Total Factor Productivity at Constant National Prices for Lesotho
RTFPNALSA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
40.90%
Date Range
1/1/1980 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Lesotho measures the overall efficiency of the Lesotho economy in converting inputs into outputs. This metric is crucial for economists and policymakers to assess the long-term growth potential of the country.
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) for Lesotho, which captures how efficiently the economy transforms capital, labor, and other inputs into goods and services. TFP is a key indicator of an economy's technological progress and overall production efficiency.
Methodology
The data is calculated by the Penn World Table using national accounts data and growth accounting methods.
Historical Context
TFP trends are closely monitored by economists and policymakers to gauge Lesotho's competitiveness and long-term economic outlook.
Key Facts
- Lesotho's TFP has grown by an average of 1.2% per year since 2000.
- High TFP is associated with greater innovation and more efficient use of resources.
- TFP is a key driver of long-term economic expansion in developing countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of the Lesotho economy in converting inputs like capital and labor into economic outputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator of an economy's long-term growth potential and technological progress. Monitoring Lesotho's TFP helps economists and policymakers assess the country's competitiveness and development outlook.
Q: How is this data collected or calculated?
A: The data is calculated by the Penn World Table using national accounts data and growth accounting methods.
Q: How is this trend used in economic policy?
A: Trends in Lesotho's TFP are closely watched by economists and policymakers to gauge the country's competitiveness and long-term economic growth potential, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data availability due to the time required for national accounts compilation and growth accounting analysis.
Related Trends
Share of Labour Compensation in GDP at Current National Prices for Mauritania
LABSHPMRA156NRUG
Capital Stock at Constant National Prices for Lithuania
RKNANPLTA666NRUG
Total Factor Productivity at Constant National Prices for Zimbabwe
RTFPNAZWA632NRUG
Capital Stock at Constant National Prices for Slovenia
RKNANPSIA666NRUG
Real GDP at Constant National Prices for Singapore
RGDPNASGA666NRUG
Capital Stock at Constant National Prices for Cote d'Ivoire
RKNANPCIA666NRUG
Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Lesotho (RTFPNALSA632NRUG), retrieved from FRED.