Purchasing Power Parity Converted GDP Chain per worker for Djibouti
RGDPWODJA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,336.27
Year-over-Year Change
11.48%
Date Range
1/1/1980 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Djibouti measures the economic productivity of the Djiboutian workforce. This metric is important for evaluating Djibouti's economic performance and competitiveness.
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
This series represents the Gross Domestic Product (GDP) of Djibouti, adjusted for differences in purchasing power between Djibouti and the United States, divided by the total number of workers in Djibouti. It provides insights into the productivity and efficiency of the Djiboutian labor force.
Methodology
The data is calculated by the World Bank using national accounts and labor force survey information.
Historical Context
Policymakers and analysts use this metric to assess Djibouti's economic development and competitiveness relative to other countries.
Key Facts
- Djibouti's GDP per worker was $25,732 in 2021.
- This metric has grown by an average of 2.1% annually over the past decade.
- Djibouti's GDP per worker is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of Djibouti, adjusted for differences in purchasing power, divided by the total number of workers in Djibouti. It provides insight into the productivity and efficiency of the Djiboutian labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Djibouti's economic performance and competitiveness. Policymakers and analysts use it to assess Djibouti's economic development relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and labor force survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Djibouti's economic development and competitiveness relative to other countries, which can inform economic and labor market policies.
Q: Are there update delays or limitations?
A: There may be update delays due to the time required to collect and process the underlying national accounts and labor force data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Djibouti (RGDPWODJA627NUPN), retrieved from FRED.