Purchasing Power Parity Converted GDP Chain per worker for Namibia
RGDPWONAA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,820.91
Year-over-Year Change
7.95%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted GDP chain per worker for Namibia. 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 Namibia is an important indicator of economic performance and living standards. It reflects the total economic output per employed person, adjusted for differences in purchasing power across countries.
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 Namibia's economic development and competitiveness.
Key Facts
- Namibia's GDP per worker was $15,700 in 2021.
- Namibia's labor productivity has grown by 2.5% annually over the past decade.
- Namibia ranks 5th among Sub-Saharan African countries in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted GDP chain per worker for Namibia, which reflects the country's total economic output per employed person.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Namibia's labor productivity and economic growth, which are important factors for evaluating the country's economic performance and living standards.
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 used by economists, policymakers, and international organizations to assess Namibia's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Namibia (RGDPWONAA627NUPN), retrieved from FRED.