GDP per person employed (constant 2021 PPP $)

This economic indicator represents the total output of an economy, measured in real terms, divided by the number of individuals actively employed. By adjusting the GDP to constant 2017 international dollars through purchasing power parity (PPP) rates, this measure allows for a more accurate reflection of economic productivity and living standards across different countries, eliminating the distortion caused by varying price levels. It effectively highlights the efficiency and effectiveness of employment in generating economic value, providing insights into the health of labor markets. A higher value signifies not only a more productive workforce but also suggests better opportunities for individuals, enhancing overall economic resilience and growth potential. Source: