Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Trinidad and Tobago
RGDPTHTTA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.36
Year-over-Year Change
87.45%
Date Range
1/1/1991 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per hour worked by employees in Trinidad and Tobago. It provides insights into labor productivity and economic output in 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 Trinidad and Tobago is an important indicator of labor productivity and economic performance. It adjusts the country's GDP for differences in purchasing power across economies, allowing for more accurate cross-country comparisons.
Methodology
The data is collected and calculated by the Conference Board, a global research organization.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to evaluate Trinidad and Tobago's economic competitiveness and development.
Key Facts
- Trinidad and Tobago's GDP per hour worked was $35.18 in 2021.
- Labor productivity in Trinidad and Tobago has grown by 2.2% annually since 2010.
- The country's GDP per hour worked is about 50% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity-adjusted GDP per hour worked by employees in Trinidad and Tobago. It provides insights into the country's labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating Trinidad and Tobago's economic competitiveness and development, as it allows for more accurate cross-country comparisons of labor productivity and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Conference Board, a global research organization.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to assess Trinidad and Tobago's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually, and there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Trinidad and Tobago (RGDPTHTTA630NUPN), retrieved from FRED.