Total Factor Productivity at Constant National Prices for Malta
RTFPNAMTA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
19.51%
Date Range
1/1/1958 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Malta measures the overall efficiency of production in the Maltese economy. It is a key indicator for economists and policymakers to assess long-term economic growth and productivity trends.
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) is a measure of the efficiency with which labor and capital inputs are used in production. This series provides an estimate of TFP in Malta, adjusted for changes in national prices, offering insights into the broader productivity dynamics of the Maltese economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on national accounts and labor statistics from Malta.
Historical Context
TFP trends are closely monitored by policymakers to inform economic and fiscal policies aimed at promoting long-term growth.
Key Facts
- TFP in Malta grew by 1.2% in 2021.
- Malta's TFP level is currently 10% above the EU average.
- Improving TFP is a key policy goal for the Maltese government.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity at Constant National Prices for Malta measures the overall efficiency of production in the Maltese economy, providing insights into long-term productivity and growth trends.
Q: Why is this trend relevant for users or analysts?
A: TFP is a crucial indicator for economists and policymakers to assess the broader productivity dynamics of an economy and inform economic policies aimed at promoting long-term growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on national accounts and labor statistics from Malta.
Q: How is this trend used in economic policy?
A: TFP trends are closely monitored by policymakers to inform economic and fiscal policies aimed at promoting long-term growth in the Maltese economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as more information becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Malta (RTFPNAMTA632NRUG), retrieved from FRED.