Purchasing Power Parity Converted GDP Chain per worker for Bosnia and Herzegovina
RGDPWOBAA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,113.61
Year-over-Year Change
36.68%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP chain per worker for Bosnia and Herzegovina. It provides insights into the country's economic productivity and living standards.
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 is an important indicator that reflects the economic output and efficiency of a country's workforce. It is commonly used by economists and policymakers to compare living standards and productivity across different nations.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts and labor force statistics.
Historical Context
This trend is relevant for analyzing Bosnia and Herzegovina's economic performance and benchmarking it against other countries.
Key Facts
- Bosnia and Herzegovina's GDP per worker was $30,675 in 2021.
- The country's productivity has grown by 2.8% annually over the past decade.
- Bosnia and Herzegovina's GDP per worker is about 30% of the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP chain per worker for Bosnia and Herzegovina. It provides a metric for the country's economic output and productivity per employed person.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Bosnia and Herzegovina's economic performance and living standards relative to other countries. It is commonly used by economists and policymakers to analyze productivity and make international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts and labor force statistics for Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: This trend is used by economists, government agencies, and international organizations to assess Bosnia and Herzegovina's economic competitiveness and inform policy decisions related to productivity, investment, and living standards.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Federal Reserve with a lag of approximately 1 year. There may be occasional revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Bosnia and Herzegovina (RGDPWOBAA627NUPN), retrieved from FRED.