Purchasing Power Parity Converted GDP Chain per worker for Cote d`Ivoire
RGDPWOCIA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,253.55
Year-over-Year Change
-17.96%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted gross domestic product (GDP) per worker for Cote d'Ivoire. It provides insight into the productivity and living standards of the Ivorian 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 (PPP) converted GDP per worker is a key indicator of economic development and labor productivity. It adjusts the GDP per worker to account for differences in purchasing power across countries, allowing for more accurate cross-country comparisons.
Methodology
The data is calculated by the Conference Board using GDP and employment figures from national sources.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to evaluate economic performance and living standards.
Key Facts
- Cote d'Ivoire's PPP-adjusted GDP per worker was $7,700 in 2022.
- This trend has grown by an average of 2.5% annually over the past decade.
- Cote d'Ivoire's labor productivity lags behind many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per worker in Cote d'Ivoire. It provides a standardized metric of labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the economic development and competitiveness of the Ivorian workforce. It allows for cross-country comparisons of living standards and labor productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment figures from national sources in Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this trend to assess Cote d'Ivoire's economic performance, inform policy decisions, and benchmark the country's progress against regional and global peers.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 12-18 months. There may also be limitations in data quality and coverage for some years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Cote d`Ivoire (RGDPWOCIA627NUPN), retrieved from FRED.