Total Factor Productivity at Constant National Prices for Slovakia
RTFPNASKA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
7.20%
Date Range
1/1/1994 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Slovakia measures the efficiency of production in the Slovak economy. It is a key indicator used by economists and policymakers to assess long-term economic growth.
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 tracks changes in the overall productivity of labor and capital inputs in the Slovak economy, adjusting for inflation. It provides insights into the technological and organizational progress driving economic expansion.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts and productivity statistics.
Historical Context
Total factor productivity is widely used to inform macroeconomic policies and investment decisions.
Key Facts
- Slovakia's total factor productivity has grown by over 50% since 2000.
- Productivity gains have outpaced many other European economies.
- High productivity is linked to Slovakia's economic convergence with Western Europe.
FAQs
Q: What does this economic trend measure?
A: This metric tracks changes in the overall productivity of labor and capital inputs in the Slovak economy, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator used by economists and policymakers to assess long-term economic growth and the drivers of efficiency in production.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts and productivity statistics.
Q: How is this trend used in economic policy?
A: Total factor productivity is widely used to inform macroeconomic policies and investment decisions by governments, central banks, and financial institutions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with some lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Real GDP at Constant National Prices for Suriname
RGDPNASRA666NRUG
Capital Stock at Constant National Prices for Republic of Moldova
RKNANPMDA666NRUG
Real GDP at Constant National Prices for Jamaica
RGDPNAJMA666NRUG
Total Factor Productivity at Constant National Prices for Barbados
RTFPNABBA632NRUG
Total Factor Productivity at Constant National Prices for Gabon
RTFPNAGAA632NRUG
Total Factor Productivity at Constant National Prices for United Kingdom
RTFPNAGBA632NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Slovakia (RTFPNASKA632NRUG), retrieved from FRED.