Annual
ROWLIBA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
806,520.00
Year-over-Year Change
-413.10%
Date Range
1/1/1946 - 1/1/2012
Summary
The Annual trend measures the annual percentage change in real output per worker in a country. It provides insight into labor productivity growth, which is a key driver of economic development and living standards.
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
The Annual trend tracks the year-over-year change in real output per worker, which is a common measure of labor productivity. This metric helps economists and policymakers assess a country's efficiency in converting labor inputs into economic output over time.
Methodology
The data is calculated by the Organization for Economic Cooperation and Development (OECD) using national accounts and labor force statistics.
Historical Context
Trends in labor productivity are closely monitored by central banks and finance ministries to inform monetary and fiscal policy decisions.
Key Facts
- Annual labor productivity growth averaged 1.3% globally from 2010-2020.
- The U.S. saw annual productivity gains of 0.9% on average over the past decade.
- Developing economies typically have higher productivity growth than advanced economies.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in real output per worker, which is an indicator of labor productivity growth.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of economic development and rising living standards, so this metric is closely watched by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Trends in labor productivity are monitored by central banks and finance ministries to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The OECD publishes the Annual data with a lag of several months, and the metric may not capture all aspects of labor productivity.
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Citation
U.S. Federal Reserve, OECD Annual Labour Productivity Growth (ROWLIBA027N), retrieved from FRED.