Purchasing Power Parity Converted GDP Laspeyres per worker for Malaysia
RGDPLWMYA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,318.87
Year-over-Year Change
39.21%
Date Range
1/1/1955 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Malaysia is an economic indicator that measures the productivity and living standards of Malaysian workers relative to other 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 trend represents the real gross domestic product (GDP) per employed person in Malaysia, adjusted for differences in purchasing power across nations. It is a widely used metric for cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Policymakers and economists analyze this trend to assess Malaysia's economic performance and competitiveness relative to its peers.
Key Facts
- Malaysia's GDP per worker was $24,703 in 2020.
- This metric has grown by over 50% since 2000.
- Malaysia ranks 25th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) per employed person in Malaysia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to assess a country's economic productivity and living standards in comparison to other nations.
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: Policymakers and economists analyze this trend to evaluate Malaysia's economic performance and competitiveness relative to its peers.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic changes.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Malaysia (RGDPLWMYA627NUPN), retrieved from FRED.