Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Belgium
RGDPTHBEA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.51
Year-over-Year Change
10.64%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per hour worked by employees in Belgium. It provides insights into labor productivity and economic output.
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 Belgium is an important indicator of economic performance and labor market conditions. It helps analyze the productivity and efficiency of the Belgian workforce.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using PPP conversion factors and labor market statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the competitiveness and growth potential of the Belgian economy.
Key Facts
- Belgium's GDP per hour worked was $68.31 in 2021.
- The trend has shown steady growth over the past decade.
- Belgium ranks among the most productive economies in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per hour worked by employees in Belgium. It provides insights into the productivity and efficiency of the Belgian workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the competitiveness and growth potential of the Belgian economy. It helps analysts and policymakers assess labor market conditions and the overall economic performance of the country.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using purchasing power parity (PPP) conversion factors and labor market statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to evaluate the productivity and competitiveness of the Belgian economy, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Belgium (RGDPTHBEA630NUPN), retrieved from FRED.