Annual
ULQBBV08TRA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
463,642,845,952.00
Year-over-Year Change
59.96%
Date Range
1/1/1990 - 1/1/2010
Summary
The Annual trend measures the year-over-year change in the U.S. total factor productivity, which is a key indicator of economic growth and efficiency.
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 accounts for changes in output not explained by changes in labor and capital inputs. The Annual trend tracks the annual percentage change in TFP, providing insights into the overall productivity and technological progress of the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using growth accounting methods.
Historical Context
TFP growth is a critical driver of long-term economic expansion and is closely monitored by policymakers, economists, and market analysts.
Key Facts
- TFP growth averaged 1.4% per year from 1949 to 2020.
- TFP declined by 0.8% in 2020 due to the COVID-19 pandemic.
- Sustained TFP growth is a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total factor productivity (TFP) for the U.S. economy. TFP is a measure 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, so the Annual trend provides important insights into the productivity and efficiency of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using growth accounting methods to measure changes in output not explained by changes in labor and capital inputs.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor TFP growth, as it is a key indicator of long-term economic performance and a driver of rising living standards.
Q: Are there update delays or limitations?
A: The Annual trend data is subject to periodic revisions by the Bureau of Labor Statistics, and there may be a delay of several months between the end of the reference period and the data release.
Related Trends
Infra-Annual Labor Statistics: Labor Force Female: From 55 to 64 Years for Turkiye
LFAC55FETRQ647S
Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for Turkiye
LRUN25FETRA156N
Non-Bank Financial Institutions' Assets to GDP for Turkey
DDDI03TRA156NWDB
Consumer Price Index: Health (COICOP 06): Total for Turkey
TURCP060000GPM
Credit to Government and State-Owned Enterprises to GDP for Turkey
DDEI08TRA156NWDB
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Turkiye
LMUNRLTTTRM647S
Citation
U.S. Federal Reserve, Annual (ULQBBV08TRA189N), retrieved from FRED.