Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bangladesh
RGDPTEBDA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,146.62
Year-over-Year Change
40.81%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per person employed in Bangladesh. It provides insights into the productivity and living standards of the Bangladeshi workforce.
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 person counted in total employment for Bangladesh represents the country's economic output per worker, adjusted for differences in purchasing power across countries. This metric is useful for cross-country comparisons of living standards and labor productivity.
Methodology
The data is calculated by the World Bank using PPP exchange rates and employment figures.
Historical Context
This trend is valuable for economists and policymakers analyzing Bangladesh's economic development and competitiveness.
Key Facts
- Bangladesh's GDP per worker was $4,667 in 2021.
- This metric has grown by over 250% since 2000.
- Bangladesh's GDP per worker is about 10% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person employed in Bangladesh. It provides insights into the productivity and living standards of the Bangladeshi workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for cross-country comparisons of living standards and labor productivity, which is valuable for economists and policymakers analyzing Bangladesh's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using PPP exchange rates and employment figures.
Q: How is this trend used in economic policy?
A: This trend is valuable for economists and policymakers analyzing Bangladesh's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bangladesh (RGDPTEBDA629NUPN), retrieved from FRED.