Purchasing Power Parity Converted GDP Chain per worker for Estonia
RGDPWOEEA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,081.21
Year-over-Year Change
64.70%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Estonia, providing insights into labor productivity and economic development.
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 Estonia represents the total economic output per employed person, adjusted for differences in purchasing power between countries. This metric is used to compare productivity and living standards across nations.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is valuable for economists and policymakers analyzing Estonia's economic competitiveness and growth potential.
Key Facts
- Estonia's GDP per worker was $78,090 in 2021.
- This trend has grown by an average of 2.8% annually since 2010.
- Estonia ranks 33rd globally in GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted GDP per worker in Estonia, providing insights into labor productivity and economic development.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to compare productivity and living standards across nations, making it valuable for economists and policymakers analyzing Estonia's economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Estonia's economic competitiveness and growth potential relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and labor force statistics, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Estonia (RGDPWOEEA627NUPN), retrieved from FRED.