Purchasing Power Parity Converted GDP Laspeyres per worker for Algeria
RGDPLWDZA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,743.54
Year-over-Year Change
13.54%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures real GDP per worker in Algeria, adjusted for purchasing power parity. It provides insights into labor productivity and economic growth in the country.
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 Algeria is an important indicator of economic performance. It reflects the inflation-adjusted value of output per worker, offering a standardized measure of labor productivity across countries.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This metric is widely used by economists and policymakers to analyze Algeria's economic competitiveness and living standards relative to other nations.
Key Facts
- Algeria's GDP per worker was $31,577 in 2021.
- Algeria's labor productivity has grown by 2.3% annually over the past decade.
- Algeria's GDP per worker is about 50% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real GDP per worker in Algeria, adjusted for differences in purchasing power across countries. It provides a standardized indicator of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Algeria's economic competitiveness and living standards. It allows for cross-country comparisons of worker productivity and can inform policymaking.
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: Economists and policymakers use this metric to analyze Algeria's economic performance, labor market conditions, and competitiveness relative to other nations.
Q: Are there update delays or limitations?
A: There can be delays of several months in the release of this data due to the time required to collect and process the underlying national statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Algeria (RGDPLWDZA627NUPN), retrieved from FRED.