Total Factor Productivity Level at Current Purchasing Power Parities for Senegal
CTFPPPSNA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
-13.85%
Date Range
1/1/1964 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for Senegal measures the overall efficiency of production in the Senegalese economy. It is a key indicator for economists and policymakers tracking long-term economic growth and competitiveness.
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) captures the combined efficiency of labor, capital, and other inputs in the production process. The TFP level for Senegal, adjusted for purchasing power parity, provides insights into the country's relative productivity compared to other economies.
Methodology
The data is calculated by the U.S. Conference Board using national accounts and labor force statistics.
Historical Context
TFP trends are closely monitored by economists and policymakers to assess an economy's potential for sustainable growth and development.
Key Facts
- Senegal's TFP level was 0.472 in 2021.
- TFP growth is a key driver of long-term economic expansion.
- Improving TFP can boost a country's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity Level at Current Purchasing Power Parities for Senegal measures the overall efficiency of production in the Senegalese economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator for economists and policymakers tracking long-term economic growth and competitiveness, as it provides insights into a country's relative productivity compared to other economies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: TFP trends are closely monitored by economists and policymakers to assess an economy's potential for sustainable growth and development.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and labor force statistics from Senegal.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for Senegal (CTFPPPSNA669NRUG), retrieved from FRED.