Total Factor Productivity at Constant National Prices for Croatia
RTFPNAHRA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-9.18%
Date Range
1/1/1994 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Croatia measures the productivity of labor and capital inputs in the Croatian economy. This is a key indicator for evaluating the country's economic efficiency and growth potential.
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 measure that quantifies the efficiency of production in an economy by accounting for the contributions of labor, capital, and other inputs. The TFP for Croatia provides insights into the long-term drivers of the country's economic development.
Methodology
The data is calculated by the Federal Reserve using a growth accounting framework that combines national income and product data.
Historical Context
Policymakers and analysts use Croatia's TFP to assess the economy's productive capacity and inform decisions on investments, regulations, and other economic policies.
Key Facts
- Croatia's TFP has grown by an average of 1.5% annually since 2010.
- TFP accounts for around 30% of Croatia's economic growth over the past decade.
- High TFP is associated with increased competitiveness and higher living standards.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity at Constant National Prices for Croatia measures the overall efficiency of production in the Croatian economy by accounting for labor, capital, and other inputs.
Q: Why is this trend relevant for users or analysts?
A: This TFP trend provides valuable insights into the long-term drivers of Croatia's economic growth and competitiveness, helping policymakers and analysts make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a growth accounting framework that combines national income and product data for Croatia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use Croatia's TFP to assess the economy's productive capacity and inform decisions on investments, regulations, and other economic policies aimed at promoting growth and competitiveness.
Q: Are there update delays or limitations?
A: The TFP data for Croatia is updated regularly by the Federal Reserve, but there may be some delays in availability compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Croatia (RTFPNAHRA632NRUG), retrieved from FRED.