Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Rwanda
PPCGDPRWA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,225.83
Year-over-Year Change
119.11%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Rwanda, using the Geary-Khamis (G-K) method at current prices. It provides insights into the economic well-being and productivity of the Rwandan population.
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 PPP-converted GDP per capita metric adjusts the standard GDP per capita figure to account for differences in purchasing power across countries, enabling more accurate comparisons of living standards. The G-K method is a widely used technique for calculating these PPP conversions.
Methodology
The data is collected by the World Bank using household surveys and national accounts data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to evaluate economic development and living standards across countries.
Key Facts
- Rwanda's PPP-adjusted GDP per capita was $2,250 in 2021.
- Rwanda's GDP per capita has grown by over 5% annually since 2015.
- Rwanda ranks 158th globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita for Rwanda, using the Geary-Khamis (G-K) method at current prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic well-being across countries by adjusting for differences in purchasing power. It is widely used by economists, policymakers, and international organizations.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank using household surveys and national accounts data, and the PPP conversion is performed using the Geary-Khamis (G-K) method.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and international organizations to evaluate economic development, living standards, and productivity across countries, informing policy decisions and comparisons.
Q: Are there update delays or limitations?
A: The data is subject to the availability of household surveys and national accounts information, which can result in periodic update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Rwanda (PPCGDPRWA620NUPN), retrieved from FRED.