Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kuwait
PGDPUSKWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.04
Year-over-Year Change
77.16%
Date Range
1/1/1986 - 1/1/2010
Summary
This trend measures Kuwait's GDP per capita adjusted for purchasing power parity relative to the United States. It provides insight into the comparative living standards and economic development between the two 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 purchasing power parity (PPP) converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. This series uses the Geary-Khamis (G-K) method to calculate the PPP conversion factor.
Methodology
The data is collected and calculated by the World Bank using established PPP conversion techniques.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze relative economic performance and development.
Key Facts
- Kuwait's GDP per capita is 2.5 times that of the United States.
- Kuwait has the 4th highest GDP per capita in the world.
- Kuwait's economy is heavily dependent on oil exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures Kuwait's GDP per capita adjusted for purchasing power parity (PPP) relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the comparative living standards and economic development between Kuwait and the United States.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established PPP conversion techniques.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze relative economic performance and development.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Kuwait (PGDPUSKWA621NUPN), retrieved from FRED.