Purchasing Power Parity Converted GDP Laspeyres per worker for Central African Republic
RGDPLWCFA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,257.01
Year-over-Year Change
-2.11%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Central African Republic measures the productivity and 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 economic indicator provides a standardized measure of Central African Republic's Gross Domestic Product (GDP) per employed person, converted using purchasing power parity (PPP) to allow for cross-country comparisons. It serves as a proxy for labor productivity and living standards within the country.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
Policymakers and economists utilize this trend to assess Central African Republic's economic development and competitiveness relative to other nations.
Key Facts
- Central African Republic's GDP per worker was $2,149 in 2021.
- The country's labor productivity lags behind the global average.
- Improving worker productivity is a key economic goal for policymakers.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Gross Domestic Product (GDP) per employed person in Central African Republic, 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 Central African Republic's economic output and labor productivity relative to other nations, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists utilize this metric to evaluate Central African Republic's economic development, competitiveness, and progress toward improving living standards and worker productivity.
Q: Are there update delays or limitations?
A: This data is published annually with a lag, and may not fully capture rapid economic changes within Central African Republic.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Central African Republic (RGDPLWCFA627NUPN), retrieved from FRED.