Constant GDP per capita for the Democratic Republic of the Congo
NYGDPPCAPKDCOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
555.10
Year-over-Year Change
36.16%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for the Democratic Republic of the Congo' measures the gross domestic product per person in the Democratic Republic of the Congo, adjusted for inflation. This metric provides important insights into the country's economic development and living standards.
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 economic indicator represents the total economic output of the Democratic Republic of the Congo divided by its population, with the effects of price changes removed. It is a key statistic used by economists and policymakers to assess a country's standard of living and economic progress over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this metric to inform economic and social policies aimed at improving the well-being of the Congolese population.
Key Facts
- GDP per capita in the Democratic Republic of the Congo was $465 in 2021.
- The country's GDP per capita has experienced volatile growth over the past two decades.
- Improving GDP per capita is a key goal for the Congolese government and international development organizations.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for the Democratic Republic of the Congo' measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the Democratic Republic of the Congo's standard of living and economic development, which is crucial information for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic and social policies aimed at improving the well-being of the Congolese population.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in reporting due to the economic and political challenges faced by the Democratic Republic of the Congo.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Congo
CODFCBODNUM
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Congo
CODFCBODCNUM
Value of Exports to the Democratic Republic of the Congo from Florida
FLCODA052SCEN
Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Congo
CODFCSODUGGDPPT
Number of Identified Exporters to the Democratic Republic of the Congo from North Dakota
NDCODA475SCEN
Value of Exports to the Democratic Republic of the Congo from Oregon
ORCODA052SCEN
Citation
U.S. Federal Reserve, Constant GDP per capita for the Democratic Republic of the Congo (NYGDPPCAPKDCOD), retrieved from FRED.