Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Kuwait
RGDPL2KWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,667.28
Year-over-Year Change
5.96%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Kuwait, derived from growth rates of domestic absorption. It provides insights into the country's economic output and living standards relative to other nations.
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 Converted GDP Per Capita (Laspeyres) for Kuwait is an important indicator used by economists and policymakers to compare the economic output and living standards of different countries on an internationally comparable basis. It adjusts for differences in price levels across countries to present a more accurate picture of real incomes.
Methodology
The data is calculated by the World Bank using the Laspeyres index method based on growth rates of domestic absorption.
Historical Context
This trend is widely used to assess economic performance and inform policy decisions related to trade, investment, and development.
Key Facts
- Kuwait's 2021 GDP per capita (PPP) was $57,850.
- Kuwait ranks 13th globally in GDP per capita (PPP).
- The PPP adjustment accounts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Kuwait, which adjusts the country's economic output to account for differences in domestic price levels compared to other nations.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key metric used by economists and policymakers to compare living standards and economic performance across countries on an internationally comparable basis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres index method based on growth rates of domestic absorption.
Q: How is this trend used in economic policy?
A: This trend is widely used to assess economic performance and inform policy decisions related to trade, investment, and development.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological changes of the World Bank, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Kuwait (RGDPL2KWA625NUPN), retrieved from FRED.