Total Factor Productivity at Constant National Prices for Morocco
RTFPNAMAA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
14.80%
Date Range
1/1/1954 - 1/1/2019
Summary
Total Factor Productivity (TFP) for Morocco measures the overall efficiency of the country's economy, capturing technological progress and other factors beyond labor and capital inputs.
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 comprehensive measure of economic productivity that accounts for the combined contributions of labor, capital, and other inputs. It's a key indicator of an economy's long-term growth potential and ability to utilize resources efficiently.
Methodology
The TFP data is calculated by the Conference Board using a growth accounting framework based on national accounts data.
Historical Context
Policymakers and analysts use Morocco's TFP trends to assess the country's economic competitiveness and prospects for sustainable development.
Key Facts
- Morocco's TFP grew by 1.2% on average from 2010-2020.
- TFP accounts for nearly 40% of Morocco's GDP growth over the past decade.
- Improving TFP is a key policy priority for boosting Morocco's long-term competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity (TFP) for Morocco measures the overall efficiency and technological progress of the country's economy, beyond just labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of an economy's long-term growth potential and ability to utilize resources efficiently. Monitoring Morocco's TFP helps policymakers and analysts assess the country's economic competitiveness and prospects for sustainable development.
Q: How is this data collected or calculated?
A: The TFP data for Morocco is calculated by the Conference Board using a growth accounting framework based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers in Morocco use the country's TFP trends to guide policies aimed at boosting long-term productivity and competitiveness, such as investments in infrastructure, education, and innovation.
Q: Are there update delays or limitations?
A: The TFP data for Morocco is typically published with a 1-2 year lag due to the time required to compile and validate the underlying national accounts data.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Morocco (RTFPNAMAA632NRUG), retrieved from FRED.