Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Turkmenistan
RGDPTETMA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,932.00
Year-over-Year Change
87.26%
Date Range
1/1/1993 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per person employed in Turkmenistan. It provides insights into the productivity and standard of living in the Turkmen economy.
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 PPP-converted GDP per person employed is an important economic indicator that adjusts for differences in price levels across countries, allowing for more accurate comparisons of economic output and living standards. This metric is widely used by economists and policymakers to evaluate economic performance and development.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
This trend is relevant for understanding Turkmenistan's economic progress and competitiveness within the region.
Key Facts
- Turkmenistan's PPP-converted GDP per employed person was $25,302 in 2020.
- This metric has grown by an average of 2.7% annually over the past decade.
- Turkmenistan ranks 72nd globally in terms of PPP-adjusted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person employed in Turkmenistan. It adjusts for differences in price levels to provide a more accurate comparison of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate a country's economic performance, productivity, and competitiveness relative to other nations.
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 provides insights into Turkmenistan's economic progress and living standards, which is relevant for policymakers and analysts assessing the country's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Turkmenistan (RGDPTETMA629NUPN), retrieved from FRED.