Annual GDP growth in Kuwait
Kuwait: Annual GDP growth was -3.6% in 2023. ◆ Volatile
Latest (2023)
-3.6%
Change on year
down 162.1%
World rank
203rd
of 211 countries
All-time high
17.3%
in 2003
All-time low
-7.1%
in 2009
Years of data
24
2000–2023
Annual GDP growth in Kuwait, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Kuwait recorded -3.6% for annual gdp growth in 2023.
That represents a change of down 162.1% on the previous year and down 416.5% 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 203rd of 211 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% | 5.9% | 4 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- External balance on goods and services as a percent of GDP 17.5% (2024)
- Inflation of consumer prices 2.4% (2025)
- GDP per capita 24,963 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 7.7% (2025)
- Gross domestic product (GDP) 121.45 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 24,963 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Kuwait?
- Annual gdp growth in Kuwait was -3.6% in 2023, according to World Bank – processed by Our World in Data.
- 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 203rd out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Kuwait?
- Over the last ten years it is down 416.5%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)