Purchasing Power Parity Converted GDP Laspeyres per worker for Fiji
RGDPLWFJA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,819.91
Year-over-Year Change
-3.55%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Fiji measures the output per worker in Fiji's economy, adjusted for differences in purchasing power across countries.
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 provides a standardized comparison of economic productivity across nations by accounting for variations in local prices and exchange rates. It is a key indicator used by economists and policymakers to assess a country's relative standard of living and competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely referenced in international economic analysis and policy discussions.
Key Facts
- Fiji's GDP per worker was $24,789 in 2021.
- Fiji's productivity ranks 79th globally.
- Purchasing power parity adjusts for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This metric measures Fiji's gross domestic product (GDP) per worker, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized way to compare economic productivity and living standards across nations, which is crucial for international economic analysis and 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: This trend is widely referenced in discussions of international competitiveness, living standards, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be delays in reporting from some countries.
Related Trends
Purchasing Power Parity Converted GDP Chain per worker for Sweden
RGDPWOSEA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Malta
RGDPWOMTA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Sierra Leone
RGDPLWSLA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Norway
RGDPLWNOA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Belarus
RGDPWOBYA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Bangladesh
RGDPWOBDA627NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Fiji (RGDPLWFJA627NUPN), retrieved from FRED.