Total Factor Productivity at Constant National Prices for Turkey
RTFPNATRA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-10.19%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Turkey measures the overall efficiency of the Turkish economy in converting inputs into outputs. It is a key indicator of 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 captures the combined efficiency of labor, capital, and other factors of production in the Turkish economy. It is used by economists and policymakers to assess the country's competitiveness, potential for sustainable growth, and the impact of structural reforms.
Methodology
The data is calculated by the Conference Board using national accounts data and growth accounting methods.
Historical Context
Policymakers and analysts monitor this trend to gauge Turkey's economic performance and guide decisions on investments, trade, and economic policies.
Key Facts
- Turkey's total factor productivity grew by 2.3% in 2021.
- Productivity is a key driver of long-term economic expansion.
- Improving total factor productivity is a priority for Turkey's economic development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of the Turkish economy in converting labor, capital, and other inputs into economic outputs.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of a country's competitiveness, potential for sustainable growth, and the impact of structural reforms.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts data and growth accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess Turkey's economic performance and guide decisions on investments, trade, and economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Turkey (RTFPNATRA632NRUG), retrieved from FRED.