Purchasing Power Parity Converted GDP Laspeyres per worker for Spain
RGDPLWESA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,721.36
Year-over-Year Change
-1.00%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Spain is an economic indicator that measures the productivity and living standards of Spanish workers.
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 metric represents the inflation-adjusted gross domestic product (GDP) per worker in Spain, adjusted for differences in purchasing power across countries. It is used to compare the relative economic well-being of workers in different nations.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is relevant for policymakers and analysts assessing the competitiveness and productivity of the Spanish economy.
Key Facts
- Spain's GDP per worker was $78,090 in 2021.
- Spain's worker productivity has grown by 25% since 2010.
- Spain ranks 18th globally in GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the inflation-adjusted gross domestic product (GDP) per worker in Spain, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for assessing the relative economic well-being and productivity of Spanish workers compared to other nations.
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: This trend is relevant for policymakers and analysts assessing the competitiveness and productivity of the Spanish economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Spain (RGDPLWESA627NUPN), retrieved from FRED.