Purchasing Power Parity Converted GDP Laspeyres per worker for Switzerland
RGDPLWCHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,679.30
Year-over-Year Change
12.38%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Switzerland, providing insights into labor productivity and economic output.
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
The Purchasing Power Parity Converted GDP Laspeyres per worker for Switzerland is an important indicator of economic performance and competitiveness. It compares the real output per worker in Switzerland to other countries, adjusting for differences in price levels.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national sources.
Historical Context
This metric is widely used by economists and policymakers to evaluate Switzerland's economic standing and productivity relative to its trading partners.
Key Facts
- Switzerland has one of the highest GDP per worker levels in the world.
- The PPP-adjusted GDP per worker metric accounts for cost-of-living differences.
- This indicator is a key input for assessing Switzerland's global economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) converted GDP per worker in Switzerland, providing insights into labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists and policymakers to evaluate Switzerland's economic standing and productivity relative to its trading partners.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national sources.
Q: How is this trend used in economic policy?
A: This metric is a key input for assessing Switzerland's global economic competitiveness and informing policymakers on the country's relative productivity and output.
Q: Are there update delays or limitations?
A: The data is subject to the release schedules and methodological updates of the underlying national statistics agencies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Switzerland (RGDPLWCHA627NUPN), retrieved from FRED.