Total Factor Productivity at Constant National Prices for Argentina
RTFPNAARA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
-15.77%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Argentina measures the efficiency of production in the Argentine economy. It is a key indicator used by economists to assess long-term economic growth.
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
This series represents the total factor productivity (TFP) index for Argentina, calculated using a growth accounting framework. TFP captures the portion of economic growth not explained by changes in labor and capital inputs, providing insight into technological progress and efficiency improvements.
Methodology
The data is calculated by the Federal Reserve Bank of St. Louis using national accounts data from the Penn World Table.
Historical Context
Analysts and policymakers use this TFP trend to evaluate the drivers of Argentina's economic performance and long-term competitiveness.
Key Facts
- Argentina's TFP peaked in 1998 at 1.02.
- TFP declined by 15% from 1998 to 2020.
- Improving TFP is a key policy goal for boosting Argentina's long-term growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total factor productivity (TFP) index for Argentina, which captures the efficiency of production in the Argentine economy.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator used by economists to assess long-term economic growth and identify the drivers of productivity improvements in a country.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of St. Louis using national accounts data from the Penn World Table.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this TFP trend to evaluate Argentina's economic performance and competitiveness, as improving productivity is a key policy goal for boosting long-term growth.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required to collect and process the underlying national accounts information.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Argentina (RTFPNAARA632NRUG), retrieved from FRED.