An error occured. Details Hide
You have unsaved pages. Restore Cancel

Kuwait - Gross domestic product based on purchasing-power-parity in current prices

289.68 (billion international dollars) in 2017

In 2017, GDP based on PPP for Kuwait was 289.68 billion international dollars. GDP based on PPP of Kuwait increased from 106.27 billion international dollars in 1998 to 289.68 billion international dollars in 2017 growing at an average annual rate of 5.61 %.

The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›

What is GDP based on PPP?

GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

What is Kuwait GDP based on PPP?

Date Value Change, %
2017 289.68 -1.50 %
2016 294.09 3.31 %
2015 284.66 0.05 %
2014 284.50 2.53 %
2013 277.50 2.13 %
2012 271.72 9.93 %
2011 247.18 13.25 %
2010 218.26 -1.23 %
2009 220.99 -6.37 %
2008 236.01 4.47 %
2007 225.91 8.84 %
2006 207.56