Expenditure-side Real GDP at Current Purchasing Power Parities for Kuwait
CGDPESKWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,497.70
Year-over-Year Change
9.16%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Kuwait, adjusted for differences in purchasing power across countries. It provides a comprehensive gauge of Kuwait's economic output and standard of living 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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a key measure of a country's economic activity and development. It accounts for differences in price levels between countries, enabling more accurate comparisons of living standards and productivity across economies.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze Kuwait's economic performance and make cross-country comparisons.
Key Facts
- Kuwait's 2021 expenditure-side real GDP at current PPPs was $304 billion.
- Kuwait's real GDP per capita at current PPPs was $71,305 in 2021.
- Kuwait's economy is heavily dependent on oil exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Kuwait, adjusted for differences in purchasing power across countries. It provides a comprehensive gauge of Kuwait's economic output and standard of living relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and international institutions to analyze Kuwait's economic performance and make cross-country comparisons of living standards and productivity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to analyze Kuwait's economic performance and make cross-country comparisons that inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Kuwait (CGDPESKWA666NRUG), retrieved from FRED.