Total Factor Productivity Level at Current Purchasing Power Parities for Guatemala
CTFPPPGTA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-7.56%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Guatemala measures the overall efficiency of production in the Guatemalan economy. This metric is crucial for economists and policymakers to understand the drivers of 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 the efficiency with which labor and capital inputs are used in production. The TFP level for Guatemala, adjusted for purchasing power parity, provides insights into the country's relative productivity compared to other economies.
Methodology
This series is calculated by the U.S. Federal Reserve based on data from national accounts and productivity statistics.
Historical Context
TFP trends are closely monitored by economists, investors, and policymakers to assess a country's economic performance and competitiveness.
Key Facts
- Guatemala's TFP level was 0.301 in 2020.
- TFP has grown by an average of 0.8% per year in Guatemala since 2010.
- Improving TFP is a key policy goal for boosting long-term economic growth in Guatemala.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity Level at Current Purchasing Power Parities for Guatemala measures the overall efficiency of production in the Guatemalan economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of a country's economic competitiveness and growth potential. Monitoring Guatemala's TFP provides insights into the drivers of its economic performance.
Q: How is this data collected or calculated?
A: This series is calculated by the U.S. Federal Reserve based on data from national accounts and productivity statistics.
Q: How is this trend used in economic policy?
A: TFP trends are closely monitored by economists, investors, and policymakers to assess a country's economic performance and competitiveness, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data may have update delays of several months, and it may not capture all factors affecting productivity in the Guatemalan economy.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Guatemala (CTFPPPGTA669NRUG), retrieved from FRED.