Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Lithuania
RGDPTELTA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,229.36
Year-over-Year Change
74.59%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Lithuania. It provides insights into the productivity and living standards of the Lithuanian 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 Lithuania is an important indicator used by economists and policymakers to assess the economic performance and development of the country. It allows for cross-country comparisons of living standards and productivity.
Methodology
The data is calculated by the World Bank using a Laspeyres index and PPP conversion factors.
Historical Context
This metric is closely watched by international organizations, investors, and policymakers to gauge Lithuania's economic competitiveness and progress.
Key Facts
- Lithuania's PPP-adjusted GDP per person employed was $66,522 in 2021.
- This metric has grown by over 250% since 2000, indicating strong economic progress.
- Lithuania ranks among the highest in the European Union for this productivity measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Lithuania. It provides insights into the productivity and living standards of the Lithuanian workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors to assess Lithuania's economic competitiveness and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This productivity measure is used by international organizations, policymakers, and investors to gauge Lithuania's economic progress and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may be subject to revisions by the statistical agencies.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Bahrain
RGDPTEBHA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Slovak Republic
RGDPTESKA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Tanzania
RGDPTETZA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Belarus
RGDPTEBYA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Austria
RGDPTEATA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Singapore
RGDPTESGA629NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Lithuania (RGDPTELTA629NUPN), retrieved from FRED.