Purchasing Power Parity Converted GDP Chain per worker for Mexico
RGDPWOMXA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,625.47
Year-over-Year Change
3.81%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted GDP per worker in Mexico. It provides insights into labor productivity and economic growth in the country.
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 Purchasing Power Parity Converted GDP Chain per worker for Mexico is a metric that adjusts the country's GDP per worker to account for differences in purchasing power across economies. This allows for more accurate cross-country comparisons of economic output and productivity levels.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
This trend is widely used by economists, policymakers, and investors to evaluate Mexico's economic performance and competitiveness.
Key Facts
- Mexico's PPP-adjusted GDP per worker was $31,517 in 2021.
- This metric has grown by 34% over the past decade.
- The Conference Board produces this data series.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Mexico's GDP per worker, adjusted for differences in purchasing power across countries. It provides insights into labor productivity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend allows for more accurate cross-country comparisons of economic output and productivity levels, which is valuable for economists, policymakers, and investors analyzing Mexico's economic performance.
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: This trend is widely used by economists, policymakers, and investors to evaluate Mexico's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in availability depending on the source.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Mexico (RGDPWOMXA627NUPN), retrieved from FRED.