Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Portugal
RGDPTHPTA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.41
Year-over-Year Change
4.80%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity-adjusted gross domestic product per hour worked by employees in Portugal. It provides insights into labor productivity and the cost-of-living-adjusted economic output 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 Portugal is a metric that combines measures of national output and labor input to assess the productivity and living standards in the country. It is a valuable indicator for economists and policymakers to evaluate Portugal's economic performance and competitiveness.
Methodology
The data is calculated by the U.S. Federal Reserve using internationally comparable national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, international organizations, and investors to analyze Portugal's economic competitiveness and living standards relative to other countries.
Key Facts
- Portugal's GDP per hour worked was $46.36 in 2021.
- This metric has grown by an average of 1.3% per year over the past decade.
- Portugal ranks 23rd globally in terms of GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity-adjusted gross domestic product per hour worked by employees in Portugal. It provides insights into the country's labor productivity and cost-of-living-adjusted economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is a valuable indicator for economists and policymakers to evaluate Portugal's economic performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using internationally comparable national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, international organizations, and investors to analyze Portugal's economic competitiveness and living standards.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the complexities of international data collection.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Portugal (RGDPTHPTA630NUPN), retrieved from FRED.