Purchasing Power Parity Converted GDP Chain per worker for Algeria
RGDPWODZA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,827.72
Year-over-Year Change
13.94%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Algeria. It provides insight into the productivity and living standards of the Algerian 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 Converted GDP Chain per worker for Algeria is an indicator of economic output and labor productivity. It adjusts GDP to account for differences in purchasing power across countries, offering a more accurate comparison of living standards and productivity.
Methodology
This data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Historical Context
Policymakers and economists use this metric to evaluate the competitiveness and development of the Algerian economy.
Key Facts
- Algeria's GDP per worker adjusted for purchasing power was $24,789 in 2021.
- Algeria's productivity lags behind many developed economies.
- The PPP-adjusted GDP per worker metric provides a more meaningful comparison of living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) converted GDP per worker in Algeria. It provides insight into the productivity and living standards of the Algerian workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and economists evaluating the competitiveness and development of the Algerian economy.
Q: How is this data collected or calculated?
A: This data is calculated by the Conference Board using GDP and employment figures from national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the productivity and living standards of the Algerian workforce compared to other countries.
Q: Are there update delays or limitations?
A: There may be update delays due to the time required to collect and process the underlying GDP and employment data from national sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Algeria (RGDPWODZA627NUPN), retrieved from FRED.