Output-side Real GDP at chained Purchasing Power Parities for Kuwait
RGDPOSKWA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261,068.53
Year-over-Year Change
10.89%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Kuwait, adjusted for purchasing power parity (PPP). It provides a comprehensive indicator of 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 Output-side Real GDP at chained Purchasing Power Parities for Kuwait tracks the total value of all goods and services produced within the Kuwaiti economy, with adjustments made to account for differences in price levels across countries. This metric allows for more accurate international comparisons of economic activity and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts information and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Kuwait's economic performance and competitiveness within the global marketplace.
Key Facts
- Kuwait's real GDP at PPP was $302.8 billion in 2021.
- Kuwait's real GDP per capita at PPP was $70,850 in 2021.
- Kuwait's economy is heavily dependent on oil exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within the Kuwaiti economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate international comparisons of economic activity and living standards, providing valuable insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used to analyze Kuwait's economic performance and competitiveness within the global marketplace, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Kuwait (RGDPOSKWA666NRUG), retrieved from FRED.