Output-side Real GDP at Current Purchasing Power Parities for Rwanda
CGDPOSRWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,869.24
Year-over-Year Change
115.06%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the real gross domestic product (GDP) of Rwanda based on current purchasing power parity (PPP) exchange rates. It provides a standardized measure of the size and growth of the Rwandan economy 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
The Output-side Real GDP at Current Purchasing Power Parities for Rwanda tracks the total inflation-adjusted value of all goods and services produced within Rwanda's borders. It allows for cross-country comparisons of economic activity and living standards by accounting for price level differences between countries.
Methodology
The data is calculated by the World Bank using national accounts information and PPP exchange rates.
Historical Context
This metric is widely used by economists, policymakers, and international institutions to analyze Rwanda's economic performance and development.
Key Facts
- Rwanda's real GDP based on PPP was $24.75 billion in 2021.
- Rwanda's real GDP per capita based on PPP was $1,957 in 2021.
- Rwanda's real GDP grew by 10.2% in 2021 after contracting 3.3% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Rwanda, adjusting for differences in purchasing power across countries to allow for international comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a standardized measure of the size and growth of the Rwandan economy, enabling economists and policymakers to analyze its performance and development relative to other countries.
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 (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This metric is widely used by international institutions, governments, and analysts to assess Rwanda's economic growth, living standards, and development policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Rwanda (CGDPOSRWA666NRUG), retrieved from FRED.