Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Togo
PC2GDPTGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
872.33
Year-over-Year Change
33.48%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity-adjusted GDP per capita for Togo, providing a standardized metric for comparing living standards across countries.
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
Purchasing power parity (PPP) conversion factors are used to estimate the relative purchasing power of different currencies, enabling more accurate cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the World Bank using the GEKS-CPDW method to account for differences in price levels between countries.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic development and inform policy decisions.
Key Facts
- Togo's PPP-adjusted GDP per capita was $1,916 in 2021.
- PPP conversion accounts for differences in relative price levels between countries.
- The GEKS-CPDW method provides a more robust measure of international price comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Togo, providing a standardized metric for comparing living standards across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic development and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the GEKS-CPDW method to account for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This metric is used to compare living standards and economic development across countries, informing decisions by policymakers, international organizations, and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have some delay in availability compared to real-time economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Togo (PC2GDPTGA620NUPN), retrieved from FRED.