Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chad
RGDPCHTDA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,330.64
Year-over-Year Change
72.46%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chad measures the total economic output of Chad adjusted for differences in purchasing power and population size. This key economic indicator is crucial for assessing Chad'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
This series represents Chad's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power between countries using the concept of Purchasing Power Parity (PPP). The chain-weighted methodology provides a more accurate, inflation-adjusted measure of economic performance over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts use this trend to evaluate Chad's economic progress and compare its standard of living to other countries.
Key Facts
- Chad's GDP per capita was $2,149 in 2021.
- Chad's economy has grown by an average of 3% per year over the past decade.
- Chad is one of the poorest countries in the world, ranking 187th out of 195 countries by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures Chad's Gross Domestic Product (GDP) per capita, adjusted for differences in purchasing power between countries using the concept of Purchasing Power Parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing Chad's standard of living and economic development compared to other countries, and for evaluating the country's progress over time.
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: Policymakers and analysts use this trend to evaluate Chad's economic progress and compare its standard of living to other countries.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential delays in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Chad (RGDPCHTDA625NUPN), retrieved from FRED.