Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Luxembourg
RGDPTELUA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,178.24
Year-over-Year Change
2.81%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Luxembourg. It provides insights into the productivity and living standards of the Luxembourg 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 Luxembourg is an indicator that adjusts the GDP per capita in Luxembourg to account for differences in purchasing power across countries. This allows for more accurate comparisons of economic output and living standards.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) using a Laspeyres index formula and national accounts data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Luxembourg's economic performance and competitiveness.
Key Facts
- Luxembourg has one of the highest GDP per capita in the world.
- The PPP-adjusted GDP per worker in Luxembourg is over 3 times the OECD average.
- Luxembourg's high productivity is driven by its large financial services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per person employed in Luxembourg. It provides insights into the productivity and living standards of the Luxembourg workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for comparing the economic output and living standards of Luxembourg to other countries, as it adjusts for differences in purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a Laspeyres index formula and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Luxembourg's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic changes in Luxembourg.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Luxembourg (RGDPTELUA629NUPN), retrieved from FRED.