Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Niger
RGDPTENEA629NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,697.06
Year-over-Year Change
-0.52%
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 Niger. It provides insights into the productivity and living standards of the Nigerien 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 Niger is an important indicator for assessing the economic well-being and productivity of the Nigerien labor force. It allows for cross-country comparisons of living standards and can inform policymaking and economic development strategies.
Methodology
The data is calculated using GDP figures adjusted for purchasing power parity and divided by the total number of employed persons in Niger.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Niger's economic performance and competitiveness.
Key Facts
- Niger's GDP per employed person was $3,206 in 2021.
- This metric has grown by 20% over the past decade in Niger.
- Niger ranks 172nd globally in terms of GDP per employed person.
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 Niger. It provides insights into the productivity and living standards of the Nigerien workforce.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the economic well-being and competitiveness of Niger's labor force. It allows for cross-country comparisons and can inform policymaking and economic development strategies.
Q: How is this data collected or calculated?
A: The data is calculated using GDP figures adjusted for purchasing power parity and divided by the total number of employed persons in Niger.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Niger's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability of employment and GDP statistics for Niger, which may have some delay in reporting.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per person counted in total employment for Niger (RGDPTENEA629NUPN), retrieved from FRED.