Purchasing Power Parity Converted GDP Laspeyres per worker for Mauritius
RGDPLWMUA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,815.99
Year-over-Year Change
38.96%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in Mauritius, adjusted using the Laspeyres index. It provides insights into labor productivity and the international purchasing power of Mauritius' economy.
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 Mauritius represents the total economic output per employed person in the country, adjusted for differences in purchasing power across international markets. This metric is used by economists to assess labor productivity and international competitiveness.
Methodology
The data is calculated by the U.S. Federal Reserve using GDP and employment figures from national statistical agencies.
Historical Context
This trend is relevant for policymakers and analysts assessing Mauritius' economic performance and potential for growth.
Key Facts
- Mauritius' GDP per worker was $24,923 in 2021.
- The trend has grown by an average of 2.4% annually over the past decade.
- Mauritius ranks 59th globally in GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in Mauritius, adjusted using the Laspeyres index. It provides insights into labor productivity and the international purchasing power of the Mauritian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Mauritius' economic performance, labor productivity, and international competitiveness. It allows for cross-country comparisons of living standards and production efficiency.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using GDP and employment figures from national statistical agencies in Mauritius.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Mauritius' economic progress, identify areas for improvement, and inform decisions on trade, investment, and labor market policies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and data publication due to the time required for data collection and processing. Additionally, the PPP adjustments may not fully capture all regional price variations within Mauritius.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Mauritius (RGDPLWMUA627NUPN), retrieved from FRED.