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

65,754 (international dollars) in 2017

In 2017, GDP per capita based on PPP for Kuwait was 65,754 international dollars. Though Kuwait GDP per capita based on PPP fluctuated substantially in recent years, it tended to increase through 1998 - 2017 period ending at 65,754 international dollars in 2017.

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What is GDP per capita based on PPP?

GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. 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 per capita based on PPP?

Date Value Change, %
2017 65,754 -4.17 %
2016 68,616 2.18 %
2015 67,153 -4.66 %
2014 70,434 -1.22 %
2013 71,301 -0.11 %
2012 71,380 6.77 %
2011 66,853 9.72 %
2010 60,932 -3.91 %
2009 63,412 -7.53 %
2008 68,573 3.19 %
2007 66,452 1.90 %
2006 65,211