Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Colombia
RGDPTHCOA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.83
Year-over-Year Change
10.15%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted GDP per hour worked by employees in Colombia. It provides insights into labor productivity and economic development.
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 Colombia is an indicator of labor productivity and economic output. It is used by economists and policymakers to assess the relative efficiency and competitiveness of the Colombian economy.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
This trend is relevant for analyzing Colombia's economic performance and competitiveness within the global marketplace.
Key Facts
- Colombia's GDP per hour worked was $13.58 in 2021.
- This trend has increased by 25% over the past decade.
- Colombia's labor productivity lags behind other Latin American economies.
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 Colombia. It provides an indicator of labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the relative efficiency and competitiveness of the Colombian economy compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze Colombia's economic performance and competitiveness within the global marketplace.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for United States
RGDPTHUSA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Peru
RGDPTHPEA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Chile
RGDPTHCLA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Venezuela
RGDPTHVEA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for United Kingdom
RGDPTHGBA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Estonia
RGDPTHEEA630NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Colombia (RGDPTHCOA630NUPN), retrieved from FRED.