Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Togo
PGDPUSTGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.86
Year-over-Year Change
-9.27%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Togo's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the comparative living standards and economic development between the two countries.
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 PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of material living standards. This trend is a valuable indicator for economists and policymakers analyzing Togo's economic progress and convergence with advanced economies.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
This metric is widely used in international economic analyses and policy discussions.
Key Facts
- Togo's GDP per capita is approximately 4% of the U.S. level.
- The PPP adjustment accounts for lower price levels in Togo compared to the U.S.
- This trend can help identify opportunities for economic convergence and policy reform.
FAQs
Q: What does this economic trend measure?
A: This trend measures Togo's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insight into the comparative living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita metric is a valuable indicator for economists and policymakers analyzing Togo's economic progress and convergence with advanced economies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This metric is widely used in international economic analyses and policy discussions to assess comparative living standards and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the underlying sources.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Togo (PGDPUSTGA621NUPN), retrieved from FRED.