Adjusted savings: natural resources depletion in Kuwait
Kuwait: Adjusted savings: natural resources depletion was 8.7% in 2019. ◆ Volatile
Adjusted savings: natural resources depletion in Kuwait, 1970–2019
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Kuwait recorded 8.7% for adjusted savings: natural resources depletion in 2019.
That represents a change of down 13.3% on the previous year and up 12.0% over ten years.
Over the whole period, adjusted savings: natural resources depletion in Kuwait peaked at 26.5% in 1974 and was at its lowest, 0.3%, in 1991.
Kuwait ranks 34th of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: natural resources depletion in Kuwait, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 16.8% | — |
| 1971 | 19.2% | +14.0% |
| 1972 | 23.9% | +24.6% |
| 1973 | 24.3% | +1.5% |
| 1974 | 26.5% | +9.3% |
| 1975 | 16.6% | -37.6% |
| 1976 | 17.1% | +3.0% |
| 1977 | 14.4% | -15.7% |
| 1978 | 14.9% | +3.7% |
| 1980 | 13.3% | -10.7% |
| 1981 | 5.7% | -57.4% |
| 1982 | 3.0% | -46.8% |
| 1983 | 5.1% | +70.3% |
| 1984 | 4.3% | -15.7% |
| 1985 | 2.8% | -34.6% |
| 1986 | 2.2% | -21.2% |
| 1987 | 1.9% | -15.0% |
| 1988 | 2.4% | +27.2% |
| 1989 | 3.2% | +33.6% |
| 1990 | 2.3% | -27.6% |
| 1991 | 0.3% | -89.0% |
| 1992 | 2.4% | +825.7% |
| 1993 | 6.4% | +170.2% |
| 1994 | 6.5% | +2.1% |
| 1995 | 6.2% | -5.4% |
| 1996 | 7.1% | +14.4% |
| 1997 | 6.7% | -6.0% |
| 1998 | 4.8% | -27.7% |
| 1999 | 5.5% | +15.0% |
| 2000 | 8.9% | +60.8% |
| 2001 | 7.6% | -14.4% |
| 2002 | 6.4% | -15.2% |
| 2003 | 7.8% | +21.0% |
| 2004 | 9.2% | +18.3% |
| 2005 | 11.3% | +22.0% |
| 2006 | 10.6% | -5.6% |
| 2007 | 10.0% | -6.0% |
| 2008 | 11.7% | +17.5% |
| 2009 | 7.8% | -33.7% |
| 2010 | 9.5% | +21.9% |
| 2011 | 13.1% | +37.6% |
| 2012 | 14.2% | +8.5% |
| 2013 | 13.5% | -4.8% |
| 2014 | 12.5% | -7.1% |
| 2015 | 8.5% | -32.2% |
| 2016 | 7.6% | -11.0% |
| 2017 | 7.9% | +4.5% |
| 2018 | 10.1% | +27.3% |
| 2019 | 8.7% | -13.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.3% | 14.4% | 26.5% | 9 |
| 1980s | 4.4% | 1.9% | 13.3% | 10 |
| 1990s | 4.8% | 0.3% | 7.1% | 10 |
| 2000s | 9.1% | 6.4% | 11.7% | 10 |
| 2010s | 10.5% | 7.6% | 14.2% | 10 |
Countries ranked near Kuwait
- 31 Chile 9.4% compare
- 32 Kyrgyzstan 9.2% compare
- 33 Qatar 8.8% compare
- 35 Uganda 8.6% compare
- 36 New Caledonia 8.6% compare
- 37 South Sudan 8.5% compare
More economy & growth data for Kuwait
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.61 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 18,724 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate -0.5262 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.8248 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 27,099 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate -0.6859 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.253 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 8,311 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -2.57 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: natural resources depletion in Kuwait?
- Adjusted savings: natural resources depletion in Kuwait was 8.7% in 2019, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: natural resources depletion recorded in Kuwait?
- The highest recorded value was 26.5% in 1974.
- What is the lowest adjusted savings: natural resources depletion recorded in Kuwait?
- The lowest recorded value was 0.3% in 1991.
- How does Kuwait rank for adjusted savings: natural resources depletion?
- Kuwait ranks 34th out of 184 countries with data for 2019.
- Is adjusted savings: natural resources depletion rising or falling in Kuwait?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: natural resources depletion (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Natural resource depletion is the sum of net forest depletion, energy depletion, and mineral depletion. Net forest depletion is unit resource rents times the excess of roundwood harvest over natural growth. Energy depletion is the ratio of the value of the stock of energy resources to the remaining reserve lifetime (capped at 25 years). It covers coal, crude oil, and natural gas. Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.