Purchasing Power Parity Converted GDP Chain per worker for Russia
RGDPWORUA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,285.24
Year-over-Year Change
75.62%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Russia's gross domestic product (GDP) per worker, adjusted for purchasing power parity (PPP). It provides insights into Russia's labor productivity and economic growth potential.
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 Russia is an important indicator of the country's economic performance. It allows for cross-country comparisons of productivity and living standards by accounting for differences in price levels between nations.
Methodology
The data is calculated by the University of Groningen using national accounts and labor force statistics.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Russia's economic competitiveness and growth outlook.
Key Facts
- Russia's GDP per worker was $25,667 in 2021.
- Russia's GDP per worker has grown by 2.3% annually since 2010.
- Russia's GDP per worker is around 40% of the U.S. level.
FAQs
Q: What does this economic trend measure?
A: This trend measures Russia's gross domestic product (GDP) per worker, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Russia's labor productivity and economic growth potential, allowing for cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen 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 investors to assess Russia's economic competitiveness and growth outlook.
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 Russia (RGDPWORUA627NUPN), retrieved from FRED.