Purchasing Power Parity Converted GDP Laspeyres per worker for Philippines
RGDPLWPHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,716.49
Year-over-Year Change
30.08%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for the Philippines 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 metric represents the real GDP per person employed in the Philippines, using a Laspeyres index to control for changes in relative prices. It is a key indicator of labor productivity and economic development.
Methodology
The data is calculated by the University of Groningen's Maddison Project Database using national accounts and employment statistics.
Historical Context
Policymakers and analysts use this trend to compare the Philippines' economic performance to other nations and assess its growth potential.
Key Facts
- Philippines' GDP per worker was $24,703 in 2019.
- This metric has grown by 63% since 2000.
- The Philippines ranks 113th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real GDP per person employed in the Philippines, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: It is a key indicator of labor productivity and economic development in the Philippines, allowing comparisons to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen's Maddison Project Database using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the Philippines' economic performance and growth potential relative to other countries.
Q: Are there update delays or limitations?
A: The data may have some delay in updates and may not fully capture informal economic activity in the Philippines.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Philippines (RGDPLWPHA627NUPN), retrieved from FRED.