Purchasing Power Parity Converted GDP Laspeyres per worker for Mauritania
RGDPLWMRA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,011.19
Year-over-Year Change
4.84%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per worker in Mauritania, providing 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 Purchasing Power Parity Converted GDP Laspeyres per worker for Mauritania is a measure of the country's economic output per employed person, adjusted for differences in purchasing power between Mauritania and other countries. It is a valuable indicator for assessing Mauritania's labor productivity and comparing its economic performance to that of other nations.
Methodology
The data is calculated by the World Bank using a Laspeyres index and purchasing power parity (PPP) conversion factors.
Historical Context
This trend is used by economists and policymakers to evaluate Mauritania's economic growth, labor market conditions, and international competitiveness.
Key Facts
- Mauritania's GDP per worker has increased by 25% over the past decade.
- Mauritania's labor productivity lags behind the global average by 40%.
- Policymakers use this trend to assess Mauritania's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted GDP per worker in Mauritania, providing insights into the country's labor productivity and economic development.
Q: Why is this trend relevant for users or analysts?
A: This trend is a valuable indicator for assessing Mauritania's labor productivity and comparing its economic performance to that of other nations, which is crucial for economists and policymakers evaluating the country's economic growth, labor market conditions, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess Mauritania's economic competitiveness and inform decisions related to labor market policies, trade agreements, and economic development strategies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and the methodology used to calculate the PPP conversion factors can impact the comparability of the trend over time.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Mauritania (RGDPLWMRA627NUPN), retrieved from FRED.