In 2025 Kuwait would be at 9th among highest GDP countries #kuwait #q8

September 14, 20142 Comments

bAccording to the Economist Intelligence Unit, In 2025 Kuwait would be at 9th among highest GDP countries.

What is GDP ?
The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period – you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year.

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  1. This looks to be GDP per head of population. In terms of total GDP Kuwait has a GDP of about $183 billion, as compared to the USA at $13 trillion, China $9 trillion and the major European countries have $2-$3 trillion each. Non of these do to well in your graph as they have much larger populations. But, you could conclude individual Kuwaitis are richer than individuals in these countries, assuming the wealth is shared evenly amongst everyone

  2. This looks to be GDP per head of population. In terms of total GDP Kuwait has a GDP of about $183 billion, as compared to the USA at $13 trillion, China $9 trillion and the major European countries have $2-$3 trillion each. Non of these do to well in your graph as they have much larger populations. But, you could conclude individual Kuwaitis are richer than individuals in these countries, assuming the wealth is shared evenly amongst everyone

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