Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Barbados
RGDPTEBBA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,971.37
Year-over-Year Change
-2.48%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per person employed in Barbados. It provides insights into the country's economic productivity 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
The Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Barbados is an important indicator of economic development and productivity. It accounts for differences in price levels across countries to enable meaningful comparisons of living standards.
Methodology
The data is calculated by the World Bank using the Laspeyres method to compare GDP across countries.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Barbados' economic performance and competitiveness.
Key Facts
- Barbados' PPP-converted GDP per employed person was $31,577 in 2021.
- This metric has grown by 10% over the past decade in Barbados.
- Barbados ranks 51st 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) converted GDP per person employed in Barbados. It provides insights into the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international organizations to assess Barbados' economic performance and competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method to compare GDP across countries.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate Barbados' economic development, productivity, and living standards, informing policy decisions and international comparisons.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term economic fluctuations.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Belarus
RGDPTEBYA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Madagascar
RGDPTEMGA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Indonesia
RGDPTEIDA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for South Africa
RGDPTEZAA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for New Zealand
RGDPTENZA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Democratic Republic of the Congo
RGDPTECDA629NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Barbados (RGDPTEBBA629NUPN), retrieved from FRED.