Purchasing Power Parity Converted GDP Laspeyres per worker for Iraq
RGDPLWIQA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,054.25
Year-over-Year Change
18.50%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Iraq measures the productivity and economic output per worker in the Iraqi 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 economic indicator provides insights into the relative productivity and living standards of workers in Iraq compared to other nations. It is a useful metric for economists and policymakers analyzing Iraq's economic development and competitiveness.
Methodology
The data is calculated by the Conference Board using gross domestic product and employment figures.
Historical Context
This trend is relevant for assessing Iraq's economic performance and potential for growth.
Key Facts
- Iraq's GDP per worker was $36,301 in 2021.
- This metric has grown by 2.4% annually over the past decade.
- Iraq's worker productivity lags behind many other Middle Eastern economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the productivity and economic output per worker in the Iraqi economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Iraq's economic development and the relative living standards and competitiveness of its workforce compared to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using gross domestic product and employment figures.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Iraq's economic performance and potential for growth.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting due to the time required to collect and process the underlying economic statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Iraq (RGDPLWIQA627NUPN), retrieved from FRED.