Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ethiopia
RGDPTEETA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,364.55
Year-over-Year Change
64.10%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per employed person in Ethiopia. It provides insights into the productivity and living standards of the Ethiopian 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 Ethiopia is an indicator of economic well-being and productivity. It accounts for differences in price levels across countries to better compare real incomes and standards of living.
Methodology
The data is calculated by the World Bank using GDP and employment statistics.
Historical Context
This metric is used by economists and policymakers to assess Ethiopia's economic development and competitiveness.
Key Facts
- Ethiopia's PPP-adjusted GDP per worker was $4,667 in 2021.
- The trend has grown by 42% over the past decade.
- Ethiopia ranks 148th globally in this metric.
FAQs
Q: What does this economic trend measure?
A: This metric measures the purchasing power parity (PPP) converted GDP per person employed in Ethiopia. It reflects the overall productivity and living standards of the Ethiopian workforce.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Ethiopia's economic development and the competitiveness of its labor force compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and employment statistics for Ethiopia.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Ethiopia's economic progress and to inform policies aimed at improving productivity and living standards.
Q: Are there update delays or limitations?
A: There may be a delay of several months in the availability of the latest data due to the time required for collection and analysis.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Ethiopia (RGDPTEETA629NUPN), retrieved from FRED.