Purchasing Power Parity Converted GDP Laspeyres per worker for Burkina Faso
RGDPLWBFA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,037.74
Year-over-Year Change
21.02%
Date Range
1/1/1959 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Burkina Faso measures the total economic output per worker in the country, adjusted for differences in purchasing power across nations.
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 trend represents the real GDP per worker in Burkina Faso, using a Laspeyres index to compare purchasing power across countries. It is a key metric for assessing labor productivity and economic development in the country.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
Policymakers and economists use this metric to evaluate Burkina Faso's economic performance and competitiveness.
Key Facts
- Burkina Faso's GDP per worker was $2,667 in 2021.
- GDP per worker has grown by 23% in Burkina Faso over the past decade.
- Burkina Faso ranks 146th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output per worker in Burkina Faso, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor productivity and economic development in Burkina Faso, allowing for cross-country 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: Policymakers and economists use this metric to evaluate Burkina Faso's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture informal economic activity.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Burkina Faso (RGDPLWBFA627NUPN), retrieved from FRED.