity.
FAQs
Q: What does this economic trend measure?
A: This trend measures total factor productivity (TFP) for the French economy, which captures overall economic efficiency and technological progress beyond just labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a vital indicator of long-term economic growth and innovation, making it crucial for policymakers, investors, and economists assessing the underlying health and potential of the French economy.
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 statistics from France.
Q: How is this trend used in economic policy?
A: Trends in total factor productivity are closely monitored by policymakers and analysts to understand sources of economic growth and guide policy decisions aimed at boosting French competitiveness and innovation.
Q: Are there update delays or limitations?
A: The total factor productivity data for France is published quarterly with a typical 2-3 month lag, providing timely but not real-time information.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for France (RTFPNAFRA632NRUG), retrieved from FRED.