Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for St. Lucia
RGDPTELCA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,190.08
Year-over-Year Change
-4.95%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per employed person in St. Lucia. It provides insights into the country's economic productivity and standard of living.
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
The Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for St. Lucia is an indicator of economic well-being. It adjusts the GDP per employed person to account for differences in purchasing power across countries, enabling more accurate international comparisons.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
This trend is useful for policymakers and economists to assess St. Lucia's economic performance and competitiveness.
Key Facts
- St. Lucia's GDP per employed person was $27,462 in 2021.
- This trend has increased by 18% over the past decade.
- St. Lucia ranks 78th globally in terms of GDP per employed person.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per employed person in St. Lucia, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into St. Lucia's economic productivity and standard of living, enabling more accurate international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and economists to assess St. Lucia's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for St. Lucia (RGDPTELCA629NUPN), retrieved from FRED.