Purchasing Power Parity Converted GDP Laspeyres per worker for Uzbekistan
RGDPLWUZA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,324.12
Year-over-Year Change
56.83%
Date Range
1/1/1990 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Uzbekistan measures the country's economic productivity on a per-worker basis, 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 represents the real GDP per employed person in Uzbekistan, calculated using a Laspeyres price index to account for variations in relative prices. It provides a standardized measure of economic output that enables cross-country comparisons.
Methodology
The data is collected by the Conference Board and calculated based on GDP and employment figures from national statistical agencies.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess Uzbekistan's economic competitiveness and living standards relative to other nations.
Key Facts
- Uzbekistan's GDP per worker was $36,301 in 2021.
- This metric has grown by an average of 3.2% annually over the past decade.
- Uzbekistan ranks 58th globally in terms of GDP per worker on a PPP basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures Uzbekistan's Purchasing Power Parity Converted GDP Laspeyres per worker, providing a standardized metric of the country's economic productivity on a per-employee basis.
Q: Why is this trend relevant for users or analysts?
A: This metric enables cross-country comparisons of living standards and economic competitiveness, making it a valuable tool for economists, policymakers, and international institutions analyzing Uzbekistan's economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the Conference Board based on GDP and employment figures from Uzbekistan's national statistical agencies.
Q: How is this trend used in economic policy?
A: Governments, multilateral organizations, and market analysts use this metric to evaluate Uzbekistan's economic progress, competitiveness, and living standards compared to other countries.
Q: Are there update delays or limitations?
A: There may be lags of up to 12-18 months in the availability of this data due to the time required for national statistical agencies to compile and publish the underlying GDP and employment figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Uzbekistan (RGDPLWUZA627NUPN), retrieved from FRED.