Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Singapore
RGDPTESGA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,585.91
Year-over-Year Change
46.54%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per person employed in Singapore. It provides insights into the productivity and living standards of the Singaporean 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 Singapore is an indicator of economic output and living standards. It adjusts the country's GDP to account for differences in prices across countries, allowing for more accurate comparisons of living standards.
Methodology
The data is calculated by the Federal Reserve using GDP and employment figures reported by the Singaporean government.
Historical Context
This trend is used by economists and policymakers to evaluate Singapore's economic performance and competitiveness.
Key Facts
- Singapore has one of the highest GDP per capita in the world.
- The Singaporean economy is highly dependent on international trade.
- Singapore has a highly skilled and educated workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted GDP per person employed in Singapore. It provides a gauge of the country's economic output and living standards adjusted for price differences.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Singapore's economic performance and competitiveness. It allows for more accurate comparisons of living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using GDP and employment figures reported by the Singaporean government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate Singapore's economic development and compare its performance to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological changes of the Singaporean government and the Federal Reserve.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Singapore (RGDPTESGA629NUPN), retrieved from FRED.