Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Barbados
RGDPTHBBA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.86
Year-over-Year Change
-4.45%
Date Range
1/1/1991 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per hour worked by employees in Barbados. It provides insights into labor productivity and economic growth in the country.
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 hour worked by employees for Barbados is an important indicator of economic performance. It combines measures of output, prices, and labor input to assess the country's productivity and living standards relative to other nations.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts, labor force, and price level information.
Historical Context
Policymakers and economists use this trend to evaluate Barbados' competitiveness and potential for future growth.
Key Facts
- Barbados' PPP GDP per hour worked was $25.44 in 2021.
- Barbados' productivity lags behind many developed economies.
- Improving labor productivity is a key economic policy goal for Barbados.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per hour worked by employees in Barbados. It provides an indicator of labor productivity and living standards in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating Barbados' economic competitiveness and potential for future growth. It allows for international comparisons of productivity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts, labor force, and price level information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Barbados' competitiveness and identify opportunities to boost labor productivity and economic growth.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the information relies on national accounts and labor force data from Barbados.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Trinidad and Tobago
RGDPTHTTA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Taiwan
RGDPTHTWA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Cyprus
RGDPTHCYA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Austria
RGDPTHATA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Bulgaria
RGDPTHBGA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for United States
RGDPTHUSA630NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Barbados (RGDPTHBBA630NUPN), retrieved from FRED.