Total Factor Productivity Level at Current Purchasing Power Parities for Mexico
CTFPPPMXA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-19.77%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures Mexico's total factor productivity (TFP) level at current purchasing power parities. TFP is a key indicator of technological progress and economic efficiency, making it crucial for understanding Mexico's long-term growth potential.
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 a measure of the efficiency with which an economy combines capital and labor to produce output. The TFP level at current purchasing power parities provides insights into Mexico's relative productivity and competitiveness compared to other countries.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
Policymakers and analysts use this TFP metric to assess Mexico's economic performance and guide policies aimed at boosting productivity and growth.
Key Facts
- Mexico's TFP level was 0.595 in 2021.
- TFP growth is crucial for long-term economic expansion.
- Productivity gains can improve Mexico's global competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures Mexico's total factor productivity (TFP) level at current purchasing power parities, which is a key indicator of the country's technological progress and economic efficiency.
Q: Why is this trend relevant for users or analysts?
A: TFP is an important metric for understanding Mexico's long-term growth potential and economic competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this TFP metric to assess Mexico's economic performance and guide policies aimed at boosting productivity and growth.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the Conference Board.
Related Trends
Expenditure-side Real GDP at Current Purchasing Power Parities for Togo
CGDPESTGA666NRUG
Output-side Real GDP at Current Purchasing Power Parities for Lithuania
CGDPOSLTA666NRUG
Capital stock at Current Purchasing Power Parities for Poland
CKSPPPPLA666NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Colombia
CTFPPPCOA669NRUG
Total Factor Productivity Level at Current Purchasing Power Parities for Qatar
CTFPPPQAA669NRUG
Expenditure-side Real GDP at Current Purchasing Power Parities for Honduras
CGDPESHNA666NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Mexico (CTFPPPMXA669NRUG), retrieved from FRED.