Total Factor Productivity Level at Current Purchasing Power Parities for Niger
CTFPPPNEA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
2.61%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Niger measures the overall efficiency of a country's production processes. It is a key indicator for economists and policymakers to assess a nation's economic growth and 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
This metric represents the output per unit of combined capital and labor inputs, adjusted for differences in purchasing power across countries. It provides insights into the technological progress, resource allocation, and production capacity of an economy.
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 index to evaluate a country's competitiveness and productivity-driven growth over time.
Key Facts
- Niger's total factor productivity index was 0.47 in 2020.
- Productivity growth is a key driver of long-term economic expansion.
- The index is adjusted for differences in purchasing power across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall productivity and efficiency of an economy by capturing the output per unit of combined capital and labor inputs, adjusted for purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: The total factor productivity index is a crucial indicator for economists and policymakers to assess a country's economic growth potential, competitiveness, and the efficiency of its production processes.
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 index to evaluate a country's productivity-driven growth and competitiveness over time, which informs economic policies aimed at boosting efficiency and long-term expansion.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required to collect and process the underlying national accounts and labor force information.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Niger (CTFPPPNEA669NRUG), retrieved from FRED.