Purchasing Power Parity Converted GDP Chain per worker for Laos
RGDPWOLAA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,136.27
Year-over-Year Change
86.78%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Laos measures the economic output per employed person in Laos, 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 more accurate comparison of economic productivity between Laos and other nations by accounting for the relative cost of goods and services. It is a key indicator used by economists and policymakers to evaluate Laos' economic development and competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts and employment statistics.
Historical Context
This trend informs analyses of Laos' economic performance and international competitiveness.
Key Facts
- Laos' GDP per worker was $8,305 in 2021.
- This metric has grown by an average of 3.5% annually over the past decade.
- Laos ranks 130th globally in GDP per worker on a purchasing power parity basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) per employed person in Laos, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of economic productivity in Laos relative to other nations, which is crucial for evaluating the country's economic development and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: This trend informs analyses of Laos' economic performance and is used by economists and policymakers to assess the country's economic development and international competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Laos (RGDPWOLAA627NUPN), retrieved from FRED.