Purchasing Power Parity Converted GDP Laspeyres per worker for Sweden
RGDPLWSEA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,289.72
Year-over-Year Change
21.35%
Date Range
1/1/1951 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Sweden measures the economic productivity of Swedish workers, adjusted for price differences 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 indicator provides a standardized measure of Sweden's gross domestic product (GDP) per worker, converted to a common currency using purchasing power parity (PPP). It allows for cross-country comparisons of worker productivity and living standards.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Economists and policymakers use this metric to assess Sweden's competitiveness and the efficiency of its labor market.
Key Facts
- Sweden's GDP per worker was $72,522 in 2022.
- Sweden's worker productivity ranks among the highest globally.
- Purchasing power parity adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the gross domestic product (GDP) per worker in Sweden, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for cross-country comparisons of worker productivity and living standards, which is important for assessing Sweden's economic 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: Economists and policymakers use this metric to evaluate the efficiency of Sweden's labor market and inform policies aimed at improving worker productivity and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term fluctuations in worker productivity.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Sweden (RGDPLWSEA627NUPN), retrieved from FRED.