Total Factor Productivity at Constant National Prices for Mexico
RTFPNAMXA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-10.07%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Total Factor Productivity at Constant National Prices for Mexico' measures the overall efficiency of production in the Mexican economy. It is a key indicator used by economists to assess long-term economic growth and productivity.
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 metric represents the combined productivity of labor, capital, and other inputs in the production process. It captures technological progress, management efficiency, and other factors beyond just capital and labor inputs.
Methodology
The data is calculated by the Federal Reserve using national accounts data and growth accounting methodologies.
Historical Context
Policymakers and analysts closely monitor this trend to understand sources of economic growth and inform policy decisions.
Key Facts
- Mexico's total factor productivity has grown by an average of 0.2% per year since 1990.
- High total factor productivity is associated with faster economic expansion and rising living standards.
- The metric captures the combined efficiency of labor, capital, and other production inputs.
FAQs
Q: What does this economic trend measure?
A: The 'Total Factor Productivity at Constant National Prices for Mexico' measures the overall efficiency of production in the Mexican economy, beyond just labor and capital inputs.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of long-term economic growth and productivity, providing insights into the sources of a country's economic expansion.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using national accounts data and growth accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to understand sources of economic growth and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedules and potential revisions of national accounts data.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Mexico (RTFPNAMXA632NRUG), retrieved from FRED.