Purchasing Power Parity Converted GDP Chain per worker for India
RGDPWOINA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,010.21
Year-over-Year Change
99.31%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in India. It provides insights into the productivity and standard of living within the Indian economy.
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-adjusted GDP per worker is an important metric for comparing economic productivity and development across countries. It accounts for differences in prices and purchasing power, offering a more accurate assessment of living standards and worker productivity than nominal GDP per capita.
Methodology
The data is calculated by the Conference Board using national accounts, employment, and population data.
Historical Context
This trend is closely monitored by policymakers, international institutions, and economists to assess India's economic performance and competitiveness.
Key Facts
- India's PPP-adjusted GDP per worker was $18,336 in 2021.
- This metric has grown by over 250% since 1990.
- India ranks 6th globally in PPP-adjusted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in India, providing insights into the country's productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per worker is an important metric for comparing economic productivity and development across countries, offering a more accurate assessment of living standards and worker productivity than nominal GDP per capita.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts, employment, and population data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, international institutions, and economists to assess India's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, with a slight delay in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for India (RGDPWOINA627NUPN), retrieved from FRED.