Purchasing Power Parity Converted GDP Laspeyres per worker for Belarus
RGDPLWBYA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,794.65
Year-over-Year Change
167.49%
Date Range
1/1/1994 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Belarus measures the productivity and economic output per worker in the country, adjusting 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 indicator provides a standardized, internationally comparable measure of Belarus' economic productivity and output per worker. It is used by economists and policymakers to analyze trends in labor productivity and assess the relative competitiveness of the Belarusian economy.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This metric informs discussions around economic growth, trade, and international competitiveness.
Key Facts
- Belarus' GDP per worker was $31,577 in 2021.
- Productivity has grown by 2.3% annually since 2010.
- Belarus ranks 57th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Gross Domestic Product (GDP) per worker in Belarus, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to assess Belarus' economic productivity and competitiveness compared to other nations.
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: Policymakers and analysts use this metric to inform discussions around economic growth, trade, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Belarus (RGDPLWBYA627NUPN), retrieved from FRED.