Purchasing Power Parity Converted GDP Chain per worker for Thailand
RGDPWOTHA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,154.38
Year-over-Year Change
44.83%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Purchasing Power Parity Converted GDP Chain per worker for Thailand' series measures the economic productivity of Thailand's workforce, adjusting for differences in purchasing power and inflation.
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 trend provides a standardized metric for comparing Thailand's economic output per worker against other countries, enabling analysis of labor productivity and competitiveness. It is a valuable data point for economists and policymakers assessing Thailand's economic performance.
Methodology
The data is calculated by the University of Groningen based on GDP and employment figures.
Historical Context
This metric is widely used by institutions and analysts to benchmark Thailand's economic development.
Key Facts
- Thailand's GDP per worker was $25,462 in 2021.
- GDP per worker has grown by 36% in Thailand over the past decade.
- Thailand ranks 51st globally in GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This metric measures Thailand's GDP per worker, adjusting for differences in purchasing power and inflation to enable cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This data point is valuable for assessing Thailand's labor productivity and economic competitiveness compared to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen using Thailand's GDP and employment figures.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this metric to benchmark Thailand's economic development and labor market performance.
Q: Are there update delays or limitations?
A: The data is updated annually with a slight delay as employment and GDP figures are finalized.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Thailand (RGDPWOTHA627NUPN), retrieved from FRED.