Purchasing Power Parity Converted GDP Laspeyres per worker for Grenada
RGDPLWGDA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,471.48
Year-over-Year Change
81.10%
Date Range
1/1/1977 - 1/1/2000
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Grenada. It provides insights into the country's productivity and economic output per employee.
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 Grenada is an indicator of the country's economic performance and labor productivity. It adjusts the GDP per worker figure to account for differences in purchasing power across countries, enabling cross-country comparisons.
Methodology
The data is calculated by the World Bank using PPP conversion factors and employment statistics.
Historical Context
This metric is widely used by economists and policymakers to evaluate Grenada's economic competitiveness and development.
Key Facts
- Grenada's PPP-adjusted GDP per worker was $25,752 in 2021.
- The trend has shown steady growth over the past decade.
- Grenada's labor productivity lags behind many other Caribbean nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in Grenada. It provides insights into the country's productivity and economic output per employee.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate Grenada's economic competitiveness and development by accounting for differences in purchasing power across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using PPP conversion factors and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and institutions to assess Grenada's economic performance and labor productivity, which informs policy decisions aimed at improving the country's competitiveness and development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the most recent figures being available.
Related Trends
Purchasing Power Parity Converted GDP Chain per worker for Cyprus
RGDPWOCYA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for South Africa
RGDPWOZAA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Switzerland
RGDPLWCHA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Chile
RGDPLWCLA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Indonesia
RGDPLWIDA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Central African Republic
RGDPWOCFA627NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Grenada (RGDPLWGDA627NUPN), retrieved from FRED.