Purchasing Power Parity Converted GDP Chain per worker for Mozambique
RGDPWOMZA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,649.69
Year-over-Year Change
84.69%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per worker in Mozambique. It provides insights into the productivity and living standards of the Mozambican 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 indicator of economic development and productivity. It allows for cross-country comparisons of living standards and worker efficiency, adjusting for differences in price levels between nations.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Mozambique's economic performance and competitiveness.
Key Facts
- Mozambique's PPP-converted GDP per worker was $3,447 in 2021.
- This trend has grown at an average annual rate of 2.7% over the past decade.
- Mozambique's worker productivity lags behind the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per worker in Mozambique. It provides a standardized metric for comparing worker productivity and living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of Mozambique's economic development and competitiveness. It allows analysts to evaluate the productivity and living standards of the Mozambican workforce relative to other countries.
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: Policymakers, international organizations, and economists use this trend to assess Mozambique's economic performance and competitiveness, informing decisions on trade, investment, and development policies.
Q: Are there update delays or limitations?
A: There may be delays of up to two years in the release of this data due to the time required for national statistical agencies to compile and publish the underlying labor force and national accounts information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Mozambique (RGDPWOMZA627NUPN), retrieved from FRED.