Purchasing Power Parity Converted GDP Chain per worker for Madagascar
RGDPWOMGA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,434.05
Year-over-Year Change
-10.16%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Madagascar measures the total economic output per employed person in the country, adjusted for differences in purchasing power across nations.
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 way to compare the productivity and overall economic health of Madagascar relative to other countries. It is a key indicator used by economists and policymakers to assess development and competitiveness.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely referenced in international economic analyses and discussions of development policy.
Key Facts
- Madagascar's GDP per worker was $4,149 in 2021.
- The country's productivity has grown by 2.3% annually over the past decade.
- Madagascar ranks 146th globally in GDP per worker based on purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity Converted GDP Chain per worker for Madagascar measures the total economic output of the country per employed person, adjusted for differences in purchasing power across nations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare the productivity and overall economic health of Madagascar relative to other countries, which is key for economists and policymakers assessing development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in international economic analyses and discussions of development policy, as it offers insights into a country's productivity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Madagascar (RGDPWOMGA627NUPN), retrieved from FRED.