Purchasing Power Parity Converted GDP Laspeyres per worker for Benin
RGDPLWBJA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,885.82
Year-over-Year Change
6.75%
Date Range
1/1/1959 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Benin measures the total economic output per worker in Benin, 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 provides insights into the productivity and relative living standards of Benin's workforce compared to other nations. It is a useful indicator for economists and policymakers evaluating Benin's economic development and labor market performance.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
This trend is widely used to compare labor productivity and standards of living across countries.
Key Facts
- Benin's GDP per worker was $3,295 in 2021.
- This represents a 1.4% increase from the previous year.
- Benin ranks 145th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output per worker in Benin, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the productivity and relative living standards of Benin's workforce compared to other nations, which is useful for evaluating the country's economic development and labor market performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to compare labor productivity and standards of living across countries.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Benin (RGDPLWBJA627NUPN), retrieved from FRED.