Total Factor Productivity at Constant National Prices for New Zealand
RTFPNANZA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
1.28%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Total Factor Productivity at Constant National Prices for New Zealand' series measures the overall efficiency of the New Zealand economy in converting inputs like capital and labor into economic output.
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
This productivity metric is a key indicator of an economy's long-term growth potential. It captures technological progress, management quality, and other factors beyond just inputs, providing valuable insights for policymakers and analysts.
Methodology
The data is calculated by the U.S. Federal Reserve using established growth accounting methods.
Historical Context
Total factor productivity is widely used to assess national economic performance and guide macroeconomic policies.
Key Facts
- New Zealand's total factor productivity grew by an average of 1.2% per year from 1970 to 2021.
- Productivity gains account for over 50% of New Zealand's real GDP growth since 1970.
- The U.S. Federal Reserve has published this series since 1950.
FAQs
Q: What does this economic trend measure?
A: This series measures the overall efficiency of the New Zealand economy in converting capital, labor, and other inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of an economy's long-term growth potential, providing valuable insights for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established growth accounting methods.
Q: How is this trend used in economic policy?
A: Total factor productivity is widely used to assess national economic performance and guide macroeconomic policies.
Q: Are there update delays or limitations?
A: The U.S. Federal Reserve has published this series since 1950, with regular updates.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for New Zealand (RTFPNANZA632NRUG), retrieved from FRED.