Purchasing Power Parity Converted GDP Chain per worker for Switzerland
RGDPWOCHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65,369.89
Year-over-Year Change
11.25%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the Purchasing Power Parity (PPP) Converted GDP Chain per worker for Switzerland. It provides insights into labor productivity and overall economic performance.
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 Chain per worker metric represents the inflation-adjusted GDP per employed person in Switzerland, adjusted for differences in purchasing power across countries. It is a key indicator of labor productivity and economic growth.
Methodology
The data is calculated by the University of Groningen based on national accounts and employment statistics.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze Switzerland's economic competitiveness and growth potential.
Key Facts
- Switzerland has one of the highest GDP per worker levels globally.
- Labor productivity growth is a key driver of Switzerland's economic success.
- PPP conversion accounts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per employed person in Switzerland, adjusting for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Switzerland's labor productivity and overall economic performance, which are crucial for evaluating the country's competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen based on national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international institutions use this trend to analyze Switzerland's economic competitiveness and growth potential, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Switzerland (RGDPWOCHA627NUPN), retrieved from FRED.