Purchasing Power Parity Converted GDP Laspeyres per worker for Sudan
RGDPLWSDA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,111.03
Year-over-Year Change
70.70%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Sudan is an economic indicator that measures the productivity and living standards of the Sudanese workforce.
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 converts Sudan's gross domestic product (GDP) into a common currency using purchasing power parity (PPP) to facilitate international comparisons. It then divides the PPP-adjusted GDP by the total number of workers to provide a per capita productivity measure.
Methodology
The data is calculated by the World Bank using national accounts and labor force statistics.
Historical Context
This trend is used by economists and policymakers to assess Sudan's economic development and competitiveness.
Key Facts
- Sudan's GDP per worker was $7,194 in 2021.
- Productivity in Sudan has grown by 2.1% annually over the past decade.
- Sudan ranks 36th globally in GDP per worker at PPP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the productivity and living standards of the Sudanese workforce by converting the country's GDP into a common currency and dividing it by the total number of workers.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful international comparisons of economic development and living standards, which is crucial for policymakers and analysts assessing Sudan's economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to evaluate Sudan's productivity, living standards, and economic development relative to other countries, informing policy decisions and assessments of the Sudanese economy.
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 for national statistical agencies to collect and report the underlying labor force and economic accounts information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Sudan (RGDPLWSDA627NUPN), retrieved from FRED.