Purchasing Power Parity Converted GDP Chain per worker for Nepal
RGDPWONPA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,139.09
Year-over-Year Change
35.58%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the gross domestic product (GDP) per worker in Nepal, adjusted for purchasing power parity. It provides insights into the productivity and relative living standards of the Nepalese 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 Purchasing Power Parity Converted GDP Chain per worker for Nepal is an important indicator used by economists and policymakers to evaluate the economic performance and development of the country. It offers a standardized, internationally comparable measure of labor productivity.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
This trend is widely used to assess Nepal's economic competitiveness and inform policy decisions.
Key Facts
- Nepal's GDP per worker was $5,302 in 2021.
- The trend has grown by 42% over the past decade.
- Nepal ranks 148th globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) per worker in Nepal, adjusted for purchasing power parity. It provides insights into the productivity and relative living standards of the Nepalese workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator used by economists and policymakers to evaluate the economic performance and development of Nepal. It offers a standardized, internationally comparable measure of labor productivity that informs assessments of the country's economic competitiveness.
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 to assess Nepal's economic competitiveness and inform policy decisions aimed at improving labor productivity and living standards.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months. Additionally, international comparisons may be affected by differences in data collection and methodology across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Nepal (RGDPWONPA627NUPN), retrieved from FRED.