Purchasing Power Parity Converted GDP Chain per worker for Cape Verde
RGDPWOCVA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,648.99
Year-over-Year Change
51.80%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per worker in Cape Verde, providing insights into the country's labor productivity and economic growth.
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 Cape Verde is an important indicator of the country's economic performance and living standards. It helps analysts and policymakers assess the productivity and efficiency of the Cape Verdean workforce.
Methodology
The data is calculated by the Conference Board based on national accounts and employment statistics.
Historical Context
This trend is widely used by economists, international organizations, and investors to evaluate Cape Verde's economic competitiveness and development.
Key Facts
- Cape Verde's GDP per worker has grown by over 50% since 2000.
- The country's labor productivity is among the highest in West Africa.
- Purchasing power parity adjustments help account for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted GDP per worker in Cape Verde, which reflects the country's labor productivity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Cape Verde's economic competitiveness and living standards, helping analysts and policymakers evaluate the country's development.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, international organizations, and investors to assess Cape Verde's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Cape Verde (RGDPWOCVA627NUPN), retrieved from FRED.