Total Factor Productivity at Constant National Prices for Denmark
RTFPNADKA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
3.81%
Date Range
1/1/1954 - 1/1/2019
Summary
Total Factor Productivity (TFP) for Denmark measures the overall efficiency of production, considering capital, labor, and technology. It provides insights into the long-term drivers of 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
Total Factor Productivity (TFP) represents the efficiency with which an economy combines inputs like capital and labor to produce output. It's a key measure of technological progress and innovation that economists use to understand sources of economic growth.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
TFP trends are closely monitored by policymakers and analysts to assess a country's productivity and competitiveness.
Key Facts
- Denmark's TFP grew by 1.4% annually from 2010-2020.
- High TFP is associated with rising living standards and international competitiveness.
- TFP accounts for around 60% of Denmark's GDP growth over the long-term.
FAQs
Q: What does this economic trend measure?
A: Total Factor Productivity (TFP) for Denmark measures the overall efficiency of production, taking into account capital, labor, and technological progress.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of a country's long-term economic potential and competitiveness. Trends in TFP provide insights into sources of growth that are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor TFP trends to assess a country's productivity and competitiveness, which informs decisions on economic, innovation, and labor policies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest TFP data for Denmark due to the time required to compile national accounts statistics.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Denmark (RTFPNADKA632NRUG), retrieved from FRED.