Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for United States
RGDPTEUSA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,447.91
Year-over-Year Change
21.54%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted real GDP per person employed in the United States. It provides insights into labor productivity and living standards in the country.
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 the United States is an important indicator of economic performance and living standards. It adjusts GDP for differences in price levels across countries, allowing for more accurate comparisons of economic output and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate economic conditions and competitiveness.
Key Facts
- The U.S. ranked 8th globally in PPP-adjusted GDP per person employed in 2021.
- This metric has grown by an average of 1.4% per year in the U.S. since 2000.
- The U.S. trails several European countries on this measure of economic output per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted real GDP per person employed in the United States, providing insights into labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate economic performance, productivity, and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is used to assess the United States' economic conditions and competitiveness relative to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but may have a short delay due to the time required to collect and process the underlying statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for United States (RGDPTEUSA629NUPN), retrieved from FRED.