Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Uganda
PGDPUSUGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.78
Year-over-Year Change
25.69%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Uganda's Gross Domestic Product (GDP) per capita adjusted for purchasing power parity (PPP) relative to the United States. It provides insights into the standard of living and economic development in Uganda compared to the U.S.
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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the output of goods and services produced in Uganda to the U.S., adjusting for differences in the cost of living between the two countries. This allows for more accurate cross-country comparisons of economic activity and well-being.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Historical Context
This trend is useful for policymakers, international organizations, and analysts comparing the relative economic performance and development of Uganda and the United States.
Key Facts
- Uganda's GDP per capita is approximately 4% of the U.S. level.
- Uganda's relative GDP per capita has remained stable over the past decade.
- Comparing countries using PPP-adjusted GDP provides a more accurate picture of living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures Uganda's Gross Domestic Product (GDP) per capita adjusted for purchasing power parity (PPP) relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic activity and living standards by accounting for differences in the cost of living between Uganda and the U.S.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers, international organizations, and analysts comparing the relative economic performance and development of Uganda and the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying GDP and PPP information for Uganda and the United States.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Uganda (PGDPUSUGA621NUPN), retrieved from FRED.