Purchasing Power Parity Converted GDP Laspeyres per worker for Serbia
RGDPLWRSA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,667.32
Year-over-Year Change
51.13%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Serbia measures the economic output per worker in Serbia, 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 comparison of productivity levels between Serbia and other nations, enabling analysts to evaluate Serbia's economic performance relative to its peers. It is a key indicator used by economists and policymakers to assess a country's economic development and competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Trends in this metric are closely monitored by international organizations and investors to gauge Serbia's economic trajectory and investment climate.
Key Facts
- Serbia's GDP per worker was $36,700 in 2021.
- This metric has grown by an average of 2.3% per year over the past decade.
- Serbia ranks 50th globally in terms of GDP per worker on a purchasing power parity basis.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity Converted GDP Laspeyres per worker for Serbia measures the economic output per worker in Serbia, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare Serbia's productivity levels to other nations, enabling analysts to evaluate the country's economic performance and competitiveness.
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: Trends in this metric are closely monitored by international organizations and investors to gauge Serbia's economic trajectory and investment climate.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term fluctuations in Serbia's economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Serbia (RGDPLWRSA627NUPN), retrieved from FRED.