Kuwait KW: GDP: USD: Gross National Income per Capita: Atlas Method

Kuwait KW: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 31,430.000 USD in 2017. This records a decrease from the previous number of 34,890.000 USD for 2016. Kuwait KW: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 18,850.000 USD from Dec 1967 (Median) to 2017, with 46 observations. The data reached an all-time high of 51,990.000 USD in 2013 and a record low of 3,330.000 USD in 1970. Kuwait KW: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Kuwait – Table KW.World Bank: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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What was Kuwait's Kuwait KW: GDP: USD: Gross National Income per Capita: Atlas Method in 2016?

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