Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Germany
RGDPTHDEA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.69
Year-over-Year Change
15.10%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per hour worked by employees in Germany. It provides insights into labor productivity and the overall economic performance of the country.
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 Germany is an important indicator used by economists and policymakers to evaluate the productivity and efficiency of the German workforce. It adjusts the GDP data to account for differences in purchasing power, offering a more accurate comparison across countries.
Methodology
This data is calculated by the U.S. Federal Reserve using information on GDP and labor inputs from national statistical agencies.
Historical Context
This trend is widely used to benchmark Germany's economic competitiveness and guide policy decisions related to labor markets, trade, and investments.
Key Facts
- Germany's GDP per hour worked was $60.50 in 2021.
- This metric has grown by over 25% since 2010.
- Germany ranks among the most productive major economies globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per hour worked by employees in Germany. It provides insights into the productivity and efficiency of the German workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating Germany's economic competitiveness and guiding policy decisions related to labor markets, trade, and investments.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using information on GDP and labor inputs from national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to benchmark Germany's economic performance and guide decisions related to labor markets, trade, and investments.
Q: Are there update delays or limitations?
A: The data is subject to the release schedules and methodological updates of the underlying national statistical agencies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Germany (RGDPTHDEA630NUPN), retrieved from FRED.