Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for St. Lucia
RGDPTHLCA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.72
Year-over-Year Change
-5.40%
Date Range
1/1/1985 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted GDP per hour worked by employees in St. Lucia. It provides insight into labor productivity and national economic output.
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 metric represents the inflation-adjusted economic output per unit of labor input in St. Lucia. It is a key indicator of national productivity and competitiveness.
Methodology
The data is calculated using GDP figures and labor statistics reported by the St. Lucian government.
Historical Context
This metric is widely used by economists, policymakers, and investors to assess St. Lucia's economic performance and growth potential.
Key Facts
- St. Lucia's GDP per hour worked was $20.93 in 2020.
- Labor productivity has grown by 2.5% annually in St. Lucia over the past decade.
- St. Lucia ranks 78th globally in GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted GDP per hour worked by employees in St. Lucia. It provides insight into the country's labor productivity and national economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of St. Lucia's economic performance and competitiveness. It is widely used by economists, policymakers, and investors to assess the country's growth potential.
Q: How is this data collected or calculated?
A: The data is calculated using GDP figures and labor statistics reported by the St. Lucian government.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to evaluate St. Lucia's economic growth, labor productivity, and international competitiveness.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for data collection and publication by the St. Lucian government.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for St. Lucia (RGDPTHLCA630NUPN), retrieved from FRED.