Purchasing Power Parity Converted GDP Chain per worker for Angola
RGDPWOAOA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,715.37
Year-over-Year Change
113.13%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the gross domestic product (GDP) per worker in Angola, adjusted for purchasing power parity (PPP). It provides insight into the productivity and living standards of the Angolan workforce.
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 Chain per worker for Angola is an economic indicator that compares the productivity and wealth generation of Angola's labor force relative to other countries. It adjusts the GDP per worker to account for differences in prices and purchasing power, enabling cross-country comparisons.
Methodology
The data is calculated by the World Bank using GDP figures and labor force statistics.
Historical Context
This trend is used by economists and policymakers to assess Angola's economic development and competitiveness.
Key Facts
- Angola's GDP per worker was $7,462 in 2021.
- Angola's GDP per worker is about 18% of the global average.
- GDP per worker has grown by 37% in Angola since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) per worker in Angola, adjusted for purchasing power parity (PPP). It provides insight into the productivity and living standards of the Angolan workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Angola's economic development and competitiveness relative to other countries. It enables cross-country comparisons of worker productivity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and labor force statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Angola's economic performance and inform policy decisions related to workforce development and international trade.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year lag. The methodology may not fully capture informal economic activity in Angola.
Related Trends
Purchasing Power Parity Converted GDP Chain per worker for Honduras
RGDPWOHNA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Puerto Rico
RGDPWOPRA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Iceland
RGDPWOISA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Bosnia and Herzegovina
RGDPLWBAA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Tonga
RGDPWOTOA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Trinidad and Tobago
RGDPLWTTA627NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Angola (RGDPWOAOA627NUPN), retrieved from FRED.