Purchasing Power Parity Converted GDP Laspeyres per worker for Indonesia
RGDPLWIDA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,041.93
Year-over-Year Change
32.06%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Indonesia measures the economic output per worker in Indonesia, 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 way to compare economic productivity across nations by accounting for price level differences. It is a useful indicator for analyzing labor market trends and assessing relative living standards.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Policymakers and economists use this indicator to gauge Indonesia's competitiveness and growth potential relative to other economies.
Key Facts
- Indonesia's GDP per worker was $31,577 in 2021.
- This metric has grown by 42% over the past decade.
- Indonesia ranks 8th globally in Purchasing Power Parity GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the output of the Indonesian economy per worker, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare labor productivity and living standards between Indonesia and 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: Policymakers and economists use this indicator to gauge Indonesia's competitiveness and growth potential relative to peer economies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 1-2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Indonesia (RGDPLWIDA627NUPN), retrieved from FRED.