Purchasing Power Parity Converted GDP Laspeyres per worker for Maldives
RGDPLWMVA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,262.70
Year-over-Year Change
-17.40%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Maldives measures the total economic output per worker in the Maldives, 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 represents the real GDP per employed person in the Maldives, using a Laspeyres index to control for price level differences between countries. It provides a standardized measure of labor productivity that enables cross-country comparisons.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists and policymakers to assess the relative economic performance and development of the Maldives.
Key Facts
- Maldives had a GDP per worker of $23,462 in 2021.
- This represents a 75% increase from the 2000 level of $13,359.
- The Maldives ranks 57th globally in terms of GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output per worker in the Maldives, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized measure of labor productivity that enables cross-country comparisons, which is useful for economists and policymakers assessing the relative economic performance and development of the Maldives.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess the relative economic performance and development of the Maldives.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year lag in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Maldives (RGDPLWMVA627NUPN), retrieved from FRED.