Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Switzerland
RGDPTHCHA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.01
Year-over-Year Change
10.85%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per hour worked by employees in Switzerland. It provides insights into labor productivity and overall economic performance.
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 Switzerland is an important indicator used by economists and policymakers to assess the relative productivity and competitiveness of the Swiss economy. It allows for cross-country comparisons of economic output per unit of labor input.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts and labor force survey information.
Historical Context
This trend is widely used to analyze Switzerland's economic position and inform policy decisions.
Key Facts
- Switzerland has one of the highest GDP per hour worked in the world.
- This trend has shown steady growth over the past decade.
- Comparing PPP-adjusted GDP per hour can reveal differences in economic efficiency between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per hour worked by employees in Switzerland. It provides insights into labor productivity and overall economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to assess the relative productivity and competitiveness of the Swiss economy compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts and labor force survey information.
Q: How is this trend used in economic policy?
A: This trend is used to analyze Switzerland's economic position and inform policy decisions related to productivity, competitiveness, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedules of the underlying national accounts and labor force survey information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Switzerland (RGDPTHCHA630NUPN), retrieved from FRED.