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

306.44 (billion international dollars) in 2018

In 2018, GDP based on PPP for Kuwait was 306.44 billion international dollars. GDP based on PPP of Kuwait increased from 107.13 billion international dollars in 1999 to 306.44 billion international dollars in 2018 growing at an average annual rate of 5.86 %.

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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, %
2018 306.44 4.03 %
2017 294.56 -1.65 %
2016 299.49 4.05 %
2015 287.83 1.67 %
2014 283.10 2.40 %
2013 276.47 2.93 %
2012 268.61 8.67 %
2011 247.18 11.92 %
2010 220.85 -1.23 %
2009 223.61 -6.37 %
2008 238.82 4.47 %
2007 228.59

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