Output-side Real GDP at Current Purchasing Power Parities for Uganda
CGDPOSUGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,851.23
Year-over-Year Change
91.39%
Date Range
1/1/1950 - 1/1/2019
Summary
The Output-side Real GDP at Current Purchasing Power Parities for Uganda measures the total inflation-adjusted economic output of Uganda, adjusted for differences in purchasing power across 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
This metric represents the real GDP of Uganda calculated using purchasing power parity (PPP) exchange rates, which account for price level differences between countries. It is a key indicator of the overall size and performance of the Ugandan economy.
Methodology
The data is calculated by the World Bank using a range of economic indicators and price surveys.
Historical Context
Policymakers and analysts use this metric to assess Uganda's economic development and competitiveness compared to other countries.
Key Facts
- Uganda's output-side real GDP in 2021 was $41.4 billion.
- Uganda's economy has grown by an average of 5.3% per year over the past decade.
- Uganda ranks 31st globally in terms of output-side real GDP at PPP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Uganda adjusted for differences in purchasing power across countries, providing a more accurate comparison of living standards and economic size.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding Uganda's economic performance and competitiveness on the global stage, and for making cross-country comparisons of living standards and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a range of economic indicators and comprehensive price surveys across countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Uganda's economic development, set growth targets, and evaluate the country's competitiveness compared to other nations.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not fully capture rapid economic changes within Uganda.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Uganda (CGDPOSUGA666NRUG), retrieved from FRED.