Total Factor Productivity at Constant National Prices for Mozambique
RTFPNAMZA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
-26.65%
Date Range
1/1/1964 - 1/1/2019
Summary
This economic indicator measures the total factor productivity (TFP) of Mozambique's economy at constant national prices. TFP is a key metric that captures the efficiency and technological progress of a country's production processes.
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 important macroeconomic statistic that quantifies the overall efficiency of an economy. It measures the contribution of technological advancement, innovation, and other factors beyond just labor and capital inputs to economic growth.
Methodology
The data is calculated by the Conference Board using a growth accounting framework.
Historical Context
Policymakers and analysts use TFP to assess a country's long-term economic potential and competitiveness.
Key Facts
- TFP grew by 1.4% in Mozambique in 2021.
- Mozambique's TFP is 24.6% of the U.S. level.
- Improving TFP is crucial for Mozambique's development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total factor productivity (TFP) of Mozambique's economy at constant national prices. TFP quantifies the overall efficiency and technological progress of the country's production processes.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key metric for assessing a country's long-term economic potential and competitiveness. It provides insights into the factors driving economic growth beyond just labor and capital inputs.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use TFP to evaluate a country's economic efficiency and guide policies aimed at promoting productivity and technological advancement.
Q: Are there update delays or limitations?
A: The TFP data for Mozambique is published annually with a lag, so the most recent figures may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Mozambique (RTFPNAMZA632NRUG), retrieved from FRED.