Total Factor Productivity at Constant National Prices for Uruguay
RTFPNAUYA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
14.01%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity at Constant National Prices for Uruguay measures the overall efficiency of the Uruguayan economy in converting inputs into outputs. This metric is crucial for understanding the nation's long-term economic growth potential.
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 an economic measure that quantifies the efficiency of an economy in producing goods and services. The TFP for Uruguay reflects how effectively the country utilizes its labor, capital, and other inputs to generate economic output.
Methodology
The data is calculated by the U.S. Federal Reserve using a growth accounting framework.
Historical Context
TFP trends are closely monitored by policymakers and analysts to gauge an economy's productive capacity and competitiveness.
Key Facts
- TFP measures how efficiently an economy converts inputs into outputs.
- Uruguay's TFP reflects the nation's overall economic productivity.
- TFP is a crucial indicator of long-term growth potential.
FAQs
Q: What does this economic trend measure?
A: The Total Factor Productivity at Constant National Prices for Uruguay measures the overall efficiency of the Uruguayan economy in converting inputs like labor and capital into economic outputs.
Q: Why is this trend relevant for users or analysts?
A: TFP is a key indicator of an economy's productive capacity and competitiveness, making it highly relevant for policymakers, investors, and economic analysts assessing Uruguay's long-term growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Trends in total factor productivity are closely monitored by policymakers and analysts to gauge an economy's productive capacity and competitiveness, which informs economic and regulatory decision-making.
Q: Are there update delays or limitations?
A: The TFP data for Uruguay may have update delays or limitations typical of international economic statistics, which users should consider when interpreting the most recent figures.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Uruguay (RTFPNAUYA632NRUG), retrieved from FRED.