Price Level of GDP, G-K method for Togo
PLOGDPTGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.32
Year-over-Year Change
11.44%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Togo measures the relative price level of Togo's gross domestic product compared to a base year. This provides important insights into the country's economic development and purchasing power.
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 series represents the price level of GDP in Togo, calculated using the Geary-Khamis (G-K) method. The G-K method is a widely used approach for cross-country comparisons of real GDP and price levels, allowing analysts to evaluate economic performance and living standards across different countries.
Methodology
The data is collected and calculated by the World Bank using official national accounts statistics.
Historical Context
Policymakers and economists use this metric to assess Togo's economic competitiveness and living standards relative to other countries.
Key Facts
- Togo's GDP price level was 48.31 in 2021 (2017 = 100).
- This indicates Togo's prices are about half the global average.
- The price level has increased from 42.03 in 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the relative price level of Togo's gross domestic product compared to a global base year, using the Geary-Khamis method for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Togo's economic development and purchasing power relative to other countries, which is important for evaluating competitiveness and living standards.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Togo's economic performance and living standards compared to other countries, informing policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the calculations rely on national accounts data from Togo and other countries.
Related Trends
Price Level of GDP, G-K method for Argentina
PLOGDPARA621NUPN
Price Level of Government Consumption for Malaysia
PLOGINMYA623NUPN
Price Level of GDP, average of GEKS-CPDW for Namibia
PL2GDPNAA621NUPN
Price Level of Investment for Russia
PLOINVRUA624NUPN
Price Level of Government Consumption for Sudan
PLOGINSDA623NUPN
Price Level of Investment for El Salvador
PLOINVSVA624NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Togo (PLOGDPTGA621NUPN), retrieved from FRED.