Purchasing Power Parity Converted GDP Chain per worker for United Kingdom
RGDPWOGBA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,025.06
Year-over-Year Change
15.30%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for the United Kingdom measures the country's economic productivity and living standards adjusted for differences in purchasing power across countries.
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 metric represents the real GDP per person employed in the United Kingdom, converted using purchasing power parity exchange rates. It is a key indicator of economic performance and living standards that allows for international comparisons.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
Economists and policymakers use this indicator to assess the UK's economic competitiveness and living standards relative to other countries.
Key Facts
- The UK's GDP per worker was $95,462 in 2021.
- The UK ranks 6th globally in GDP per worker adjusted for purchasing power.
- GDP per worker in the UK has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the United Kingdom's real GDP per person employed, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the UK's economic performance and living standards, allowing for meaningful international comparisons.
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: Economists and policymakers use this indicator to assess the UK's economic competitiveness and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not fully capture recent economic changes.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for United Kingdom (RGDPWOGBA627NUPN), retrieved from FRED.