Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Japan
RGDPTHJPA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.13
Year-over-Year Change
24.30%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Japan's real GDP per hour worked, adjusted for purchasing power parity. It provides insights into labor productivity and living standards in the Japanese 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 Purchasing Power Parity Converted GDP Laspeyres per hour worked metric tracks the real gross domestic product (GDP) per hour of work in Japan, with adjustments made to account for differences in purchasing power between countries. This metric is widely used by economists to assess labor productivity and compare living standards across nations.
Methodology
The data is calculated by the U.S. Federal Reserve using GDP and labor input statistics from international sources.
Historical Context
Policymakers and analysts use this trend to evaluate the competitiveness and efficiency of the Japanese economy relative to other major developed countries.
Key Facts
- Japan's GDP per hour worked was $47.13 in 2021.
- This metric has grown by 23% over the past decade in Japan.
- Japan ranks 10th globally in GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This trend measures Japan's real gross domestic product (GDP) per hour worked, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor productivity and living standards in the Japanese economy, allowing for comparisons to other major developed countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using GDP and labor input statistics from international sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the competitiveness and efficiency of the Japanese economy relative to other major developed countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay compared to the reference year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Japan (RGDPTHJPA630NUPN), retrieved from FRED.