Output-side Real GDP at chained Purchasing Power Parities for Rwanda
RGDPOSRWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,783.22
Year-over-Year Change
114.68%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real output-side gross domestic product (GDP) of Rwanda, adjusted for purchasing power parity (PPP). It provides insights into the overall size and growth of Rwanda's 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
Output-side real GDP at chained PPPs is a key metric for evaluating the productive capacity and living standards of an economy. It accounts for differences in price levels between countries to enable cross-country comparisons of economic output.
Methodology
The data is calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to assess Rwanda's economic performance and competitiveness within the region.
Key Facts
- Rwanda's output-side real GDP at PPP was $24.3 billion in 2021.
- Rwanda's real GDP grew by 5.1% in 2021 after contracting in 2020.
- Rwanda has the 4th largest economy in the East African Community.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real (inflation-adjusted) gross domestic product of Rwanda, converted to international dollars using purchasing power parity rates.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for cross-country comparisons of economic output and living standards, providing insights into Rwanda's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Rwanda's economic competitiveness, growth, and living standards relative to other countries in the region.
Q: Are there update delays or limitations?
A: There can be lags of up to 2 years in the availability of this data, and the underlying national accounts information may have certain limitations.
Related Trends
Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Rwanda (RGDPOSRWA666NRUG), retrieved from FRED.