Purchasing Power Parity Converted GDP Laspeyres per worker for Netherlands
RGDPLWNLA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,244.08
Year-over-Year Change
9.73%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Netherlands measures the total economic output 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 economic indicator provides a standardized comparison of productivity and living standards between nations by accounting for price level differences. It is widely used by economists and policymakers to analyze cross-country economic performance.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This metric informs discussions around international competitiveness and standards of living.
Key Facts
- Netherlands ranked 10th globally in this metric in 2021.
- The indicator adjusts for price differences to enable valid cross-country comparisons.
- GDP per worker is a key measure of labor productivity and economic efficiency.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output per worker in the Netherlands, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a standardized way to compare productivity and living standards between nations, informing discussions around international competitiveness and economic development.
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 metric is widely used by economists and policymakers to analyze cross-country economic performance and inform discussions around international competitiveness and standards of living.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Netherlands (RGDPLWNLA627NUPN), retrieved from FRED.