Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Italy
RGDPTHITA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.48
Year-over-Year Change
5.20%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per hour worked by employees in Italy. It provides insights into labor productivity and economic output.
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 hour worked by employees for Italy is an important indicator of economic performance and labor productivity. It allows for cross-country comparisons of GDP adjusted for differences in purchasing power and labor inputs.
Methodology
This data is calculated by the Conference Board using national accounts and labor force survey data.
Historical Context
Economists and policymakers use this trend to assess Italy's competitiveness and productivity relative to other countries.
Key Facts
- Italy's GDP per hour worked was $59.03 in 2021.
- Italy's labor productivity has increased by 15% since 2010.
- Italy ranks 15th globally in GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per hour worked by employees in Italy. It provides an indicator of labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Italy's economic competitiveness and labor market efficiency compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force survey data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Italy's economic performance and make informed decisions about policies affecting productivity and competitiveness.
Q: Are there update delays or limitations?
A: There may be update delays of several months, and the data may not fully capture informal or unregistered labor in the Italian economy.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Italy (RGDPTHITA630NUPN), retrieved from FRED.