Purchasing Power Parity Converted GDP Laspeyres per worker for Vanuatu
RGDPLWVUA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,206.25
Year-over-Year Change
26.47%
Date Range
1/1/1980 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per worker for Vanuatu measures the country's economic productivity and living standards adjusted for price differences.
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 Vanuatu, providing insights into the nation's economic efficiency and the material well-being of its workforce.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Economists and policymakers use this indicator to assess Vanuatu's economic competitiveness and development relative to other countries.
Key Facts
- Vanuatu's GDP per worker was $13,301 in 2021.
- The country's productivity has grown by 2.8% annually over the past decade.
- Vanuatu ranks 108th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real Gross Domestic Product (GDP) per employed person in Vanuatu, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Vanuatu's economic efficiency and the material well-being of its workforce, enabling comparisons to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess Vanuatu's economic competitiveness and development relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to occasional revisions and may have a short delay in reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per worker for Vanuatu (RGDPLWVUA627NUPN), retrieved from FRED.