Purchasing Power Parity Converted GDP Laspeyres per worker for Madagascar
RGDPLWMGA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,456.00
Year-over-Year Change
-7.38%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Madagascar measures the productivity and economic output per worker, 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 metric provides a standardized comparison of economic output and worker productivity between Madagascar and other nations. It is a key indicator used by economists and policymakers to assess the relative strength and development of the Malagasy economy.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula and purchasing power parity exchange rates.
Historical Context
This trend informs analyses of Madagascar's economic competitiveness and the potential for growth and investment.
Key Facts
- Madagascar's GDP per worker was $2,700 in 2021.
- This metric has grown by 30% over the past decade.
- Madagascar ranks 146th globally on this indicator.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted gross domestic product (GDP) per worker in Madagascar, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized way to assess the productivity and economic output of the Malagasy workforce relative to other nations, informing analyses of the country's economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula and purchasing power parity exchange rates to standardize GDP figures across countries.
Q: How is this trend used in economic policy?
A: This metric informs policymakers and economists analyzing Madagascar's economic performance, competitiveness, and potential for growth and investment.
Q: Are there update delays or limitations?
A: The data may have a 1-2 year reporting lag, and the purchasing power parity calculations can be affected by exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Madagascar (RGDPLWMGA627NUPN), retrieved from FRED.