Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ghana
RGDPTEGHA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,574.16
Year-over-Year Change
37.56%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted real GDP per person employed in Ghana. It provides insights into the productivity and living standards of the Ghanaian 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 Ghana is a key economic indicator that adjusts the country's GDP per capita for differences in purchasing power across countries. This allows for more accurate cross-country comparisons of living standards and productivity.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the Ghanaian economy's performance and competitiveness.
Key Facts
- Ghana's PPP-adjusted GDP per worker was $10,851 in 2021.
- This trend has grown at an average annual rate of 2.8% since 2000.
- Ghana's PPP-adjusted GDP per worker is about 18% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted real GDP per person employed in Ghana. It provides insights into the productivity and living standards of the Ghanaian 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 Ghanaian economy's performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the Ghanaian economy's productivity and living standards, which informs economic and development policies.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some lag time from the reference year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ghana (RGDPTEGHA629NUPN), retrieved from FRED.