Purchasing Power Parity over GDP for Uganda
PPPTTLUGA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
843.56
Year-over-Year Change
56.25%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Uganda measures the ratio of a country's purchasing power parity to its nominal GDP. This provides insights into the real purchasing power of a country'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
Purchasing power parity (PPP) is an economic theory that estimates the relative value of different currencies based on their purchasing power. The PPP over GDP ratio compares a country's PPP to its nominal GDP, offering a gauge of its economic competitiveness and living standards.
Methodology
The data is calculated by the World Bank using a basket of goods and services to determine relative purchasing power.
Historical Context
Policymakers and economists use this metric to evaluate a country's economic performance and potential for growth.
Key Facts
- Uganda's PPP over GDP ratio was 0.618 in 2018.
- A higher PPP over GDP ratio indicates greater purchasing power within a country.
- Comparing PPP over GDP ratios can reveal differences in living standards between countries.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity over GDP for Uganda measures the ratio of the country's purchasing power parity to its nominal GDP, providing insights into its economic competitiveness and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating a country's economic performance and potential for growth, as it offers a gauge of its real purchasing power and living standards compared to its nominal GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a basket of goods and services to determine relative purchasing power.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess a country's economic competitiveness and living standards, which can inform policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent information.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Uganda (PPPTTLUGA618NUPN), retrieved from FRED.