Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Mexico
RGDPTHMXA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.76
Year-over-Year Change
14.49%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per hour worked for employees in Mexico. It provides insights into labor productivity and living standards in the Mexican 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 Mexico series represents the real GDP per hour worked, adjusted for differences in purchasing power across countries. This metric is useful for cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is valuable for policymakers and analysts assessing the competitiveness and growth potential of the Mexican economy.
Key Facts
- Mexico's GDP per hour worked was $18.31 in 2021.
- Mexico's labor productivity grew by 1.1% annually from 2010 to 2021.
- Purchasing power parity adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per hour worked for employees in Mexico. It provides insights into labor productivity and living standards in the Mexican economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for cross-country comparisons of economic output and living standards, and can provide insights into the competitiveness and growth potential of the Mexican economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers and analysts assessing the competitiveness and growth potential of the Mexican economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the source agency.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Mexico (RGDPTHMXA630NUPN), retrieved from FRED.