Purchasing Power Parity Converted GDP Laspeyres per worker for Hungary
RGDPLWHUA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,842.68
Year-over-Year Change
22.86%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the productivity-adjusted real GDP per worker in Hungary, adjusting 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
The Purchasing Power Parity Converted GDP Laspeyres per worker for Hungary represents the real output per worker in the country, taking into account differences in prices and living standards compared to other nations. This metric is useful for cross-country comparisons of economic performance and productivity.
Methodology
The data is calculated by the Conference Board using GDP, exchange rates, and employment figures.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess relative economic competitiveness.
Key Facts
- Hungary's GDP per worker was $52,194 in 2021.
- Productivity-adjusted GDP per worker has grown 58% in Hungary since 2000.
- Hungary's worker productivity trails the OECD average by around 30%.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the real GDP per worker in Hungary, adjusted for differences in purchasing power compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for cross-country comparisons of economic productivity and competitiveness, which is valuable for policymakers and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP, exchange rates, and employment figures.
Q: How is this trend used in economic policy?
A: This productivity-adjusted GDP per worker metric is widely used by economists and policymakers to assess a country's relative economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of several months. The methodology may not fully capture all nuances of productivity differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Hungary (RGDPLWHUA627NUPN), retrieved from FRED.