Constant GDP per capita for Rwanda
NYGDPPCAPKDRWA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,070.45
Year-over-Year Change
64.22%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Rwanda is a key economic indicator that measures the total economic output per person in the country, adjusted for inflation. It provides insights into the standard of living and economic development of Rwanda.
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
The Constant GDP per capita for Rwanda is a measure of a country's economic productivity and standard of living. It reflects the total economic output divided by the total population, with adjustments made to account for changes in prices over time. This metric is widely used by economists and policymakers to assess a country's economic progress and compare it to other nations.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
Policymakers and international organizations use this metric to evaluate Rwanda's economic performance and guide policy decisions.
Key Facts
- Rwanda's Constant GDP per capita was $787 in 2021.
- The metric has grown by an average of 3.8% annually over the past decade.
- Rwanda aims to become an upper-middle-income country by 2035 based on this indicator.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Rwanda measures the total economic output per person in the country, adjusted for inflation. It provides insights into the standard of living and economic development of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess Rwanda's economic progress and compare it to other nations. It is a key indicator of a country's economic productivity and standard of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate Rwanda's economic performance and guide policy decisions aimed at promoting economic development and improving living standards.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, with a delay of about a year. There may be some limitations in data collection or adjustments for price changes in certain sectors.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Rwanda (NYGDPPCAPKDRWA), retrieved from FRED.