The Total Factor Productivity (PTF) can be interpreted as the difference between the growth rate of production and the mean growth rate of the factors used to obtain it, where the weighting factors are the participations of each factor in the national income. In other words, the sum of contributions of the productive factors (labour and capital) and the PTF coincide with the rate of variation of the GDP.
Productivity and economic growth accounts were newly included in the Regulation No 549/2013 of the European Parliament and of the Council, of 21 May 2013, on the European system of national and regional accounts in the European Union.
Idescat presents an updated set of records of Total Factor Productivity for the period 2000–2019. This new set of records has been prepared using the same methodology as the previous one, however the incorporation in the calculation of the estimates of the main aggregates obtained in the 2019 Benchmark Revision has modified all of the results of the reference period.
The data for Catalonia are annually prepared by Idescat and the Ministry of the Economy and Finance. The data for Spain is prepared by the European Commission.
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