Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Ireland
RGDPTHIEA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.45
Year-over-Year Change
37.87%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the Purchasing Power Parity (PPP) Converted GDP Laspeyres per hour worked by employees in Ireland. It provides insights into labor productivity and economic performance 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 is a measure of labor productivity that accounts for differences in purchasing power across countries. It is used to compare economic output and living standards internationally.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a Laspeyres index formula and PPP exchange rates.
Historical Context
This trend is widely used by economists and policymakers to assess Ireland's economic competitiveness and living standards relative to other countries.
Key Facts
- Ireland's PPP Converted GDP per hour worked was $57.50 in 2021.
- This indicator has increased by over 50% since 2000, reflecting strong labor productivity growth.
- Ireland's labor productivity exceeds the OECD average by approximately 40%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the Purchasing Power Parity (PPP) Converted GDP Laspeyres per hour worked by employees in Ireland. It provides a measure of labor productivity and economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to assess Ireland's economic competitiveness and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a Laspeyres index formula and PPP exchange rates.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate Ireland's economic performance and inform policy decisions related to labor productivity, international competitiveness, and living standards.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be some lags in the availability of the most recent figures.
Related Trends
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Peru
RGDPTHPEA630NUPN
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 Bulgaria
RGDPTHBGA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Colombia
RGDPTHCOA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Portugal
RGDPTHPTA630NUPN
Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for New Zealand
RGDPTHNZA630NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Ireland (RGDPTHIEA630NUPN), retrieved from FRED.