Purchasing Power Parity Converted GDP Chain per worker for Rwanda
RGDPWORWA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,083.36
Year-over-Year Change
62.80%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Rwanda measures the economic productivity of the Rwandan labor force. This metric is important for assessing the country's economic development and competitiveness.
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 series represents the inflation-adjusted GDP per worker in Rwanda, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of economic output than nominal GDP per capita.
Methodology
The data is calculated by the Conference Board using national accounts and labor force data.
Historical Context
Policymakers and analysts use this metric to evaluate Rwanda's economic performance and productivity.
Key Facts
- Rwanda's GDP per worker has tripled since 2000.
- Rwanda ranks 123rd globally in GDP per worker.
- Productivity growth is a key driver of Rwanda's economic development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted GDP per worker in Rwanda, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides a more accurate comparison of economic output than nominal GDP per capita, making it useful for assessing Rwanda's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board using national accounts and labor force data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Rwanda's economic performance and productivity, which is important for informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and labor force data from Rwanda.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Rwanda (RGDPWORWA627NUPN), retrieved from FRED.