Constant GDP per capita for the Republic of the Congo
NYGDPPCAPKDCOG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,679.58
Year-over-Year Change
-31.92%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for the Republic of the Congo measures the total economic output per person in the country, adjusted for inflation. This metric is crucial for analyzing Congo's economic development and living standards.
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
Constant GDP per capita represents the inflation-adjusted value of the total economic output divided by the country's population. It is a key indicator of a nation's standard of living and economic progress over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and economists use this metric to gauge the Republic of the Congo's economic performance and inform policy decisions.
Key Facts
- Congo's constant GDP per capita was $590 in 2021.
- GDP per capita has grown by 36% over the past decade in Congo.
- Congo's GDP per capita is less than 10% of the global average.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for the Republic of the Congo measures the total economic output per person in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing Congo's economic development and living standards, as it provides a gauge of the country's standard of living and economic progress over time.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the Republic of the Congo's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Constant GDP per capita for the Republic of the Congo (NYGDPPCAPKDCOG), retrieved from FRED.