Adjusted savings: net national savings in Kuwait
Kuwait: Adjusted savings: net national savings was 20.8% in 2019. ◆ Volatile
Adjusted savings: net national savings in Kuwait, 1975–2019
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Kuwait recorded 20.8% for adjusted savings: net national savings in 2019.
That represents a change of down 25.7% on the previous year and down 35.6% over ten years.
Over the whole period, adjusted savings: net national savings in Kuwait peaked at 59.8% in 1976 and was at its lowest, -168.4%, in 1991.
Kuwait ranks 32nd of 177 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: net national savings in Kuwait, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 59.4% | — |
| 1976 | 59.8% | +0.7% |
| 1977 | 46.6% | -22.1% |
| 1978 | 48.0% | +3.0% |
| 1979 | 59.8% | +24.4% |
| 1980 | 56.7% | -5.1% |
| 1981 | 52.2% | -8.0% |
| 1982 | 34.1% | -34.6% |
| 1983 | 37.3% | +9.4% |
| 1984 | 38.7% | +3.5% |
| 1985 | 31.0% | -19.8% |
| 1986 | 34.6% | +11.5% |
| 1987 | 36.2% | +4.8% |
| 1988 | 30.7% | -15.1% |
| 1989 | 33.8% | +9.9% |
| 1990 | 8.7% | -74.3% |
| 1991 | -168.4% | -2042.4% |
| 1992 | 11.9% | -107.1% |
| 1993 | 20.6% | +73.0% |
| 1994 | 20.5% | -0.7% |
| 1995 | 25.2% | +23.1% |
| 1996 | 28.8% | +14.2% |
| 1997 | 29.9% | +3.6% |
| 1998 | 15.2% | -49.2% |
| 1999 | 21.6% | +42.6% |
| 2000 | 36.5% | +69.0% |
| 2001 | 25.7% | -29.7% |
| 2002 | 16.2% | -36.9% |
| 2003 | 25.1% | +54.8% |
| 2004 | 38.0% | +51.4% |
| 2005 | 47.3% | +24.7% |
| 2006 | 54.5% | +15.1% |
| 2007 | 46.2% | -15.2% |
| 2008 | 48.9% | +5.8% |
| 2009 | 32.3% | -33.9% |
| 2010 | 40.4% | +24.9% |
| 2011 | 48.0% | +19.0% |
| 2012 | 48.1% | +0.0% |
| 2013 | 45.2% | -6.0% |
| 2014 | 39.9% | -11.6% |
| 2015 | 20.1% | -49.6% |
| 2016 | 14.6% | -27.5% |
| 2017 | 23.1% | +58.6% |
| 2018 | 28.0% | +20.9% |
| 2019 | 20.8% | -25.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 54.8% | 46.6% | 59.8% | 5 |
| 1980s | 38.5% | 30.7% | 56.7% | 10 |
| 1990s | 1.4% | -168.4% | 29.9% | 10 |
| 2000s | 37.1% | 16.2% | 54.5% | 10 |
| 2010s | 32.8% | 14.6% | 48.1% | 10 |
Countries ranked near Kuwait
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)
- Exports of goods and services (current LCU), annual growth rate -6.19 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.171 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 5,618 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate -3.2 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.366 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 12,026 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate -10.36 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.1675 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: net national savings in Kuwait?
- Adjusted savings: net national savings in Kuwait was 20.8% in 2019, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Kuwait?
- The highest recorded value was 59.8% in 1976.
- What is the lowest adjusted savings: net national savings recorded in Kuwait?
- The lowest recorded value was -168.4% in 1991.
- How does Kuwait rank for adjusted savings: net national savings?
- Kuwait ranks 32nd out of 177 countries with data for 2019.
- Is adjusted savings: net national savings rising or falling in Kuwait?
- Over the last ten years it is down 35.6%. 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: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.