Purchasing Power Parity Converted GDP Chain per worker for Bermuda
RGDPWOBMA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,619.22
Year-over-Year Change
0.00%
Date Range
1/1/1996 - 1/1/1996
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Bermuda. It provides insights into the productivity and living standards of the Bermudian economy.
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 Bermuda represents the total economic output per employed person, adjusted for differences in purchasing power across countries. This metric is used by economists to compare living standards and productivity between nations.
Methodology
The data is calculated by the Conference Board using national accounts and employment statistics.
Historical Context
Policymakers and analysts use this trend to evaluate Bermuda's economic performance and competitiveness.
Key Facts
- Bermuda has one of the highest GDP per worker levels globally.
- The metric accounts for cost-of-living differences between countries.
- Trends in this data can signal changes in Bermuda's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output per employed person in Bermuda, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and living standards of the Bermudian economy, allowing for cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Bermuda's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data may have update delays and limitations inherent to cross-country comparisons of economic statistics.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Bermuda (RGDPWOBMA627NUPN), retrieved from FRED.