Purchasing Power Parity Converted GDP Laspeyres per worker for Slovenia
RGDPLWSIA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,416.00
Year-over-Year Change
39.64%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Slovenia measures the country's economic output per worker, 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 trend represents Slovenia's gross domestic product (GDP) per worker, with the GDP figure converted to a common currency using purchasing power parity (PPP) to account for cost-of-living differences. It is an important metric for comparing labor productivity and living standards across nations.
Methodology
The data is calculated by the University of Groningen based on GDP and employment figures.
Historical Context
Policymakers and economists use this trend to assess Slovenia's economic competitiveness and development relative to other countries.
Key Facts
- Slovenia's GDP per worker was $51,789 in 2019.
- Slovenia's GDP per worker has grown by 23% since 2010.
- Slovenia ranks 24th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures Slovenia's gross domestic product (GDP) per worker, adjusted for differences in purchasing power across countries using a Laspeyres price index.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful comparisons of labor productivity and living standards between Slovenia and other nations, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen based on GDP and employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Slovenia's economic competitiveness and development relative to other countries, which informs decision-making.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for collection and calculation, and the metric may not fully capture all nuances of economic performance.
Related Trends
Purchasing Power Parity Converted GDP Chain per worker for Cote d`Ivoire
RGDPWOCIA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Puerto Rico
RGDPLWPRA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for China
RGDPL2CNA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Swaziland
RGDPLWSZA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Sierra Leone
RGDPWOSLA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Brunei
RGDPLWBNA627NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Slovenia (RGDPLWSIA627NUPN), retrieved from FRED.