Expenditure-side Real GDP at Chained Purchasing Power Parities for Rwanda
RGDPESRWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,962.48
Year-over-Year Change
112.55%
Date Range
1/1/1960 - 1/1/2019
Summary
The Expenditure-side Real GDP at Chained Purchasing Power Parities for Rwanda measures the total economic output of Rwanda, adjusted for inflation and international price differences. This key indicator provides insights into the growth and development of 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
This metric represents Rwanda's real gross domestic product from the expenditure side, calculated using purchasing power parity (PPP) exchange rates. It offers a standardized measure of economic activity that enables cross-country comparisons and analysis of Rwanda's economic performance over time.
Methodology
The data is collected and calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Historical Context
Policymakers and analysts use this series to assess Rwanda's economic growth, make cross-country comparisons, and inform decision-making.
Key Facts
- Rwanda's real GDP grew by 5.1% in 2021.
- Rwanda's economy is largely driven by agriculture and services sectors.
- The country has experienced steady economic growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This metric measures Rwanda's real gross domestic product from the expenditure side, calculated using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This series provides a standardized measure of Rwanda's economic activity that enables cross-country comparisons and analysis of the country's economic performance over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household consumption, government consumption, gross capital formation, and net exports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess Rwanda's economic growth, make cross-country comparisons, and inform decision-making.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Rwanda (RGDPESRWA666NRUG), retrieved from FRED.