Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Netherlands
RGDPTHNLA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.74
Year-over-Year Change
16.71%
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 the Netherlands. 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 the Netherlands is an important indicator of economic output and efficiency. It allows for cross-country comparisons of labor productivity and can inform policy decisions related to competitiveness and growth.
Methodology
The data is calculated by the Conference Board using national accounts and labor force survey data.
Historical Context
This trend is closely monitored by economists, policymakers, and international organizations to assess the Netherlands' economic competitiveness and development.
Key Facts
- The Netherlands ranks among the most productive economies in the world.
- Labor productivity growth is a key driver of economic prosperity.
- PPP-adjusted GDP per hour worked enables cross-country performance comparisons.
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 the Netherlands. It provides an indicator of labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing the Netherlands' economic competitiveness and development, as it allows for cross-country comparisons of labor productivity and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force survey data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and international organizations to evaluate the Netherlands' economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations due to the complexities of cross-country comparisons and data collection methods.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Netherlands (RGDPTHNLA630NUPN), retrieved from FRED.