Purchasing Power Parity Converted GDP Laspeyres per worker for Nicaragua
RGDPLWNIA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,582.15
Year-over-Year Change
-0.74%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Nicaragua measures the country's economic productivity per worker, 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 trend represents the real gross domestic product (GDP) per person employed in Nicaragua, calculated using a Laspeyres index to compare purchasing power across countries. It is a key metric for assessing Nicaragua's relative economic performance and living standards.
Methodology
The data is collected and calculated by the Conference Board, a non-profit research organization.
Historical Context
Policymakers and analysts use this metric to evaluate Nicaragua's economic competitiveness and development.
Key Facts
- Nicaragua's GDP per worker was $7,700 in 2020.
- The metric has grown by 23% over the past decade.
- Nicaragua ranks below the Latin American regional average on this indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures Nicaragua's real gross domestic product (GDP) per person employed, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Nicaragua's relative economic performance and living standards, which is important for policymakers and analysts evaluating the country's economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Conference Board, a non-profit research organization.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Nicaragua's economic competitiveness and development, as it provides insights into the country's productivity and living standards relative to other economies.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Nicaragua (RGDPLWNIA627NUPN), retrieved from FRED.