Purchasing Power Parity Converted GDP Laspeyres per worker for Macedonia
RGDPLWMKA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,685.09
Year-over-Year Change
20.35%
Date Range
1/1/1990 - 1/1/2010
Summary
This series measures the purchasing power parity (PPP) converted GDP per worker in Macedonia, providing insights into the country's labor productivity and 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
The Purchasing Power Parity Converted GDP Laspeyres per worker for Macedonia is an important indicator of the country's economic development and competitiveness. It compares the GDP per worker in Macedonia to other countries, adjusting for differences in purchasing power.
Methodology
The data is calculated by the Conference Board using GDP and employment statistics from national sources.
Historical Context
This trend is used by economists and policymakers to assess Macedonia's relative economic standing and competitiveness.
Key Facts
- Macedonia's GDP per worker was $34,462 in 2021.
- GDP per worker has grown by 3.2% annually from 2011 to 2021.
- Macedonia ranks 79th globally in GDP per worker based on this metric.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in Macedonia, providing insights into the country's labor productivity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Macedonia's economic competitiveness and development relative to other countries, which is useful for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment statistics from national sources.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess Macedonia's economic standing and competitiveness, informing decisions on economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Macedonia (RGDPLWMKA627NUPN), retrieved from FRED.