Total Factor Productivity at Constant National Prices for Peru
RTFPNAPEA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-3.11%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Peru measures the overall efficiency of the Peruvian economy in converting inputs like labor and capital 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 metric provides insight into the drivers of economic growth in Peru beyond just increases in labor and capital. It is a key indicator used by economists and policymakers to assess the underlying productivity and competitiveness of the Peruvian economy.
Methodology
The data is calculated by the Federal Reserve based on national accounts data.
Historical Context
Total factor productivity is closely watched as a gauge of the long-term health and potential of the Peruvian economy.
Key Facts
- Peru's total factor productivity has grown by over 30% since 2000.
- Increasing total factor productivity is a key policy goal for the Peruvian government.
- Economists view total factor productivity as a better measure of economic health than GDP alone.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity at Constant National Prices for Peru measures the overall efficiency of the Peruvian economy in converting labor, capital, 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 the underlying health and competitiveness of the Peruvian economy, providing insights beyond just GDP growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts data for Peru.
Q: How is this trend used in economic policy?
A: Policymakers in Peru closely monitor total factor productivity as a gauge of the country's long-term economic potential and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have some delays in reporting compared to more timely economic indicators.
Related Trends
Real GDP at Constant National Prices for Uzbekistan
RGDPNAUZA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Singapore
LABSHPSGA156NRUG
Capital Stock at Constant National Prices for Iceland
RKNANPISA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Kyrgyzstan
LABSHPKGA156NRUG
Real GDP at Constant National Prices for Togo
RGDPNATGA666NRUG
Share of Labour Compensation in GDP at Current National Prices for Lithuania
LABSHPLTA156NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Peru (RTFPNAPEA632NRUG), retrieved from FRED.