Gross Domestic Product Per Capita for Chad
PCAGDPTDA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,016.09
Year-over-Year Change
-24.98%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita is a key economic indicator that measures the total economic output of a country divided by its population. It provides insights into 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 Chad represents the value of all goods and services produced within Chad, divided by the country's total population. It is a widely used metric for comparing economic performance and living standards across countries.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
GDP per capita is a critical statistic used by policymakers, investors, and analysts to evaluate a country's economic health and development progress.
Key Facts
- Chad is a landlocked country in Central Africa.
- Chad's GDP per capita was $637 in 2021.
- Chad has one of the lowest GDP per capita levels globally.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita for Chad measures the total economic output of the country divided by its population, providing insights into the standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a critical statistic used by policymakers, investors, and analysts to evaluate a country's economic health and development progress.
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 used by economists and policymakers to assess a country's economic performance, make comparisons, and inform policy decisions.
Q: Are there update delays or limitations?
A: The World Bank updates GDP per capita data for countries annually, with some potential delays in data reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Chad (PCAGDPTDA646NWDB), retrieved from FRED.