Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Rwanda
PCDGDPRWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,546.98
Year-over-Year Change
133.63%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the purchasing power-adjusted domestic absorption per capita in Rwanda, providing insights into the country's economic well-being and living standards.
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
Purchasing power parity (PPP) conversion helps compare economic indicators across countries by adjusting for differences in price levels. This PPP-adjusted domestic absorption per capita metric offers a comprehensive view of Rwanda's economic activity and consumption levels.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multi-lateral approach to PPP conversion.
Historical Context
This trend is useful for policymakers and analysts to assess Rwanda's economic development and living standards relative to other countries.
Key Facts
- Rwanda's PPP-adjusted domestic absorption per capita was $876 in 2019.
- This metric has grown by an average of 5.2% annually over the past decade.
- Rwanda's domestic absorption per capita is around 10% of the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Rwanda, providing insights into the country's economic activity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for assessing Rwanda's economic development and living standards in comparison to other countries, helping policymakers and analysts understand the country's economic well-being.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, a multi-lateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate Rwanda's economic progress and living standards, informing policy decisions aimed at improving the country's economic development.
Q: Are there update delays or limitations?
A: The data is subject to update delays, and may not capture the most recent economic conditions in Rwanda.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Rwanda (PCDGDPRWA620NUPN), retrieved from FRED.