Purchasing Power Parity Converted GDP Laspeyres per worker for Zimbabwe
RGDPLWZWA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
610.99
Year-over-Year Change
-34.99%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures real GDP per worker in Zimbabwe, adjusted for differences in purchasing power between countries. It provides insights into labor productivity and the relative strength of the Zimbabwean economy.
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
The Purchasing Power Parity Converted GDP Laspeyres per worker for Zimbabwe is an important indicator of economic development and living standards. It accounts for price level differences to enable cross-country comparisons of output per worker, a key driver of economic growth.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
This trend is closely monitored by policymakers, analysts, and international organizations to assess Zimbabwe's economic performance and competitiveness.
Key Facts
- Zimbabwe's GDP per worker in 2021 was $5,305.
- Productivity growth has averaged 1.2% annually since 2000.
- Zimbabwe ranks 120th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures real GDP per worker in Zimbabwe, adjusted for differences in purchasing power between countries. It provides insights into labor productivity and the relative strength of the Zimbabwean economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic development and living standards in Zimbabwe. It enables cross-country comparisons of output per worker, a crucial driver of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and international organizations to assess Zimbabwe's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated 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 Zimbabwe (RGDPLWZWA627NUPN), retrieved from FRED.