Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Argentina
RGDPTHARA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.30
Year-over-Year Change
28.63%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted GDP per hour worked by employees in Argentina. It provides insights into labor productivity and the relative economic well-being of the Argentine 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 hour worked by employees for Argentina represents the inflation-adjusted gross domestic product per hour of work in the country. This metric is useful for comparing the productivity and living standards of Argentina's workforce to other nations.
Methodology
The data is calculated by the U.S. Federal Reserve using established PPP conversion factors and labor force statistics.
Historical Context
This trend is closely monitored by economists and policymakers to assess Argentina's economic competitiveness and the efficacy of its labor market policies.
Key Facts
- Argentina's PPP-adjusted GDP per hour worked was $25.44 in 2021.
- This metric has grown by 10% over the past decade in Argentina.
- Argentina ranks 36th globally in terms of PPP GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted GDP per hour worked by employees in Argentina. It provides insights into labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for comparing the productivity and economic well-being of Argentina's workforce to other nations, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established PPP conversion factors and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess Argentina's economic competitiveness and the efficacy of its labor market policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and updates, as the metric relies on multiple government data sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Argentina (RGDPTHARA630NUPN), retrieved from FRED.