Annual GDP growth in Kuwait
Kuwait: Annual GDP growth was -2.6% in 2024. β Volatile
Latest (2024)
-2.6%
Change on year
down 53.6%
World rank
191st
of 197 countries
All-time high
17.3%
in 2003
All-time low
-7.1%
in 2009
Years of data
25
2000β2024
Annual GDP growth in Kuwait, 2000β2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Kuwait recorded -2.6% for annual gdp growth in 2024.
The figure is down 53.6% on the previous year and down 611.1% over ten years.
Over the whole period, annual gdp growth in Kuwait peaked at 17.3% in 2003 and was at its lowest, -7.1%, in 2009.
Kuwait ranks 191st of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | -7.1% | 17.3% | 10 |
| 2010s | 1.9% | -4.7% | 9.6% | 10 |
| 2020s | -0.1% | -4.8% | 6.8% | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- Gdp worldbank constant usd, annual growth rate 2.73 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7725 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 24,963 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0 units per person (2025)
- External balance on goods and services as a percent of gdp 17.52 (2024)
- Inflation of consumer prices 2.36 (2025)
- Gdp per capita worldbank constant usd 24,963 (2025)
- Manufacturing value added to gdp 7.74 (2025)
- Gdp worldbank constant usd 121.45 billion (2025)
Frequently asked questions
- What is annual gdp growth in Kuwait?
- Annual gdp growth in Kuwait was -2.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Kuwait?
- The highest recorded value was 17.3% in 2003.
- What is the lowest annual gdp growth recorded in Kuwait?
- The lowest recorded value was -7.1% in 2009.
- How does Kuwait rank for annual gdp growth?
- Kuwait ranks 191st out of 197 countries with data for 2024.
- Is annual gdp growth rising or falling in Kuwait?
- Over the last ten years it is down 611.1%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).