Annual GDP growth in Kuwait
Kuwait: Annual GDP growth was -2.6% in 2024. ◆ Volatile
Annual GDP growth in Kuwait, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
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 221st of 230 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.7% | — |
| 2001 | 0.2% | -95.5% |
| 2002 | 3.0% | +1312.9% |
| 2003 | 17.3% | +474.8% |
| 2004 | 10.2% | -40.9% |
| 2005 | 10.6% | +3.6% |
| 2006 | 7.5% | -29.2% |
| 2007 | 6.0% | -20.3% |
| 2008 | 2.5% | -58.6% |
| 2009 | -7.1% | -385.4% |
| 2010 | -2.4% | -66.5% |
| 2011 | 9.6% | -506.2% |
| 2012 | 6.6% | -31.2% |
| 2013 | 1.1% | -82.7% |
| 2014 | 0.5% | -56.4% |
| 2015 | 0.6% | +18.3% |
| 2016 | 2.9% | +393.6% |
| 2017 | -4.7% | -261.0% |
| 2018 | 2.7% | -158.2% |
| 2019 | 2.3% | -17.5% |
| 2020 | -4.8% | -312.8% |
| 2021 | 1.7% | -134.7% |
| 2022 | 6.8% | +304.2% |
| 2023 | -1.7% | -124.7% |
| 2024 | -2.6% | +53.6% |
Kuwait compared with similar countries
- Kuwait's -2.6% is below the median for high income countries, which is 2.1%. (80 countries reporting)
- Kuwait's -2.6% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.3%. (21 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +1312.9% | 0.2% | 3.0% |
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
- 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)
- SDRs holdings, US dollar, annual growth rate 5.56 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0284 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 916.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.517 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 668.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.97 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0124 units per US$ of GDP (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 221st out of 230 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.
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