Total Factor Productivity at Constant National Prices for Sri Lanka
RTFPNALKA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
1.72%
Date Range
1/1/1954 - 1/1/2019
Summary
Total Factor Productivity (TFP) for Sri Lanka measures the overall efficiency of the economy in converting inputs like labor and capital into outputs. It is a key indicator of long-term economic 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
Total Factor Productivity (TFP) captures the combined productivity of all inputs used in the production process. It represents the portion of output not explained by the amount of inputs used, providing insights into technological progress and efficiency improvements.
Methodology
The TFP data for Sri Lanka is calculated by the Federal Reserve based on national accounts data.
Historical Context
TFP trends are closely monitored by economists and policymakers to assess a country's economic performance and long-term growth potential.
Key Facts
- TFP growth reflects technological progress and innovation.
- TFP is a key driver of long-term economic growth and living standards.
- Sri Lanka's TFP is tracked to assess its global competitiveness.
FAQs
Q: What does this economic trend measure?
A: Total Factor Productivity (TFP) for Sri Lanka measures the overall efficiency of the economy in converting inputs like labor and capital into outputs.
Q: Why is this trend relevant for users or analysts?
A: TFP trends are closely monitored by economists and policymakers to assess a country's economic performance and long-term growth potential.
Q: How is this data collected or calculated?
A: The TFP data for Sri Lanka is calculated by the Federal Reserve based on national accounts data.
Q: How is this trend used in economic policy?
A: TFP trends are used by economists and policymakers to evaluate a country's economic efficiency, technological progress, and global competitiveness.
Q: Are there update delays or limitations?
A: The TFP data for Sri Lanka may have update delays or limitations due to the complexity of calculating this metric based on national accounts data.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Sri Lanka (RTFPNALKA632NRUG), retrieved from FRED.