Purchasing Power Parity Converted GDP Laspeyres per worker for St. Lucia
RGDPLWLCA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,292.52
Year-over-Year Change
-2.04%
Date Range
1/1/1980 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per worker in St. Lucia, providing insights into labor productivity and economic growth.
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 St. Lucia is an important indicator of economic performance and living standards. It adjusts GDP per worker to account for differences in purchasing power across countries, enabling cross-country comparisons.
Methodology
The data is calculated by the Federal Reserve using GDP and employment figures from international sources.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess economic competitiveness and inform policy decisions.
Key Facts
- St. Lucia's GDP per worker was $24,923 in 2020.
- The PPP adjustment accounts for cost-of-living differences across countries.
- This metric is used to evaluate economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per worker in St. Lucia, which provides insights into labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess economic competitiveness and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using GDP and employment figures from international sources.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate economic development and living standards, and to make cross-country comparisons of economic performance.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions from the underlying sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for St. Lucia (RGDPLWLCA627NUPN), retrieved from FRED.