Annual
BPFATT01PTA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4,464,000,000.00
Year-over-Year Change
-136.40%
Date Range
1/1/1996 - 1/1/2013
Summary
The Annual trend measures the annual change in total factor productivity for the total economy in the United States. It is a key indicator of long-term economic growth and efficiency.
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) measures the overall efficiency of an economy in transforming inputs like labor and capital into outputs. The Annual TFP trend provides insights into the technological and organizational progress driving economic growth.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output, capital, and labor input.
Historical Context
TFP growth is closely monitored by policymakers and analysts to assess an economy's productive capacity and long-term competitiveness.
Key Facts
- TFP growth averages around 1% per year in the U.S.
- Increasing TFP is crucial for raising living standards over time.
- Productivity gains can stem from technological innovation or improved business processes.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual change in total factor productivity (TFP) for the total U.S. economy. TFP reflects the overall efficiency in transforming labor and capital into economic output.
Q: Why is this trend relevant for users or analysts?
A: TFP growth is a key driver of long-term economic expansion and improved living standards. Monitoring trends in TFP provides insights into an economy's productive capacity and technological progress.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on measures of real output, capital, and labor input for the total economy.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor TFP growth to assess an economy's long-term competitiveness and productive potential. TFP trends inform decisions around investment, innovation, and workforce development policies.
Q: Are there update delays or limitations?
A: The Annual TFP data has a lag of several quarters due to the time required to collect and process the underlying input data. Users should be aware of this delay when interpreting the latest trends.
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Citation
U.S. Federal Reserve, Annual (BPFATT01PTA636N), retrieved from FRED.