Purchasing Power Parity Converted GDP Chain per worker for Malaysia
RGDPWOMYA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,367.99
Year-over-Year Change
37.24%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Malaysia. It provides insight into the productivity and living standards of the Malaysian workforce.
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 PPP-converted GDP per worker is an important metric for comparing economic output and living standards across countries. It accounts for differences in price levels to better reflect the real purchasing power of worker incomes.
Methodology
The data is calculated by the Conference Board using GDP and employment statistics from national sources.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Malaysia's economic competitiveness and development.
Key Facts
- Malaysia's PPP-converted GDP per worker was $51,176 in 2021.
- This metric has grown by 23% over the past decade.
- Malaysia ranks 25th globally in PPP-converted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in Malaysia. It provides a standardized way to compare the productivity and living standards of the Malaysian workforce.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per worker is a key indicator of a country's economic competitiveness and development. It allows for meaningful comparisons of worker incomes and living standards across different countries.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using GDP and employment statistics from national sources in Malaysia.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to assess Malaysia's economic performance, productivity, and living standards relative to other countries. It informs decisions around trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this data as it relies on national accounts and labor force statistics. The metric may also be affected by changes in exchange rates and price levels over time.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Malaysia (RGDPWOMYA627NUPN), retrieved from FRED.