Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Togo
KCPPPGTGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.58
Year-over-Year Change
13.78%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita at constant prices for Togo. It provides insights into the spending patterns and living standards of Togolese households.
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 consumption share of PPP-converted GDP per capita represents the portion of a country's economic output that is dedicated to household consumption. This metric is useful for cross-country comparisons and analyzing the role of consumption in a nation's economic development.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is commonly used by economists and policymakers to evaluate the drivers of economic growth and the well-being of a country's population.
Key Facts
- Togo's consumption share of PPP-converted GDP per capita was 78.9% in 2021.
- This metric has remained relatively stable in Togo over the past decade.
- Consumption plays a significant role in Togo's economy, accounting for a large portion of its economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of purchasing power parity (PPP) converted GDP per capita that is dedicated to household consumption in Togo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the spending patterns and living standards of Togolese households, which is useful for evaluating the drivers of economic growth and development in the country.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers commonly use this trend to assess the role of consumption in a country's economic development and to make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, and there may be a lag in the most recent data availability.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Togo (KCPPPGTGA156NUPN), retrieved from FRED.