Purchasing Power Parity Converted GDP Laspeyres per worker for Luxembourg
RGDPLWLUA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101,473.61
Year-over-Year Change
1.48%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted real GDP per worker in Luxembourg. It provides insight into the productivity and living standards of the country's workforce.
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 Luxembourg is an indicator of economic output and efficiency. It compares the real value of goods and services produced per worker in Luxembourg to other countries, adjusting for differences in price levels.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
This metric is used by economists and policymakers to assess Luxembourg's economic competitiveness and productivity relative to its global peers.
Key Facts
- Luxembourg has one of the highest GDP per worker levels globally.
- This metric adjusts for differences in price levels across countries.
- Productivity growth is a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted real GDP per worker in Luxembourg. It provides insight into the productivity and living standards of the country's workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess Luxembourg's economic competitiveness and productivity relative to its global peers.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Q: How is this trend used in economic policy?
A: This metric provides insight into Luxembourg's economic output and efficiency, which is relevant for assessing the country's competitiveness and policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data availability due to the time required to collect and process the underlying GDP and employment figures from national sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Luxembourg (RGDPLWLUA627NUPN), retrieved from FRED.