![]() ![]() With picturesque views and a modern design incorporating Islamic patterns, the Towers are popular among tourists and locals alike. At the time of construction in the 1970s, the Amir envisioned an attractive design for the sixth location of Kuwait’s water towers. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.Piercing through the clouds, the iconic Kuwait Towers could be overlooked as a purely decorative element in the city’s skyline, but they serve an important and practical purpose as one of the country’s six water reservoirs. 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). To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. ![]() 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. ![]() GNI, calculated in national currency, is usually converted to U.S. 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. ![]() dollars using the World Bank Atlas method, divided by the midyear population. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. ![]()
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