Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kuwait
RGDPLPKWA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,244.18
Year-over-Year Change
0.05%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic indicator measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Kuwait, derived from growth rates of consumption, government spending, and investment.
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 is a useful metric for comparing living standards and economic productivity across countries, as it accounts for differences in price levels. This data series provides insights into Kuwait's economic development and standard of living.
Methodology
The data is calculated by the World Bank using a Laspeyres index formula.
Historical Context
Policymakers and analysts use this metric to assess Kuwait's economic performance and competitiveness.
Key Facts
- Kuwait's PPP-adjusted GDP per capita was $69,798 in 2021.
- Kuwait's GDP per capita is one of the highest in the world.
- The PPP adjustment accounts for differences in price levels between countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the purchasing power parity (PPP) adjusted gross domestic product (GDP) per capita for Kuwait, which accounts for differences in price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a useful metric for comparing living standards and economic productivity across countries, providing insights into Kuwait's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Kuwait's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with potential lags in availability.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Kuwait (RGDPLPKWA625NUPN), retrieved from FRED.