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New Data: Kuwait - GDP - SA
Tuesday, 10 Sep 2019 15:28 ET
By Kelli Johnson
Summary
September 2019 -- To supplement the reported GDP series for Kuwait, Moody's Analytics has created seasonally adjusted counterparts (four new quarterly series, from 2010).
Detail

Motivation: Our pertinent national source, the Central Statistical Bureau of Kuwait, reports quarterly gross domestic product at current and constant prices, and gross domestic product for oil and non-oil sectors at constant prices, but only in not seasonally adjusted (NSA) terms.

Response: For analytical consistency, we have created counterparts for the above, at a seasonally adjusted annualized rate (SAAR).

Properties: Expect our SA series to be revised with each update to the NSA series. Supplemental series of this kind are identified by a secondary source citation of "Moody's Analytics Adjusted" or "Moody's Analytics Calculated".

  • Measurements: Millions of Kuwaiti dinar at current prices (Mil. KWD) or constant year-2010 prices (Mil. 2010 KWD)
  • Adjustment: Seasonally adjusted annualized rate (SAAR)
  • Geo coverage: Country
  • Native frequency: Quarterly
  • Start date: 2010Q1

The series reside in the historical catalog (Kuwait » National Accounts » by Value Added) and are:

  • NALSGDPAQ.IKWT    = National accounts: Production approach - GDP at market's value, (Mil. KWD, SAAR)
  • NACSGDPAQ.IKWT    = GDP at market's value, (Mil. 2010 KWD, SAAR)
  • NACSGDPOILAQ.IKWT = GDP - Oil and oil products sector, (Mil. 2010 KWD, SAAR)
  • NACSGDPNOLAQ.IKWT = GDP - Non-oil sectors, (Mil. 2010 KWD, SAAR)

Method

  1. Seasonally adjust three series using the U.S. Census Bureau's X-13 ARIMA program.
  2. Compute "GDP for non-oil sectors" as an identity, i.e., (GDP less "GDP for oil and oil products sector").

See also

Other
Related ReleaseEstimates of Quarterly Gross Domestic Product
SourceCentral Statistical Bureau
FrequencyQuarterly
GeographyKuwait
Upcoming
Release DateReference date
02 Dec 20193Q 2019