Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Chile
RGDPTECLA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,734.03
Year-over-Year Change
14.74%
Date Range
1/1/1951 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per employed person in Chile. It provides insights into the productivity and living standards of the Chilean 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-adjusted GDP per employed person is a key metric for assessing the economic well-being and productivity of a country's labor force. It accounts for differences in price levels to enable cross-country comparisons of living standards.
Methodology
The data is calculated by the Federal Reserve using GDP and employment figures from national statistics agencies.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate the Chilean economy's performance and competitiveness.
Key Facts
- Chile's PPP-adjusted GDP per employed person was $52,194 in 2021.
- This metric has grown by 23% over the past decade in Chile.
- Chile ranks 37th globally in PPP-adjusted GDP per employed person.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per employed person in Chile. It provides insights into the productivity and living standards of the Chilean workforce.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per employed person is a key metric for assessing the economic well-being and productivity of a country's labor force. It enables cross-country comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using GDP and employment figures from national statistics agencies.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to evaluate the Chilean economy's performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may be subject to revisions by the source agencies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Chile (RGDPTECLA629NUPN), retrieved from FRED.