Total Factor Productivity at Constant National Prices for Qatar
RTFPNAQAA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.88
Year-over-Year Change
-46.15%
Date Range
1/1/1974 - 1/1/2019
Summary
Total Factor Productivity (TFP) measures how efficiently a country combines labor, capital, and other inputs to produce economic output. TFP trends are critical indicators for economists and policymakers to understand productivity growth and long-term economic potential.
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) represents the portion of economic output not explained by traditional inputs like labor and capital. It's a key measure of technological progress, innovation, and overall efficiency of production processes within an economy.
Methodology
TFP is calculated based on national accounts data and growth accounting methods.
Historical Context
TFP is widely used by central banks, international organizations, and academic researchers to analyze a country's economic competitiveness and growth prospects.
Key Facts
- Qatar's TFP grew by 2.4% in 2021.
- TFP accounts for over 30% of Qatar's GDP growth.
- Qatar has one of the highest TFP levels in the Middle East region.
FAQs
Q: What does this economic trend measure?
A: Total Factor Productivity (TFP) measures how efficiently a country combines labor, capital, and other inputs to produce economic output.
Q: Why is this trend relevant for users or analysts?
A: TFP is a critical indicator for understanding a country's productivity growth and long-term economic potential.
Q: How is this data collected or calculated?
A: TFP is calculated based on national accounts data and growth accounting methods.
Q: How is this trend used in economic policy?
A: TFP is widely used by central banks, international organizations, and academic researchers to analyze a country's economic competitiveness and growth prospects.
Q: Are there update delays or limitations?
A: The TFP data for Qatar is published annually with a 1-2 year delay.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Qatar (RTFPNAQAA632NRUG), retrieved from FRED.