Purchasing Power Parity Converted GDP Laspeyres per worker for Egypt
RGDPLWEGA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,601.74
Year-over-Year Change
22.06%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per worker in Egypt, adjusted using the Laspeyres index. It provides insights into labor productivity and the international competitiveness of the Egyptian economy.
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 Egypt is an important indicator for evaluating the productive capacity and efficiency of the Egyptian labor force. It allows for cross-country comparisons of economic output adjusted for differences in price levels, providing a more accurate picture of relative living standards and competitiveness.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the long-term growth potential and international standing of the Egyptian economy.
Key Facts
- Egypt's GDP per worker adjusted for purchasing power was $25,700 in 2021.
- Egypt's labor productivity has grown by an average of 2.3% per year over the past decade.
- Egypt ranks 79th globally in terms of PPP-adjusted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity Converted GDP Laspeyres per worker for Egypt measures the country's gross domestic product per employed person, adjusted for differences in international price levels using the Laspeyres index.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate assessment of Egypt's economic output and labor productivity compared to other countries, which is crucial for evaluating the competitiveness and growth potential of the Egyptian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies in Egypt.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor Egypt's long-term economic performance, inform decisions on labor market reforms, and assess the country's international competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Egypt (RGDPLWEGA627NUPN), retrieved from FRED.