Total Factor Productivity at Constant National Prices for Guatemala
RTFPNAGTA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-3.16%
Date Range
1/1/1954 - 1/1/2019
Summary
Total Factor Productivity (TFP) measures the efficiency and technological progress of an economy. The TFP trend for Guatemala provides insights into the country's overall economic 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) is an economic metric that captures the combined efficiency of labor, capital, and other inputs in producing economic output. It serves as an indicator of technological advancement and the efficient utilization of resources within an economy.
Methodology
The TFP data for Guatemala is calculated by the Federal Reserve based on national accounts and productivity data.
Historical Context
Policymakers and economists use TFP trends to assess a country's economic growth potential and competitiveness.
Key Facts
- TFP is a measure of economic efficiency.
- Guatemala's TFP has shown fluctuations over time.
- Improving TFP is a key policy goal for many countries.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures Total Factor Productivity (TFP) for Guatemala, which captures the combined efficiency of labor, capital, and other inputs in producing economic output.
Q: Why is this trend relevant for users or analysts?
A: TFP trends provide insights into a country's technological progress and the efficient utilization of economic resources, which are important indicators of its growth potential and competitiveness.
Q: How is this data collected or calculated?
A: The TFP data for Guatemala is calculated by the Federal Reserve based on national accounts and productivity data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use TFP trends to assess a country's economic growth potential and competitiveness, which can inform policy decisions and strategies.
Q: Are there update delays or limitations?
A: The TFP data for Guatemala may be subject to periodic updates and potential revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Guatemala (RTFPNAGTA632NRUG), retrieved from FRED.