Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Brazil
RGDPTHBRA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.95
Year-over-Year Change
6.29%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Brazil measures the productivity of the Brazilian workforce. This metric is crucial for economists and policymakers to assess the country's economic competitiveness and growth potential.
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
This data series represents the total real GDP of Brazil, adjusted for purchasing power parity and divided by the total number of hours worked by employees. It provides a standardized measure of labor productivity that enables cross-country comparisons.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
This metric is widely used by economists, businesses, and policymakers to evaluate Brazil's economic performance and competitiveness.
Key Facts
- Brazil's GDP per hour worked was $13.02 in 2021.
- Productivity has grown by 2.3% annually on average since 2010.
- Brazil ranks 51st globally in terms of GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total real GDP of Brazil, adjusted for purchasing power parity, divided by the total number of hours worked by employees. It provides a standardized measure of labor productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for evaluating Brazil's economic competitiveness and growth potential, as it allows for cross-country comparisons of labor productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, businesses, and policymakers to assess Brazil's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in availability due to the time required to collect and process the underlying national accounts and labor force data.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Brazil (RGDPTHBRA630NUPN), retrieved from FRED.