Total Factor Productivity Level at Current Purchasing Power Parities for Romania
CTFPPPROA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
15.30%
Date Range
1/1/1964 - 1/1/2019
Summary
The total factor productivity level at current purchasing power parities for Romania measures the overall efficiency of the Romanian economy in transforming inputs into outputs. It is a key indicator for economists and policymakers assessing the country's economic performance and 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 an economic measure that captures the portion of output not explained by the amount of inputs used in production. The TFP level at current purchasing power parities provides a standardized comparison of productivity across countries.
Methodology
The data is calculated by the Conference Board using a growth accounting framework and national accounts data.
Historical Context
TFP trends are closely monitored by policymakers and analysts to gauge a country's competitiveness and long-term growth prospects.
Key Facts
- Romania's TFP level was 0.47 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Romania's TFP level lags behind many other European economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall efficiency of the Romanian economy in transforming inputs like labor and capital into economic outputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial metric for assessing a country's competitiveness and long-term growth potential, making it highly relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor TFP trends to gauge a country's competitiveness and guide policies aimed at boosting productivity and long-term economic growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be lags in availability compared to other economic indicators.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Romania (CTFPPPROA669NRUG), retrieved from FRED.