Infra-Annual Labor Statistics: Employment: Economic Activity: Agriculture, Forestry and Fishing: Total for Slovak Republic
Annual, Not Seasonally Adjusted
LFEAAGTTSKA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,625.00
Year-over-Year Change
-22.20%
Date Range
1/1/1994 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted total factor productivity in the agriculture sector. It is a key indicator of the industry's efficiency and a valuable tool for policymakers and analysts.
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) measures the overall efficiency of an industry, accounting for both labor and capital inputs. The annual, not seasonally adjusted agriculture TFP trend provides insights into the long-term productivity and competitiveness of the U.S. agricultural sector.
Methodology
The data is calculated by the U.S. Department of Agriculture based on labor, capital, and other input factors.
Historical Context
TFP trends inform policy decisions and investment strategies related to the agriculture industry.
Key Facts
- Agriculture accounts for 1% of U.S. GDP.
- U.S. agricultural productivity has doubled since the 1940s.
- Improving TFP is crucial for global food security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted total factor productivity in the U.S. agriculture sector, which reflects the overall efficiency of the industry.
Q: Why is this trend relevant for users or analysts?
A: The agriculture TFP trend is a key indicator of the long-term competitiveness and productivity of the U.S. agriculture industry, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Department of Agriculture based on labor, capital, and other input factors.
Q: How is this trend used in economic policy?
A: Trends in agricultural TFP help policymakers and analysts assess the industry's efficiency and competitiveness, informing decisions related to subsidies, trade, and investments.
Q: Are there update delays or limitations?
A: The agriculture TFP data is published annually with a delay of several months, and may not capture short-term fluctuations in productivity.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LFEAAGTTSKA647N), retrieved from FRED.