Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for South Africa
RGDPTEZAA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,775.88
Year-over-Year Change
13.80%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per employed person in South Africa. It provides insights into the economic productivity and living standards of the South African 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 South Africa is an important indicator of economic performance and development. It reflects the overall productivity of the South African labor force and can be used to compare living standards across countries.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate the South African economy and make cross-country comparisons.
Key Facts
- South Africa's PPP-converted GDP per employed person was $23,462 in 2021.
- This metric has grown by 23% over the past decade in South Africa.
- South Africa's PPP-converted GDP per employed person is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per person counted in total employment for South Africa. It provides a gauge of the overall productivity and living standards of the South African workforce.
Q: Why is this trend relevant for users or analysts?
A: This metric is highly relevant for economists, policymakers, and international organizations to evaluate the performance and development of the South African economy. It allows for cross-country comparisons of living standards and labor productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and employment statistics for South Africa.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess the South African economy and inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions by the World Bank.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Georgia
RGDPTEGEA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Taiwan
RGDPTETWA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Mozambique
RGDPTEMZA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Costa Rica
RGDPTECRA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Germany
RGDPTEDEA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Romania
RGDPTEROA629NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for South Africa (RGDPTEZAA629NUPN), retrieved from FRED.