Purchasing Power Parity Converted GDP Chain per worker for Macao
RGDPWOMOA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,373.91
Year-over-Year Change
93.37%
Date Range
1/1/1970 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Macao measures the total economic output per worker in Macao, adjusted for differences in purchasing power between 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 comparison of economic productivity across nations, allowing analysts to evaluate Macao's economic performance relative to other global economies.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
Economists and policymakers use this indicator to assess Macao's economic competitiveness and development.
Key Facts
- Macao's GDP per worker was $93,522 in 2021.
- Macao has one of the highest GDP per worker levels globally.
- GDP per worker in Macao has grown over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output per worker in Macao, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized way to compare Macao's economic productivity to other nations, helping analysts assess its economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to evaluate Macao's economic performance and competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year 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 Macao (RGDPWOMOA627NUPN), retrieved from FRED.