Purchasing Power Parity over GDP for Togo
PPPTTLTGA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.00
Year-over-Year Change
-6.44%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Togo is an economic indicator that compares the purchasing power of Togo's currency to the U.S. dollar, adjusting for differences in price levels between the two 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
This measure represents the ratio of Togo's GDP converted to U.S. dollars using purchasing power parity (PPP) conversion factors, to Togo's GDP converted using the official exchange rate. It provides insights into the real purchasing power of Togo's economy relative to the U.S.
Methodology
The data is calculated by the World Bank using underlying GDP and exchange rate data.
Historical Context
Policymakers and analysts use this metric to evaluate Togo's economic competitiveness and living standards compared to the U.S. and other countries.
Key Facts
- Togo's PPP-adjusted GDP per capita was $1,895 in 2021.
- The PPP ratio was 0.62 in 2021, indicating Togo's currency has lower purchasing power than the U.S. dollar.
- Togo's PPP ratio has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Togo measures the ratio of Togo's GDP converted to U.S. dollars using purchasing power parity (PPP) to its GDP converted using the official exchange rate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real purchasing power of Togo's economy relative to the U.S., helping policymakers and analysts evaluate the country's economic competitiveness and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using underlying GDP and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Togo's economic performance and living standards compared to the U.S. and other countries, informing economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to a year or more in the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Togo (PPPTTLTGA618NUPN), retrieved from FRED.