Purchasing Power Parity Converted GDP Chain per worker for Philippines
RGDPWOPHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,694.24
Year-over-Year Change
31.00%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted GDP per worker in the Philippines. It is a key indicator of labor productivity and economic development.
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 a measure of economic output per employed person, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of living standards and productivity levels than market exchange rates.
Methodology
The data is calculated by the Conference Board using GDP and employment statistics from national sources.
Historical Context
This trend is used by economists and policymakers to assess the Philippines' economic competitiveness and potential for growth.
Key Facts
- The Philippines' PPP GDP per worker was $22,660 in 2021.
- This metric has grown by over 45% in the past decade.
- The Philippines lags behind regional peers like Malaysia on this measure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted GDP per worker in the Philippines, which is an indicator of labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate cross-country comparison of economic output and productivity than using market exchange rates. It is important for assessing the Philippines' economic competitiveness and growth potential.
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 the Philippines.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the Philippines' labor productivity and living standards relative to other countries. It informs decisions on economic reforms, investments, and competitiveness strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag. PPP conversion may also not fully capture all differences in costs of living across regions within the Philippines.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per worker for Belgium
RGDPLWBEA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Bosnia and Herzegovina
RGDPWOBAA627NUPN
Purchasing Power Parity Converted GDP Chain per worker for Bahamas
RGDPWOBSA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Libya
RGDPLWLYA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Burkina Faso
RGDPLWBFA627NUPN
Purchasing Power Parity Converted GDP Laspeyres per worker for Egypt
RGDPLWEGA627NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Philippines (RGDPWOPHA627NUPN), retrieved from FRED.