Total Factor Productivity Level at Current Purchasing Power Parities for China
CTFPPPCNA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-4.77%
Date Range
1/1/1956 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for China measures the overall efficiency of China's economy in converting inputs into outputs. This metric is crucial for understanding China's 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) is an economic measure that quantifies the efficiency with which a country combines capital, labor, and other inputs to produce economic output. The TFP level for China, adjusted for purchasing power parity, provides important insights into the drivers of the country's economic growth and international competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts, labor force, and capital stock data.
Historical Context
Policymakers and analysts use this TFP metric to assess China's economic policies and their impact on productivity and growth.
Key Facts
- China's TFP level has steadily increased since the 1990s.
- TFP growth is a key driver of China's long-term economic expansion.
- China's TFP level is lower than advanced economies but higher than many developing countries.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity Level at Current Purchasing Power Parities for China measures the overall efficiency of the Chinese economy in converting inputs like capital and labor into economic outputs.
Q: Why is this trend relevant for users or analysts?
A: This TFP metric is crucial for understanding the drivers of China's long-term economic growth and international competitiveness, which is highly relevant for policymakers, investors, and economists analyzing the Chinese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts, labor force, and capital stock data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this TFP metric to assess China's economic policies and their impact on productivity and growth, which is crucial for informing decisions on trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in accurately measuring inputs and outputs across China's diverse economy.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for China (CTFPPPCNA669NRUG), retrieved from FRED.