Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Uganda
PPCGDPUGA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,292.81
Year-over-Year Change
84.72%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the Purchasing Power Parity (PPP) converted GDP per capita for Uganda, using the Geary-Khamis (G-K) method and current prices. It provides insight into the relative standard of living and economic productivity in Uganda compared to other countries.
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 allows GDP to be compared across countries by adjusting for differences in price levels, providing a more accurate picture of living standards. The G-K method is a widely used PPP calculation approach. This trend is a key indicator for evaluating Uganda's economic development and living standards relative to the global economy.
Methodology
The data is collected by the World Bank using household surveys and national accounts.
Historical Context
Policymakers and analysts use this metric to assess Uganda's economic performance and make international comparisons.
Key Facts
- Uganda's 2021 PPP-adjusted GDP per capita was $2,206.
- Uganda's PPP GDP per capita is about 5% of the U.S. level.
- PPP conversion adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted GDP per capita for Uganda, using the Geary-Khamis (G-K) method and current prices. It provides a more accurate picture of Uganda's living standards and economic productivity compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator for evaluating Uganda's economic development and living standards relative to the global economy. Policymakers and analysts use it to assess Uganda's economic performance and make international comparisons.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank using household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Uganda's economic performance and make international comparisons, which informs economic policy and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Uganda (PPCGDPUGA620NUPN), retrieved from FRED.