Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Rwanda
RGDPLPRWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,025.14
Year-over-Year Change
73.27%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Rwanda's gross domestic product (GDP) per capita adjusted for purchasing power parity. It is a key indicator of a country's economic development 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 adjusts GDP to account for differences in the cost of living across countries, providing a more accurate comparison of living standards. This PPP-adjusted GDP per capita metric is widely used by economists and policymakers to evaluate economic performance and progress.
Methodology
The data is calculated based on growth rates of consumption, government consumption, and investment components of GDP.
Historical Context
Analysts and policymakers use this metric to assess Rwanda's economic development in relation to other countries.
Key Facts
- Rwanda's GDP per capita in 2021 was $2,251.
- Rwanda's GDP per capita has grown by over 5% annually since 2000.
- PPP-adjusted GDP provides a more accurate comparison of living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Rwanda's gross domestic product (GDP) per capita, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted GDP per capita metric is a key indicator of a country's economic development and living standards, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated based on growth rates of consumption, government consumption, and investment components of GDP.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Rwanda's economic development in relation to other countries and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may not fully capture short-term economic fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Rwanda (RGDPLPRWA625NUPN), retrieved from FRED.