National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Austria
Index 2015=100, Quarterly
NAEXKP01ATQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.27
Year-over-Year Change
5.06%
Date Range
1/1/1988 - 7/1/2023
Summary
The Index 2015=100, Quarterly trend measures the quarterly changes in total factor productivity in the U.S. It is a key indicator of economic efficiency 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 measures the efficiency with which labor and capital inputs are used in the production process. This index provides insights into the technological and organizational progress driving economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a growth accounting framework.
Historical Context
This trend is closely monitored by policymakers and economists to gauge the pace of innovation and structural changes in the economy.
Key Facts
- Base year is 2015 = 100.
- Quarterly frequency data available since 1948.
- Increasing values indicate rising productivity.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly trend measures changes in total factor productivity, which captures the overall efficiency of the production process in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key driver of long-term economic growth, as it reflects technological progress and organizational improvements. This trend provides valuable insights for policymakers and economists assessing the underlying competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a growth accounting framework that considers changes in labor, capital, and output.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge the pace of innovation and structural changes in the economy, which can inform decisions on tax, trade, and investment policies aimed at promoting productivity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 2-3 months after the end of the reference quarter. As a derived metric, the trend may be subject to revisions as underlying data sources are updated.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (NAEXKP01ATQ661S), retrieved from FRED.