Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Cambodia
RGDPTEKHA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,795.51
Year-over-Year Change
75.96%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per person employed in Cambodia. It provides insight into the productivity and living standards of the Cambodian 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 cross-country comparisons of economic output and living standards. It accounts for differences in price levels, allowing more accurate assessments of real incomes and productivity.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
This trend is used by economists and policymakers to evaluate the Cambodian economy's performance and competitiveness.
Key Facts
- Cambodia's PPP-converted GDP per person employed was $7,103 in 2021.
- This metric has grown by over 50% in the past decade.
- Cambodia ranks below the global average on this indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person employed in Cambodia. It provides a standardized metric for comparing economic productivity and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the performance and competitiveness of the Cambodian economy. It offers insights into the real incomes and productivity of Cambodian workers compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and employment statistics for Cambodia.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the Cambodian economy's performance and competitiveness. It informs decisions around economic development, labor market policies, and trade strategies.
Q: Are there update delays or limitations?
A: There can be delays of 1-2 years in the availability of this data due to the time required for collection and calculation by the World Bank.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Cambodia (RGDPTEKHA629NUPN), retrieved from FRED.