Kuwait - GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Kuwait was 34,290 as of 2018. Over the past 23 years, the value for this indicator has fluctuated between 53,050 in 2013 and 16,870 in 1999.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 20,520
1996 20,870
1997 21,480
1998 19,680
1999 16,870
2000 17,980
2001 18,670
2002 18,930
2003 22,600
2004 28,100
2005 34,560
2006 41,480
2007 47,580
2008 51,710
2009 45,300
2010 42,160
2011 43,840
2012 50,650
2013 53,050
2014 50,750
2015 42,530
2016 36,880
2017 31,660
2018 34,290

Statistical Concept and Methodology: The World Bank uses Atlas method GNI per capita in U.S. dollars to classify countries for analytical purposes and to determine borrowing eligibility. For more information, see the metadata for Atlas method GNI in current U.S. dollars (NY.GNP.ATLS.CD) and total population (SP.POP.TOTL).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts