Purchasing Power Parity Converted GDP Chain per worker for Central African Republic
RGDPWOCFA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,254.94
Year-over-Year Change
-2.00%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in the Central African Republic. It provides insight into the nation's productivity and standard of living.
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 PPP-converted GDP per worker is an important metric for evaluating economic performance and development. It accounts for differences in purchasing power across countries, offering a more accurate comparison of living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the Central African Republic's economic progress and competitiveness.
Key Facts
- Central African Republic's PPP-converted GDP per worker was $3,301 in 2021.
- This metric has grown by an average of 0.4% annually over the past decade.
- The country ranks 148th globally in PPP-converted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in the Central African Republic. It provides an internationally comparable gauge of the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per worker is a key indicator for evaluating a country's economic development and competitiveness. It allows for more accurate cross-country comparisons than using market exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and international organizations use this metric to assess the Central African Republic's economic progress, productivity, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 1-2 years. Limitations include potential differences in data collection and methodology across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Central African Republic (RGDPWOCFA627NUPN), retrieved from FRED.