Purchasing Power Parity Converted GDP Chain per worker for Costa Rica
RGDPWOCRA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,423.22
Year-over-Year Change
18.37%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power-adjusted GDP per worker in Costa Rica, providing insights into labor productivity and economic output.
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 Costa Rica is an important metric that allows for cross-country comparisons of economic performance by accounting for differences in price levels. It is used by economists and policymakers to analyze labor productivity and overall economic conditions.
Methodology
The data is calculated by the Conference Board using national accounts data.
Historical Context
This trend is relevant for understanding Costa Rica's economic competitiveness and growth potential relative to other countries.
Key Facts
- Costa Rica's GDP per worker was $25,462 in 2021.
- This metric has grown by 23% over the past decade.
- Costa Rica ranks 49th globally in terms of GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power-adjusted GDP per worker in Costa Rica, providing insights into labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Costa Rica's economic competitiveness and growth potential relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor productivity and overall economic conditions in Costa Rica.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Costa Rica (RGDPWOCRA627NUPN), retrieved from FRED.