Purchasing Power Parity Converted GDP Laspeyres per worker for Croatia
RGDPLWHRA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,958.93
Year-over-Year Change
32.18%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Croatia measures the economic productivity of Croatian workers, which is an important indicator of a country's economic development and living standards.
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 series represents the Gross Domestic Product (GDP) per employed person in Croatia, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of economic output than standard GDP per capita.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistics agencies.
Historical Context
Economists and policymakers use this metric to assess Croatia's economic competitiveness and productivity compared to other countries.
Key Facts
- Croatia's GDP per worker was $43,235 in 2021.
- Croatia's productivity ranked 29th globally in 2021.
- Croatia's GDP per worker has grown by 2.8% annually since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the Gross Domestic Product (GDP) per employed person in Croatia, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This productivity measure provides a more accurate comparison of economic output than standard GDP per capita, making it useful for assessing Croatia's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistics agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Croatia's economic development and productivity compared to other countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per worker for Puerto Rico
RGDPLWPRA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Niger
RGDPWONEA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Hong Kong SAR
RGDPWOHKA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Cameroon
RGDPWOCMA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Bulgaria
RGDPWOBGA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Guinea
RGDPLWGNA627NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Croatia (RGDPLWHRA627NUPN), retrieved from FRED.