Real GDP at Constant National Prices for Uganda
RGDPNAUGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,112.75
Year-over-Year Change
98.83%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Uganda at constant national prices. It is a key indicator of the overall health and growth of the Ugandan 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
Real GDP at constant national prices tracks the total value of all goods and services produced within Uganda, adjusted for inflation. It is widely used by economists, policymakers, and investors to assess the country's economic performance and development.
Methodology
The data is collected and calculated by the Uganda Bureau of Statistics using established national accounting methodologies.
Historical Context
This trend informs economic and fiscal policy decisions in Uganda and provides important context for global investors and development organizations.
Key Facts
- Uganda's real GDP grew by 3.5% in 2021.
- Agriculture accounts for over 20% of Uganda's real GDP.
- Uganda's economy is dominated by services, which make up nearly half of real GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Uganda, adjusted for inflation. It is a key indicator of the country's overall economic performance and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP at constant national prices is a widely used metric that informs economic and policy decisions in Uganda. It provides important context for investors, development organizations, and analysts tracking the country's economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Uganda Bureau of Statistics using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers in Uganda to assess the overall health of the economy and inform fiscal and monetary policy decisions. It also provides crucial context for global investors and development organizations working in the country.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the Uganda Bureau of Statistics must collect and process the underlying information. Additionally, the constant-price measurement may not fully capture all economic activity in the informal sector.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Uganda (RGDPNAUGA666NRUG), retrieved from FRED.