Constant GDP per capita for Chad
NYGDPPCAPKDTCD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
917.39
Year-over-Year Change
-9.76%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Chad measures the total economic output of Chad divided by its population, adjusted for inflation. This metric provides insight into the standard of living and economic development of the country.
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
Constant GDP per capita is a macroeconomic indicator that shows the inflation-adjusted value of the total economic output of a country divided by its population. It is a useful measure for evaluating a country's economic progress and the economic well-being of its citizens.
Methodology
The data is calculated by the World Bank using national accounts and population statistics.
Historical Context
Policymakers and economists use this metric to assess a country's economic performance and living standards over time.
Key Facts
- Chad's constant GDP per capita was $540.13 in 2020.
- Chad's constant GDP per capita has grown by 31% since 2000.
- Chad is classified as a low-income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Chad 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 insight into the standard of living and economic development of Chad, which is useful for policymakers and economists assessing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate a country's economic progress and the economic well-being of its citizens over time.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reliability of national accounts and population statistics in Chad.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Chad (NYGDPPCAPKDTCD), retrieved from FRED.