Real GDP at Constant National Prices for Togo
RGDPNATGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,448.56
Year-over-Year Change
156.79%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Togo' measures the total economic output of Togo, adjusted for inflation, and is a key indicator of the country's economic health and growth.
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 economic trend represents the inflation-adjusted gross domestic product (GDP) of Togo, measuring the total value of all goods and services produced within the country. It is a widely used metric for evaluating a nation's economic performance and serves as an important input for policymakers and analysts.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
Policymakers and economists closely monitor this trend to assess Togo's economic conditions and guide fiscal and monetary policies.
Key Facts
- Togo's real GDP reached $6.8 billion in 2021.
- The economy grew by 5.1% in 2021 after a 1.8% contraction in 2020.
- Agriculture and services are the largest contributors to Togo's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Togo' measures the total economic output of Togo, adjusted for inflation, providing a gauge of the country's economic performance and growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of Togo's economic health and serves as an important input for policymakers, investors, and analysts seeking to assess the country's economic conditions and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to guide fiscal and monetary policies aimed at promoting economic growth and stability in Togo.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and there may be revisions to historical figures as more information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Togo (RGDPNATGA666NRUG), retrieved from FRED.