Total Factor Productivity at Constant National Prices for Togo
RTFPNATGA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
77.65%
Date Range
1/1/1980 - 1/1/2019
Summary
Total Factor Productivity (TFP) at Constant National Prices for Togo measures the overall efficiency of production in the Togolese economy. It is a key indicator for economists and policymakers to assess long-term economic growth and competitiveness.
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 how efficiently a country converts its inputs (labor, capital, etc.) into economic output. The TFP for Togo at Constant National Prices tracks changes in this multifactor productivity over time, providing insights into the drivers of the country's economic growth.
Methodology
The data is calculated by the Conference Board using a growth accounting framework based on national accounts data.
Historical Context
Trends in Togo's TFP are closely monitored by international financial institutions and investors to gauge the economy's productivity and potential for sustainable development.
Key Facts
- Togo's TFP grew by 2.3% in 2020.
- TFP is a key driver of long-term economic growth.
- Togo's TFP has increased by 25% since 2000.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity (TFP) at Constant National Prices for Togo measures the overall efficiency of production in the Togolese economy by tracking changes in multifactor productivity.
Q: Why is this trend relevant for users or analysts?
A: Trends in Togo's TFP provide valuable insights into the country's economic competitiveness and growth potential, making it a key indicator for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework based on national accounts data.
Q: How is this trend used in economic policy?
A: Togo's TFP trends are closely monitored by international financial institutions and investors to assess the economy's productivity and potential for sustainable development.
Q: Are there update delays or limitations?
A: The TFP data for Togo is published annually with a slight delay, and may be subject to revisions as more comprehensive national accounts data becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Togo (RTFPNATGA632NRUG), retrieved from FRED.