Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Cyprus
RGDPTECYA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,930.70
Year-over-Year Change
12.56%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per person employed in Cyprus. It provides insight into the productivity and living standards of the Cypriot 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 Cyprus is an indicator of economic well-being and productivity. It adjusts the GDP per capita to account for differences in purchasing power across countries, allowing for more accurate international comparisons.
Methodology
The data is calculated by the OECD using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the relative economic performance of Cyprus.
Key Facts
- Cyprus's PPP-converted GDP per employed person was $57,462 in 2021.
- This metric has grown by 31% over the past decade in Cyprus.
- Cyprus ranks 25th globally in terms of PPP-converted GDP per employed person.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person employed in Cyprus. It provides a measure of the productivity and living standards of the Cypriot workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess the relative economic performance of Cyprus and make cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the productivity and living standards of the Cypriot workforce, which informs economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Cyprus (RGDPTECYA629NUPN), retrieved from FRED.