Purchasing Power Parity Converted GDP Chain per worker for Guinea-Bissau
RGDPWOGWA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,865.66
Year-over-Year Change
-6.45%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Guinea-Bissau. It provides insights into the country's productivity and living standards relative to other economies.
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 indicator of economic performance and development. It reflects the total economic output per employed person, adjusted for differences in purchasing power across countries.
Methodology
The data is calculated by the World Bank using national accounts and labor force survey information.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate and compare economic conditions across nations.
Key Facts
- Guinea-Bissau's PPP-converted GDP per worker was $3,577 in 2021.
- This metric has grown by an average of 1.2% annually over the past decade.
- The country's productivity lags significantly behind the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in Guinea-Bissau. It reflects the country's total economic output per employed person, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per worker is a key indicator of economic performance and living standards. It allows for meaningful comparisons of productivity and development across 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: This metric is widely used by economists, policymakers, and international organizations to evaluate and compare economic conditions across nations, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Guinea-Bissau (RGDPWOGWA627NUPN), retrieved from FRED.