Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Burkina Faso
RGDPTEBFA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,990.52
Year-over-Year Change
26.80%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Burkina Faso. It provides insights into the productivity and living standards of the working population.
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 PPP-converted GDP per person employed is a key metric for evaluating economic development and labor force productivity in Burkina Faso. It accounts for differences in cost of living and exchange rates to enable cross-country comparisons of living standards.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess Burkina Faso's economic performance and living standards.
Key Facts
- Burkina Faso's PPP-converted GDP per person employed was $2,667 in 2021.
- This metric has grown by 36% over the past decade in Burkina Faso.
- Burkina Faso ranks 173rd globally in PPP-converted GDP per person employed.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Burkina Faso. It provides a standardized metric for evaluating the productivity and living standards of the working population.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic development and labor force productivity in Burkina Faso. It enables cross-country comparisons of living standards and is widely used by economists, policymakers, and international institutions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to assess Burkina Faso's economic performance and living standards, and to inform policy decisions related to economic development and labor productivity.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank relies on household surveys and national accounts data which can take time to collect and publish.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Burkina Faso (RGDPTEBFA629NUPN), retrieved from FRED.