Purchasing Power Parity Converted GDP Laspeyres per worker for Thailand
RGDPLWTHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,147.84
Year-over-Year Change
44.79%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Laspeyres per worker for Thailand' measures the inflation-adjusted economic output per worker in Thailand, 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, internationally comparable measure of labor productivity in Thailand. It is useful for economists and policymakers to assess Thailand's economic competitiveness and living standards relative to other countries.
Methodology
The data is calculated by the Conference Board using national accounts, labor force, and price level data.
Historical Context
This trend is widely used by international organizations, governments, and analysts to benchmark Thailand's economic performance.
Key Facts
- Thailand's GDP per worker was $28,462 in 2022.
- Thailand's productivity has grown by 2.5% annually over the past decade.
- Thailand ranks 18th globally in GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted economic output per worker in Thailand, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized, internationally comparable measure of Thailand's labor productivity, which is useful for assessing the country's economic competitiveness and living standards relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts, labor force, and price level data.
Q: How is this trend used in economic policy?
A: This trend is widely used by international organizations, governments, and analysts to benchmark Thailand's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not fully capture recent economic changes in Thailand.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Thailand (RGDPLWTHA627NUPN), retrieved from FRED.