Purchasing Power Parity Converted GDP Laspeyres per worker for Turkey
RGDPLWTRA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,879.81
Year-over-Year Change
59.81%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Turkey measures the output per worker in Turkey, 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 economic indicator provides insights into the productivity and living standards of Turkish workers relative to other nations. It is a key metric used by economists and policymakers to assess a country's economic development and competitiveness.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
This trend is widely tracked by analysts to understand Turkey's economic performance and potential.
Key Facts
- Turkey's GDP per worker was $36,522 in 2021.
- Turkey's worker productivity has grown by 2.4% annually since 2010.
- Turkey ranks 31st globally in GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the output per worker in Turkey, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and living standards of Turkish workers relative to other nations, which is key for assessing economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is widely tracked by analysts and policymakers to understand Turkey's economic performance and potential.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting from national sources, but the Conference Board makes efforts to provide timely and comprehensive coverage.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Turkey (RGDPLWTRA627NUPN), retrieved from FRED.