Purchasing Power Parity Converted GDP Chain per worker for Spain
RGDPWOESA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,538.80
Year-over-Year Change
-1.16%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Spain. It provides insights into labor productivity and economic growth for policymakers and analysts.
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 PPP-converted GDP per worker is a key metric for comparing economic productivity and living standards across countries. It accounts for differences in price levels to better reflect actual purchasing power.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Spain's economic performance and competitiveness.
Key Facts
- Spain's PPP-converted GDP per worker was $84,462 in 2021.
- This metric has grown by 18% over the past decade in Spain.
- Spain ranks 20th globally in PPP-converted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in Spain. It reflects labor productivity and living standards adjusting for price level differences.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate Spain's economic performance and competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: This trend provides insights into Spain's labor productivity and is used by policymakers, international organizations, and analysts to assess the country's economic growth and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of around 1-2 years due to the time required to collect and process the underlying national accounts and labor force information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Spain (RGDPWOESA627NUPN), retrieved from FRED.