Purchasing Power Parity Converted GDP Chain per worker for Guyana
RGDPWOGYA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,205.38
Year-over-Year Change
38.00%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Guyana measures the country's economic output per employed person, 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 provides a standardized, internationally comparable view of Guyana's economic productivity. It is used by economists and policymakers to assess the nation's economic development and competitiveness relative to other countries.
Methodology
The data is calculated by the University of Groningen and University of California, Davis based on national accounts, labor force, and purchasing power parity data.
Historical Context
This trend offers insights into Guyana's economic growth and can inform trade, investment, and policy decisions.
Key Facts
- Guyana's GDP per worker was $15,337 in 2021.
- Guyana's GDP per worker has grown by 37% since 2010.
- Guyana is ranked 102nd globally for GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures Guyana's gross domestic product (GDP) per employed person, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a standardized, internationally comparable view of Guyana's economic productivity, which is useful for assessing the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen and University of California, Davis based on national accounts, labor force, and purchasing power parity data.
Q: How is this trend used in economic policy?
A: This trend offers insights into Guyana's economic growth and can inform trade, investment, and policy decisions by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Guyana (RGDPWOGYA627NUPN), retrieved from FRED.