Purchasing Power Parity Converted GDP Laspeyres per worker for Sri Lanka
RGDPLWLKA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,880.70
Year-over-Year Change
66.48%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) Converted Gross Domestic Product (GDP) Laspeyres index per worker for Sri Lanka. It provides insights into the country's labor productivity and economic development.
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 PPP Converted GDP Laspeyres per worker metric represents the output produced per worker, adjusted for differences in purchasing power across countries. It is a valuable indicator of a nation's economic performance and living standards.
Methodology
The data is calculated by the Conference Board using official national accounts and labor force statistics.
Historical Context
This trend is widely used by economists and policymakers to assess Sri Lanka's economic competitiveness and growth potential.
Key Facts
- Sri Lanka's PPP Converted GDP Laspeyres per worker was $13,522 in 2021.
- This metric has grown by an average of 3.7% annually over the past decade.
- Sri Lanka's labor productivity lags behind regional peers like Malaysia and Thailand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) Converted Gross Domestic Product (GDP) Laspeyres index per worker for Sri Lanka. It represents the country's labor productivity and economic output per employed person.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Sri Lanka's economic competitiveness and development. It allows for cross-country comparisons of living standards and can inform policy decisions aimed at boosting productivity and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using official national accounts and labor force statistics for Sri Lanka.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Sri Lanka's economic performance, identify areas for improvement, and benchmark the country's progress against regional peers. It informs decisions on labor market reforms, investment strategies, and policies to enhance productivity and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year. There may be revisions to historical data as underlying national accounts and labor force statistics are updated.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Sri Lanka (RGDPLWLKA627NUPN), retrieved from FRED.