Total Factor Productivity Level at Current Purchasing Power Parities for Morocco
CTFPPPMAA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-8.09%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures the total factor productivity level in Morocco, providing insights into the country's overall economic efficiency and potential for 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
Total factor productivity (TFP) level represents the efficiency with which labor and capital inputs are used in production. It is a key indicator of an economy's technological progress and can help analysts and policymakers assess a country's long-term growth prospects.
Methodology
The data is calculated by the Conference Board using a growth accounting framework.
Historical Context
TFP trends are closely monitored by economists and policymakers to evaluate a country's competitiveness and guide economic policies.
Key Facts
- Morocco's TFP level was 0.462 in 2021.
- TFP has grown by an average of 0.8% per year in Morocco since 2000.
- Improving TFP is crucial for Morocco to achieve its economic development goals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity (TFP) level in Morocco, which represents the overall efficiency of the country's production processes.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of an economy's technological progress and long-term growth potential, making it highly relevant for economists, policymakers, and analysts assessing Morocco's competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Trends in TFP are closely monitored by economists and policymakers to evaluate a country's competitiveness and guide economic policies aimed at improving productivity and driving long-term growth.
Q: Are there update delays or limitations?
A: The TFP data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Morocco (CTFPPPMAA669NRUG), retrieved from FRED.