Total Factor Productivity Level at Current Purchasing Power Parities for Serbia
CTFPPPRSA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-0.60%
Date Range
1/1/1994 - 1/1/2019
Summary
The Total Factor Productivity (TFP) Level at Current Purchasing Power Parities for Serbia measures the overall efficiency of the Serbian economy in transforming inputs into outputs.
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
TFP is a key indicator of an economy's technological progress and efficiency. It captures the combined productivity of labor, capital, and other factors of production, shedding light on sources of economic growth beyond capital and labor accumulation.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
Economists and policymakers use TFP to assess an economy's productive capacity and competitiveness.
Key Facts
- Serbia's TFP level was 0.537 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Improving TFP is a priority for many developing economies.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity (TFP) Level at Current Purchasing Power Parities for Serbia measures the overall efficiency of the Serbian 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 indicator of an economy's technological progress and productive capacity, shedding light on sources of economic growth beyond just labor and capital accumulation.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use TFP to assess an economy's productive capacity and international competitiveness, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The TFP data is published annually with a lag, so the most recent data point may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Serbia (CTFPPPRSA669NRUG), retrieved from FRED.