Purchasing Power Parity Converted GDP Chain per worker for Yemen
RGDPWOYEA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,902.23
Year-over-Year Change
3.18%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) adjusted real GDP per worker in Yemen, providing insights into labor productivity and economic output.
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 PPP-converted GDP per worker is a key metric for evaluating the economic performance and labor efficiency of a country. It accounts for differences in cost of living and purchasing power to enable cross-country comparisons of workers' productivity.
Methodology
The data is calculated by the Conference Board using national accounts and employment statistics.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to assess a country's economic development and competitiveness.
Key Facts
- Yemen's PPP-adjusted GDP per worker was $6,342 in 2021.
- This metric has grown by 17% in the past decade in Yemen.
- Yemen ranks 172nd globally in terms of PPP-adjusted GDP per worker.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted real GDP per worker in Yemen, providing insights into the country's labor productivity and overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international institutions to assess a country's economic development, competitiveness, and the efficiency of its labor force.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and employment statistics.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this trend to evaluate a country's economic performance, labor productivity, and competitiveness, informing policy decisions and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Yemen (RGDPWOYEA627NUPN), retrieved from FRED.