Purchasing Power Parity Converted GDP Chain per worker for Lesotho
RGDPWOLSA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,385.25
Year-over-Year Change
50.59%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Lesotho measures the country's economic productivity and living standards on an internationally comparable basis.
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 total economic output of Lesotho adjusted for differences in purchasing power, divided by the total employed population. It is a key indicator used by economists to evaluate cross-country differences in living standards and productivity.
Methodology
The data is calculated by the World Bank using national accounts and labor force statistics.
Historical Context
Policymakers and analysts use this metric to assess Lesotho's economic development in relation to other countries.
Key Facts
- Lesotho's GDP per worker was $4,667 in 2021.
- This metric has grown by an average of 1.8% per year over the past decade.
- Lesotho ranks 125th globally in GDP per worker adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This metric measures Lesotho's total economic output per employed person, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for evaluating Lesotho's economic development and living standards in an internationally comparable way.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Lesotho's economic performance relative to other countries and inform policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data due to the time required for collection and analysis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Lesotho (RGDPWOLSA627NUPN), retrieved from FRED.