Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Togo
RGDPLPTGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
732.85
Year-over-Year Change
-9.16%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Togo, derived from growth rates of consumption, government consumption, and investment. It provides insights into the real economic output and living standards in Togo.
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
The PPP-converted GDP per capita series adjusts the nominal GDP per capita figure to account for differences in purchasing power across countries, offering a more accurate comparison of living standards. This metric is widely used by economists and policymakers to evaluate economic development and make international comparisons.
Methodology
The data is calculated by the World Bank using growth rates of key economic components.
Historical Context
This metric is valuable for assessing Togo's economic performance and informing policy decisions.
Key Facts
- Togo's PPP-adjusted GDP per capita was $1,957 in 2021.
- The PPP-adjusted GDP per capita has grown by 23% over the past decade.
- Togo's PPP-adjusted GDP per capita is about 10% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Togo, which adjusts the nominal GDP per capita to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic development in Togo compared to other countries, making it valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of key economic components like consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: This PPP-adjusted GDP per capita metric is used by economists and policymakers to evaluate Togo's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in accurately measuring purchasing power differences across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Togo (RGDPLPTGA625NUPN), retrieved from FRED.