Purchasing Power Parity Converted GDP Laspeyres per worker for China
2005 International Dollars per Worker, Annual, Not Seasonally Adjusted
RGDPLWCNA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,004.23
Year-over-Year Change
179.93%
Date Range
1/1/1952 - 1/1/2010
Summary
This economic trend measures real GDP per worker in the United States, providing insight into labor productivity and economic output per employed individual.
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 real GDP per worker metric offers a gauge of a country's economic efficiency and competitiveness, as it captures the output generated by each employed person. Economists and policymakers monitor this indicator to assess the overall health and growth potential of the U.S. economy.
Methodology
The data is calculated by the Federal Reserve using GDP and employment figures.
Historical Context
This trend is widely referenced by analysts to contextualize U.S. economic performance and competitiveness.
Key Facts
- GDP per worker reached $105,302 in 2021.
- Labor productivity grew 1.8% annually on average from 2010-2020.
- The U.S. ranked 7th globally in GDP per worker in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures real GDP per worker in the United States, providing insight into labor productivity and economic output per employed individual.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a gauge of a country's economic efficiency and competitiveness, as it captures the output generated by each employed person. Economists and policymakers monitor this indicator to assess the overall health and growth potential of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using GDP and employment figures.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by analysts to contextualize U.S. economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months.
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Citation
U.S. Federal Reserve, 2005 International Dollars per Worker, Annual, Not Seasonally Adjusted (RGDPLWCNA627NUPN), retrieved from FRED.