Purchasing Power Parity Converted GDP Laspeyres per worker for Japan
RGDPLWJPA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,257.29
Year-over-Year Change
13.38%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Japan measures the real productivity of Japanese workers, providing insight into the country's economic performance.
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 represents the inflation-adjusted gross domestic product per employed person in Japan, calculated using a Laspeyres index and purchasing power parity conversion. It is a key indicator of labor productivity and living standards within the Japanese economy.
Methodology
The data is calculated by the Conference Board based on official GDP and employment statistics from Japanese government sources.
Historical Context
Policymakers and analysts use this metric to assess Japan's economic competitiveness and the effectiveness of its labor and productivity policies.
Key Facts
- Japan's GDP per worker has steadily increased over the past two decades.
- Productivity growth in Japan lags behind other major advanced economies.
- Improving worker productivity is a key policy goal for the Japanese government.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product per employed person in Japan, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the productivity and living standards of Japanese workers, which is crucial for assessing the country's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using official GDP and employment statistics from the Japanese government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the effectiveness of Japan's labor and productivity policies, and to compare its economic performance to other major economies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of official government statistics, but the Conference Board provides timely updates on a regular basis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Japan (RGDPLWJPA627NUPN), retrieved from FRED.