Kuwait vs Latvia: Gross domestic income
Gross domestic income over time
- Kuwait
- Latvia
How they compare
Kuwait currently reports 36.28 billion constant LCU against 32.29 billion constant LCU in Latvia, a difference of 3.99 billion constant LCU.
That makes Kuwait's figure about 1.1 times Latvia's.
The two have swapped places 2 times across 15 shared years of data; in 2010 it was Kuwait ahead.
Kuwait ranks 142nd and Latvia ranks 143rd of 178 countries.
Kuwait has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Kuwait | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 36.35 billion constant LCU | 25.59 billion constant LCU | 10.76 billion constant LCU | Kuwait |
| 2020s | 35.94 billion constant LCU | 30.74 billion constant LCU | 5.20 billion constant LCU | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic income, Kuwait or Latvia?
- Kuwait, at 36.28 billion constant LCU against 32.29 billion constant LCU in Latvia as of 2024.
- What is the difference in gross domestic income between Kuwait and Latvia?
- 3.99 billion constant LCU, with Kuwait ahead.
- How many years of comparable data are there for Kuwait and Latvia?
- 15 years are reported by both, from 2010 to 2024.
- How do Kuwait and Latvia rank globally for gross domestic income?
- Kuwait ranks 142nd and Latvia ranks 143rd of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic income (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.