Purchasing Power Parity Converted GDP Laspeyres per worker for Solomon Islands
RGDPLWSBA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,790.61
Year-over-Year Change
15.09%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted real GDP per worker in the Solomon Islands. It provides insight into labor productivity and living standards within the country.
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 the Solomon Islands is an important indicator of economic development and labor market conditions. It accounts for differences in prices across countries to give a more accurate picture of productivity and living standards.
Methodology
The data is calculated by the World Bank using national accounts and labor force data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate and compare economic performance across countries.
Key Facts
- The Solomon Islands is a small island country in the South Pacific.
- Purchasing power parity accounts for differences in the cost of living between countries.
- GDP per worker is a measure of labor productivity and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted real GDP per worker in the Solomon Islands. It provides insight into labor productivity and living standards within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate and compare economic performance across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess labor productivity, living standards, and overall economic development in the Solomon Islands.
Q: Are there update delays or limitations?
A: The data may have some update delays due to the time required to collect and process the underlying national accounts and labor force information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Solomon Islands (RGDPLWSBA627NUPN), retrieved from FRED.