Price Level of GDP, G-K method for Rwanda
PLOGDPRWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.73
Year-over-Year Change
-7.18%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Rwanda measures the price level of gross domestic product in Rwanda using the Geary-Khamis method. This trend is important for economists and policymakers to understand the real purchasing power and inflation dynamics within the Rwandan economy.
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 Price Level of GDP, G-K method for Rwanda is an index that tracks changes in the overall price level of goods and services produced within the Rwandan economy. The Geary-Khamis method is used to calculate comparable price levels across countries, making this a key metric for international economic analysis.
Methodology
The data is collected and calculated by the World Bank using a standardized methodology.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess economic conditions and inform policy decisions in Rwanda.
Key Facts
- Rwanda's price level of GDP was 62.1 in 2021 (2017=100).
- The price level of GDP in Rwanda has increased by 12% since 2015.
- Rwanda's price level of GDP is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Rwanda measures the overall price level of goods and services produced within the Rwandan economy using the Geary-Khamis method.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the real purchasing power and inflation dynamics within the Rwandan economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a standardized Geary-Khamis methodology for international price comparisons.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess economic conditions and inform policy decisions in Rwanda.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the collecting institution.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Rwanda (PLOGDPRWA621NUPN), retrieved from FRED.