Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Macedonia
RGDPTEMKA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,423.90
Year-over-Year Change
22.97%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per person employed in Macedonia. It provides insights into the productivity and living standards of the Macedonian 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 Macedonia is an indicator of economic output and living standards. It adjusts the country's GDP to account for differences in purchasing power, offering a more accurate comparison to other economies.
Methodology
The data is calculated by the World Bank using GDP and employment figures.
Historical Context
This metric is useful for policymakers and analysts examining Macedonia's economic performance and competitiveness.
Key Facts
- Macedonia's GDP per employed person was $36,462 in 2021.
- The metric has increased by 34% over the past decade.
- Macedonia ranks 78th globally on this indicator.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity converted GDP per person employed in Macedonia. It provides insight into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This indicator is useful for evaluating Macedonia's economic performance and competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Macedonia's economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of GDP and employment figures, which may have some update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Macedonia (RGDPTEMKA629NUPN), retrieved from FRED.