Purchasing Power Parity Converted GDP Laspeyres per worker for New Zealand
RGDPLWNZA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,784.88
Year-over-Year Change
14.62%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in New Zealand, providing insights into labor productivity and national economic output.
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
The Purchasing Power Parity Converted GDP Laspeyres per worker for New Zealand is an important indicator of economic performance and labor market efficiency. It represents the real GDP per employed person, adjusted for price level differences between countries using PPP conversion factors.
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, policymakers, and international organizations to assess and compare economic conditions across countries.
Key Facts
- New Zealand's PPP converted GDP per worker was $50,667 in 2021.
- The trend has increased by 18% over the past decade.
- New Zealand ranks 15th globally in PPP GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in New Zealand, providing insights into labor productivity and national economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess and compare economic conditions and labor market efficiency across countries.
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 used by policymakers, markets, and institutions to evaluate a country's economic performance and competitiveness in the global economy.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some potential delays in data reporting and publication.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for New Zealand (RGDPLWNZA627NUPN), retrieved from FRED.