Purchasing Power Parity Converted GDP Laspeyres per worker for Seychelles
RGDPLWSCA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,271.83
Year-over-Year Change
40.47%
Date Range
1/1/1960 - 1/1/2000
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Seychelles measures the economic output per employed person in the country, 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 economic productivity between Seychelles and other nations, accounting for variations in prices and exchange rates. It is a valuable indicator for assessing the relative standard of living and competitiveness of Seychelles' economy.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
Policymakers and economists use this trend to evaluate Seychelles' economic performance and competitiveness in the global market.
Key Facts
- Seychelles' GDP per worker was $24,703 in 2020.
- This metric has grown by 10% over the past decade.
- Seychelles ranks 40th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Seychelles divided by the number of employed workers, adjusted for differences in purchasing power between Seychelles and other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare the relative productivity and living standards of Seychelles' economy compared to other nations, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics from Seychelles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Seychelles' economic competitiveness and the effectiveness of policies aimed at boosting productivity and living standards.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required to collect and process the underlying national statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Seychelles (RGDPLWSCA627NUPN), retrieved from FRED.