Purchasing Power Parity Converted GDP Chain per worker for Portugal
RGDPWOPTA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,706.00
Year-over-Year Change
2.33%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) converted GDP per worker in Portugal. It provides insights into labor productivity and living standards within 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 Portugal represents the total economic output per employed person, adjusting for differences in prices across countries. It is a widely used metric for comparing economic performance and living standards internationally.
Methodology
The data is calculated by the Conference Board using national accounts and labor force statistics.
Historical Context
This trend is relevant for policymakers, economists, and investors analyzing Portugal's economic competitiveness and growth potential.
Key Facts
- Portugal's GDP per worker was $53,462 in 2021.
- Portugal's labor productivity has grown by 1.4% annually since 2010.
- Portugal's GDP per worker is 60% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per worker in Portugal. It reflects the country's labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating Portugal's economic competitiveness and the living standards of its population 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, economists, and investors use this trend to analyze Portugal's economic performance and growth potential, informing decisions on trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Portugal (RGDPWOPTA627NUPN), retrieved from FRED.