Gross Domestic Product Per Capita for Cote d'Ivoire
PCAGDPCIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,709.90
Year-over-Year Change
75.18%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its population. It is a key indicator of a country's standard of living and economic development.
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
GDP per capita for Cote d'Ivoire provides insight into the overall productivity and wealth of the country. Economists and policymakers use this metric to assess the country's economic performance and make informed decisions about economic policies.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
GDP per capita is widely used to compare economic growth and living standards across countries.
Key Facts
- GDP per capita in Cote d'Ivoire was $2,305 in 2021.
- Cote d'Ivoire's GDP per capita has grown by over 50% since 2000.
- Cote d'Ivoire is classified as a lower-middle-income economy by the World Bank.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita measures the total economic output of Cote d'Ivoire divided by its population, providing insight into the country's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator used by economists and policymakers to assess a country's economic performance and make informed decisions about economic policies.
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: GDP per capita is widely used to compare economic growth and living standards across countries, which informs economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year delay, and may not capture all economic activity in the informal sector.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Cote d'Ivoire (PCAGDPCIA646NWDB), retrieved from FRED.