Purchasing Power Parity Converted GDP Laspeyres per worker for United States
RGDPLWUSA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,458.12
Year-over-Year Change
13.42%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for the United States measures the inflation-adjusted economic output per worker, providing insight into labor productivity and economic growth.
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 series represents the real gross domestic product (GDP) per employed person, adjusted for differences in purchasing power across countries. It is a key indicator of labor productivity and living standards that is widely used by economists and policymakers.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistics agencies.
Historical Context
Trends in this metric help analysts assess the competitiveness and efficiency of the U.S. economy.
Key Facts
- The U.S. had a GDP per worker of $118,700 in 2021.
- Productivity grew by 1.8% annually from 2010 to 2020.
- The U.S. ranks 6th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real GDP per employed person in the United States, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insights into labor productivity and living standards, which are key factors in assessing the overall competitiveness and efficiency of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistics agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to gauge the productive capacity of the U.S. workforce and inform decisions around economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for United States (RGDPLWUSA627NUPN), retrieved from FRED.