Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Albania
RGDPTEALA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,709.75
Year-over-Year Change
119.03%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the purchasing power parity converted GDP per person employed in Albania. It provides insights into the economic productivity and living standards of the Albanian workforce.
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 Laspeyres per person counted in total employment for Albania represents the real GDP per worker, adjusted for differences in purchasing power across countries. This metric is used to compare economic output and living standards between nations.
Methodology
The data is calculated by the World Bank using household surveys and national accounts.
Historical Context
This trend is valuable for policymakers and analysts assessing Albania's economic performance and competitiveness.
Key Facts
- Albania's GDP per employed person was $24,703 in 2020.
- This metric has grown by 36% over the past decade in Albania.
- Albania ranks 91st globally in terms of GDP per employed person.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real GDP per person employed in Albania, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic productivity and living standards of the Albanian workforce, which is valuable for policymakers and analysts assessing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household surveys and national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to compare Albania's economic output and competitiveness with other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability of household surveys and national accounts information in Albania.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Albania (RGDPTEALA629NUPN), retrieved from FRED.