Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Turkey
Growth rate previous period, Quarterly
TURPITGND02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.83
Year-over-Year Change
1740.74%
Date Range
4/1/2003 - 10/1/2022
Summary
The growth rate previous period, quarterly, measures the quarter-over-quarter change in total factor productivity, a key indicator of economic efficiency and technological progress.
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 economic output not explained by labor and capital inputs. The growth rate previous period, quarterly tracks changes in TFP, providing insights into the drivers of long-term economic growth.
Methodology
This data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Historical Context
Policymakers and economists closely monitor TFP growth to understand the sources of economic expansion and inform decisions.
Key Facts
- TFP growth averaged 0.7% annually from 2010-2019.
- Productivity growth is a key driver of long-term living standards.
- Slowing TFP growth has been a concern for policymakers in recent decades.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, quarterly measures changes in total factor productivity, a key indicator of economic efficiency and technological progress.
Q: Why is this trend relevant for users or analysts?
A: TFP growth is a critical driver of long-term economic expansion and rising living standards, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor TFP growth to understand the sources of economic expansion and inform decisions related to investment, innovation, and productivity-enhancing policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (TURPITGND02GPQ), retrieved from FRED.