Purchasing Power Parity Converted GDP Chain per worker for Samoa
RGDPWOWSA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,064.03
Year-over-Year Change
28.04%
Date Range
1/1/1980 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Samoa measures the economic productivity of Samoa's workforce. This metric is crucial for economists and policymakers to assess the country's economic development and living standards.
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 series represents the real GDP per worker in Samoa, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of economic output than nominal GDP figures, which do not account for price level variations.
Methodology
The data is calculated by the University of Groningen's Maddison Project using purchasing power parity (PPP) exchange rates.
Historical Context
Economists and international organizations use this metric to evaluate Samoa's economic performance and living standards relative to other countries.
Key Facts
- Samoa's GDP per worker was $18,302 in 2021.
- Samoa's GDP per worker has grown by 23% since 2010.
- Samoa's GDP per worker is 47% of the global average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real GDP per worker in Samoa, adjusted for differences in purchasing power between countries. It provides a more accurate comparison of economic output than nominal GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to assess Samoa's economic development and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen's Maddison Project using purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Economists and international organizations use this metric to evaluate Samoa's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of up to 2 years.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Samoa (RGDPWOWSA627NUPN), retrieved from FRED.