Purchasing Power Parity Converted GDP Chain per worker for Senegal
RGDPWOSNA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,392.85
Year-over-Year Change
14.94%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Senegal measures the economic productivity of Senegal's workforce. It is a key indicator for evaluating the country's economic development and 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
This metric represents the inflation-adjusted GDP per employed person in Senegal, converted to a common international currency using purchasing power parity. It provides insight into labor productivity and the overall efficiency of the Senegalese economy.
Methodology
The data is calculated by the World Bank using national accounts and employment statistics.
Historical Context
Policymakers and economists use this trend to assess Senegal's economic competitiveness and living standards relative to other countries.
Key Facts
- Senegal's GDP per worker was $6,336 in 2021.
- GDP per worker has grown by 22% over the past decade in Senegal.
- Senegal ranks 18th out of 46 African countries for GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per employed person in Senegal. It indicates the overall productivity and efficiency of the Senegalese workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Senegal's economic development and competitiveness. It allows for meaningful international comparisons of living standards and labor productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and employment statistics for Senegal.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Senegal's economic performance, formulate growth strategies, and benchmark the country's progress against regional and global peers.
Q: Are there update delays or limitations?
A: There may be delays of up to 2 years in the availability of the most recent data, as it relies on national statistics which can take time to compile and publish.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Senegal (RGDPWOSNA627NUPN), retrieved from FRED.