Purchasing Power Parity Converted GDP Laspeyres per worker for Norway
RGDPLWNOA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95,295.39
Year-over-Year Change
14.22%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Norway measures the output per worker in Norway, 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 provides a standardized way to compare economic productivity across nations by accounting for price level differences. It is a key indicator used by economists and policymakers to assess a country's economic performance and living standards.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely referenced in international economic analyses and policy discussions.
Key Facts
- Norway's GDP per worker was $102,789 in 2022.
- Norway has one of the highest GDP per worker levels globally.
- Productivity growth is a key driver of rising living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Norway's GDP per worker, adjusted for differences in purchasing power across countries. It provides a standardized way to compare economic productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess a country's economic performance and living standards in an international context.
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 referenced extensively in international economic analyses and policy discussions, as it offers insights into a country's productivity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Norway (RGDPLWNOA627NUPN), retrieved from FRED.