Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Finland
RGDPTHFIA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.64
Year-over-Year Change
19.65%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per hour worked by employees in Finland. It provides insights into labor productivity and the relative standard of living in the Finnish economy.
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 Finland tracks the country's economic output per unit of labor input. This metric is a valuable indicator of labor productivity and can be used to compare living standards across countries.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Finland's economic competitiveness and the efficiency of its labor market.
Key Facts
- Finland's GDP per hour worked was $55.20 in 2021.
- Finland's labor productivity has grown by over 2% annually since 2010.
- Finland ranks among the top 10 countries globally in terms of GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted GDP per hour worked by employees in Finland. It provides a metric for labor productivity and living standards in the Finnish economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess Finland's economic competitiveness and the efficiency of its labor market.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate Finland's labor market performance and guide decisions on economic policies and workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions 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 Finland (RGDPTHFIA630NUPN), retrieved from FRED.