Gross Domestic Product Per Capita for Rwanda
PCAGDPRWA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
999.65
Year-over-Year Change
41.43%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Per Capita for Rwanda is a key economic indicator that measures the total economic output of the country divided by its population. It provides insight into the country's overall 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
The GDP Per Capita for Rwanda represents the total value of goods and services produced in the country, adjusted for the size of the population. It is a widely used metric for assessing a country's economic performance and comparing living standards across nations.
Methodology
The data is collected and calculated by the World Bank using national accounts and population data.
Historical Context
Policy makers and economists use this metric to evaluate Rwanda's economic progress and inform policy decisions.
Key Facts
- Rwanda's GDP per capita was $785 in 2021.
- Rwanda's GDP per capita has grown by over 250% since 2000.
- Rwanda is classified as a low-income country by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Per Capita for Rwanda measures the total economic output of the country divided by its population, providing insight into the country's overall standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric for assessing a country's economic performance and comparing living standards across nations. It is relevant for policymakers, economists, and analysts seeking to understand Rwanda's economic progress and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Rwanda's economic progress and inform policy decisions related to economic growth, development, and improving the standard of living.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in the most recent year's figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Rwanda (PCAGDPRWA646NWDB), retrieved from FRED.