Description of variables

Level Variables

Real GDP

Real GDP, in millions of 2020 international dollars, converted using Purchasing Power Parities

Nominal GDP

Nominal GDP, in millions of current international dollars, converted using Purchasing Power Parities

Employment

Persons employed (thousands)

Average Hours Worked

Average annual hours worked per worker

Total Hours

Total annual hours worked (millions)

Population

Midyear population (thousands)

Per Capita Income and Labor Productivity

Output per Employed Person

Labor productivity per person employed in 2020 international dollars, converted using Purchasing Power Parities

Output per Hour Worked

Labor productivity per hour worked in 2020 international dollars, converted using Purchasing Power Parities

Per Capita Income

GDP per capita in 2020 international dollars, converted using Purchasing Power Parities

Growth Rates

GDP growth

Growth of GDP, percent change

Employment growth

Growth of employment, percent change

Total Hours growth

Growth of total hours worked, percent change

Population growth

Growth of population, percent change

Output per Employed Person growth

Growth of Labor Productivity per person employed, percent change

Output per Hour Worked growth

Growth of Labor Productivity per hour worked, percent change

Per Capita Income growth

Growth of GDP per capita, percent change