Total Factor Productivity at Constant National Prices for Cameroon
RTFPNACMA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
1.28%
Date Range
1/1/1964 - 1/1/2019
Summary
Total Factor Productivity (TFP) at Constant National Prices for Cameroon measures the overall efficiency of a country's production processes. It's a key indicator of 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
TFP captures how effectively an economy combines labor, capital, and other inputs to produce goods and services. Analysts use this metric to understand sources of productivity and assess a country's potential for sustainable development.
Methodology
The data is calculated by the Conference Board using a growth accounting framework based on national accounts information.
Historical Context
Policymakers and economists monitor TFP trends to guide macroeconomic and structural reform policies.
Key Facts
- TFP represents 'disembodied' technological change.
- Cameroon's TFP grew by 0.7% annually from 2010-2020.
- High TFP indicates an economy is producing more with less.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of an economy's production processes, capturing how effectively it combines labor, capital, and other inputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of long-term economic growth and competitiveness, helping policymakers and economists assess an economy's potential for sustainable development.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using a growth accounting framework based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor TFP trends to guide macroeconomic and structural reform policies aimed at improving overall economic efficiency and productivity.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture the impact of recent economic events or policy changes.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Cameroon (RTFPNACMA632NRUG), retrieved from FRED.