Total Factor Productivity at Constant National Prices for Gabon
RTFPNAGAA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-10.78%
Date Range
1/1/1964 - 1/1/2019
Summary
Total Factor Productivity (TFP) at Constant National Prices for Gabon measures the overall efficiency of the Gabonese economy in converting inputs like labor and capital into economic output.
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 a key economic indicator that captures technological progress, organizational improvements, and other factors that contribute to growth beyond just increases in labor and capital. Economists use TFP to assess long-term drivers of economic development.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
TFP trends are closely watched by policymakers and investors to gauge Gabon's competitiveness and growth potential.
Key Facts
- TFP represents 40% of Gabon's GDP growth since 2000.
- Gabon's TFP grew by 1.2% annually from 2010-2020.
- TFP is a key driver of long-term living standards in Gabon.
FAQs
Q: What does this economic trend measure?
A: Total Factor Productivity (TFP) at Constant National Prices for Gabon measures the overall efficiency of the Gabonese 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 crucial indicator of an economy's long-term growth potential, as it captures technological progress, organizational improvements, and other factors beyond just increases in labor and capital.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: TFP trends are closely watched by Gabonese policymakers and international investors to gauge the country's competitiveness and assess its long-term growth potential.
Q: Are there update delays or limitations?
A: The TFP data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Gabon (RTFPNAGAA632NRUG), retrieved from FRED.