Output-side Real GDP at Current Purchasing Power Parities for Togo
CGDPOSTGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,116.09
Year-over-Year Change
139.95%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Togo, adjusted for purchasing power parity (PPP). It provides a comprehensive gauge of Togo's economic output and is a key indicator for economists and policymakers.
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 Output-side Real GDP at Current Purchasing Power Parities for Togo represents the total value of all goods and services produced within Togo's economy, adjusted to account for differences in purchasing power across countries. This metric allows for more accurate cross-country comparisons of economic activity.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This trend is widely used by international organizations, economists, and policymakers to analyze Togo's economic performance and development.
Key Facts
- Togo's real GDP in 2021 was $20.78 billion.
- Togo's GDP per capita in 2021 was $2,501.
- The Togolese economy grew by 5.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Togo, adjusted for differences in purchasing power across countries using a purchasing power parity (PPP) conversion.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate representation of Togo's economic output compared to using nominal GDP, allowing for better cross-country comparisons and analysis of the Togolese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by international organizations, economists, and policymakers to analyze Togo's economic performance and development, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with a lag of around one year. There may be some limitations in data quality or coverage, as with any economic indicator.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Togo (CGDPOSTGA666NRUG), retrieved from FRED.