Kuwait - PPP conversion factor (GDP) to market exchange rate ratio

PPP conversion factor (GDP) to market exchange rate ratio in Kuwait was at 0.39253, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 kuwait ppp conversion factor gdp to market exchange rate ratio wb data




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Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.


Kuwait | Economy & Growth

GDP (current US$)
114041209704 USD
GDP (current LCU)
34315000000 LCU
GDP (constant 2000 US$)
139682484299 USD
GDP (constant LCU)
40033000000 LCU
GNI (current US$)
128875675626 USD
GNI (current LCU)
38778690796 LCU
GNI (constant 2000 US$)
153166652631 USD
GNI (constant LCU)
43897562644 LCU
Gross savings (current US$)
37222335163 USD
Gross savings (current LCU)
11200200651 LCU