Total Factor Productivity at Constant National Prices for Luxembourg
RTFPNALUA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-18.04%
Date Range
1/1/1954 - 1/1/2019
Summary
Total Factor Productivity (TFP) at Constant National Prices for Luxembourg measures the overall efficiency of the Luxembourgish economy, providing insights into long-term economic growth and 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
TFP is an economic measure that captures the combined efficiency of labor, capital, and other inputs in production. It is a key indicator of an economy's technological progress and ability to utilize resources effectively.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using growth accounting methods.
Historical Context
Policymakers and economists closely monitor TFP trends to assess the health and competitiveness of the Luxembourgish economy.
Key Facts
- TFP in Luxembourg has grown at an average annual rate of 0.8% since 2000.
- Luxembourg's TFP level is among the highest in the European Union.
- Improving TFP is a key policy objective for boosting long-term competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity (TFP) at Constant National Prices for Luxembourg measures the overall efficiency of the Luxembourgish economy, capturing the combined productivity of labor, capital, and other inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of an economy's technological progress and ability to utilize resources effectively, providing insights into long-term economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using growth accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor TFP trends to assess the health and competitiveness of the Luxembourgish economy, as improving TFP is a key policy objective for boosting long-term growth.
Q: Are there update delays or limitations?
A: The TFP data for Luxembourg is published regularly by the U.S. Federal Reserve, with minimal update delays, providing a reliable and timely indicator of the country's economic efficiency.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Luxembourg (RTFPNALUA632NRUG), retrieved from FRED.