Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Algeria
RGDPTEDZA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,229.05
Year-over-Year Change
0.81%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Algeria. It provides insights into the productivity and living standards of the Algerian 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 Algeria is an important indicator of economic development and labor market conditions. It adjusts the GDP per capita to account for differences in purchasing power across countries, offering a more accurate comparison of living standards.
Methodology
The data is calculated by the World Bank using a Laspeyres-type index formula and national accounts information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess the Algerian economy's performance and competitiveness.
Key Facts
- Algeria's PPP-adjusted GDP per worker was $23,732 in 2021.
- The trend has shown steady growth over the past decade.
- Algeria's productivity lags behind many other developing economies.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Algeria measures the country's gross domestic product adjusted for differences in purchasing power, divided by the total number of people employed.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of living standards and labor productivity in Algeria compared to using unadjusted GDP per capita. It is widely used by economists and policymakers to assess the Algerian economy's performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres-type index formula and national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate the Algerian economy's development, labor market conditions, and competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the underlying national accounts and employment information can take time to collect and publish.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Netherlands
RGDPTENLA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Jamaica
RGDPTEJMA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Nigeria
RGDPTENGA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Taiwan
RGDPTETWA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Portugal
RGDPTEPTA629NUPN
Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Sri Lanka
RGDPTELKA629NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Algeria (RGDPTEDZA629NUPN), retrieved from FRED.