Purchasing Power Parity Converted GDP Laspeyres per worker for Uruguay
RGDPLWUYA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,999.58
Year-over-Year Change
20.35%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Uruguay measures the nation's economic productivity and standard of living on a per-worker basis, adjusting for differences in domestic purchasing power.
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 calculates Uruguay's Gross Domestic Product (GDP) per worker, using a Laspeyres methodology to account for changes in prices and living standards over time. It provides a standardized measure to compare productivity across countries.
Methodology
The data is collected and calculated by the Conference Board using national accounts and labor force data.
Historical Context
Policymakers and economists use this metric to assess Uruguay's economic performance and competitiveness relative to other nations.
Key Facts
- Uruguay's 2021 GDP per worker was $37,393.
- This metric has grown by 40% over the past decade.
- Uruguay ranks 52nd globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures Uruguay's Gross Domestic Product (GDP) per worker, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare productivity and living standards across nations, which is useful for policymakers and economists analyzing economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Uruguay's economic competitiveness and guide policies aimed at improving productivity and living standards.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Uruguay (RGDPLWUYA627NUPN), retrieved from FRED.