Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Belarus
RGDPTEBYA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,191.82
Year-over-Year Change
140.72%
Date Range
1/1/1994 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per person employed in Belarus. It provides insights into the productivity and living standards of the Belarusian 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 PPP-converted GDP per person employed is a key metric for assessing the economic well-being and productivity of a country's labor force. It offers a standardized, internationally comparable measure of output per worker, which can inform policy decisions and economic analyses.
Methodology
The data is calculated by the Federal Reserve using GDP and employment figures from official Belarusian sources.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate the Belarusian economy's performance and competitiveness.
Key Facts
- Belarus' PPP-converted GDP per person employed was $31,447 in 2021.
- This metric has grown by over 50% since 2000, indicating rising productivity.
- Belarus ranks above many neighboring countries in this economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person employed in Belarus, providing insights into the productivity and living standards of the Belarusian workforce.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per person employed is a key metric for assessing the economic well-being and productivity of a country's labor force, which is important for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using GDP and employment figures from official Belarusian sources.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to evaluate the Belarusian economy's performance and competitiveness, informing policy decisions and economic analyses.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of official Belarusian economic statistics, which may experience occasional delays or revisions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Belarus (RGDPTEBYA629NUPN), retrieved from FRED.