Purchasing Power Parity Converted GDP Laspeyres per worker for Bosnia and Herzegovina
RGDPLWBAA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,025.86
Year-over-Year Change
35.31%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Bosnia and Herzegovina measures the country's economic output per worker, adjusted for differences in purchasing power across countries.
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
This metric represents the real GDP per employed person in Bosnia and Herzegovina, providing insights into the nation's labor productivity and economic development. It is a useful indicator for international comparisons of living standards and productivity.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and competitiveness.
Key Facts
- Bosnia and Herzegovina's GDP per worker was $24,703 in 2021.
- The country's labor productivity has grown by 3.2% annually over the past decade.
- Its GDP per worker is 46% of the United States' level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real GDP per employed person in Bosnia and Herzegovina, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Bosnia and Herzegovina's labor productivity and economic development, allowing for international comparisons of living standards and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential delays in data reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Bosnia and Herzegovina (RGDPLWBAA627NUPN), retrieved from FRED.