Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Bulgaria
RGDPTHBGA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.06
Year-over-Year Change
56.35%
Date Range
1/1/1989 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP)-adjusted GDP per hour worked by employees in Bulgaria. It provides insights into the country's labor productivity and economic output relative to other nations.
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 Bulgaria is a measure of economic output per unit of labor input. It adjusts the gross domestic product (GDP) for price level differences across countries, allowing for more accurate international comparisons of productivity and living standards.
Methodology
The data is calculated by the Conference Board using national accounts and labor force survey information.
Historical Context
This metric is used by economists, policymakers, and international organizations to assess a country's economic competitiveness and development.
Key Facts
- Bulgaria's GDP per hour worked was $25.44 in 2021.
- This metric has grown by an average of 2.5% annually over the past decade.
- Bulgaria's labor productivity lags behind the EU average by around 30%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP)-adjusted gross domestic product (GDP) per hour worked by employees in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Bulgaria's labor productivity and economic output relative to other countries, which is useful for assessing the nation's economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force survey information.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate a country's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a short delay compared to the reference period.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Bulgaria (RGDPTHBGA630NUPN), retrieved from FRED.