Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Uganda
RGDPL2UGA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,120.62
Year-over-Year Change
43.85%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Uganda, derived from growth rates of domestic absorption. It provides insights into the country's economic development and living standards relative to other nations.
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 (Laspeyres) metric adjusts Uganda's GDP per capita to account for differences in the cost of living, allowing for more accurate cross-country comparisons. This data is widely used by economists and policymakers to evaluate economic performance and living standards.
Methodology
The data is calculated by the World Bank using growth rates of domestic absorption and other macroeconomic indicators.
Historical Context
This trend is relevant for understanding Uganda's economic progress and informing policy decisions related to economic development.
Key Facts
- Uganda's GDP per capita in 2021 was $2,174.
- Uganda's economy has grown by an average of 4.5% annually over the past decade.
- PPP-adjusted GDP per capita is a better measure of living standards than nominal GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Uganda, which adjusts the country's GDP per capita to account for differences in the cost of living.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate assessment of Uganda's economic performance and living standards compared to other countries, which is useful for economists, policymakers, and analysts evaluating the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using growth rates of domestic absorption and other macroeconomic indicators.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform decisions related to economic development, trade, and living standards in Uganda.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the most recent data being available.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Uganda (RGDPL2UGA625NUPN), retrieved from FRED.