Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Oman
RGDPTEOMA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,673.41
Year-over-Year Change
18.78%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted real GDP per employed person in Oman. It provides insight into the productivity and living standards of the Omani 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 Oman is an important indicator of economic development and labor market conditions. It adjusts the real GDP per capita for differences in price levels between countries, offering a more accurate comparison of living standards.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula based on national accounts and employment statistics.
Historical Context
This trend is widely used by policymakers, economists, and investors to assess the productivity and competitiveness of the Omani economy.
Key Facts
- Oman's GDP per employed person was $57,462 in 2021.
- Oman's GDP per employed person has grown by 23% over the past decade.
- Oman ranks 31st globally in GDP per employed person.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted real GDP per employed person in Oman. It provides insight into the productivity and living standards of the Omani workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic development and labor market conditions in Oman. It allows for more accurate international comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula based on national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and investors to assess the productivity and competitiveness of the Omani economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag 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 Oman (RGDPTEOMA629NUPN), retrieved from FRED.