Purchasing Power Parity Converted GDP Chain per worker for Niger
RGDPWONEA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,583.43
Year-over-Year Change
-7.11%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Niger is an important economic metric that measures the productivity and living standards of the Nigerien 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
This metric represents the total economic output of Niger, adjusted for differences in purchasing power, divided by the total number of workers. It provides insights into the productivity and efficiency of the Nigerien labor force and is used by economists and policymakers to assess the country's economic development.
Methodology
The data is calculated by the World Bank using national accounts and labor force data.
Historical Context
This trend is used by international organizations, governments, and analysts to compare economic performance across countries and monitor Niger's progress over time.
Key Facts
- Niger's GDP per worker was $2,700 in 2021.
- This metric has grown by 34% over the past decade.
- Niger ranks 159th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output of Niger, adjusted for differences in purchasing power, divided by the total number of workers in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and living standards of the Nigerien workforce, which is crucial for understanding the country's economic development and comparing it to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: This trend is used by international organizations, governments, and analysts to assess Niger's economic performance, monitor progress over time, and compare it to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture informal economic activity in Niger.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Niger (RGDPWONEA627NUPN), retrieved from FRED.