Annual gdp growth in Kuwait
Kuwait: Annual gdp growth was -2.56 in 2024. ◆ Volatile
Annual gdp growth in Kuwait, 2000–2024
Source: Our World in Data.
Analysis
Kuwait recorded -2.56 for annual gdp growth in 2024.
That represents a change of down 53.3% on the previous year and down 612.0% over ten years.
Over the whole period, annual gdp growth in Kuwait peaked at 17.33 in 2003 and was at its lowest, -7.08, in 2009.
Kuwait ranks 204th of 212 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 | 4.69 | — |
| 2001 | 0.21 | -95.5% |
| 2002 | 3.01 | +1333.3% |
| 2003 | 17.33 | +475.7% |
| 2004 | 10.24 | -40.9% |
| 2005 | 10.61 | +3.6% |
| 2006 | 7.51 | -29.2% |
| 2007 | 5.99 | -20.2% |
| 2008 | 2.48 | -58.6% |
| 2009 | -7.08 | -385.5% |
| 2010 | -2.37 | -66.5% |
| 2011 | 9.63 | -506.3% |
| 2012 | 6.63 | -31.2% |
| 2013 | 1.15 | -82.7% |
| 2014 | 0.5 | -56.5% |
| 2015 | 0.59 | +18.0% |
| 2016 | 2.93 | +396.6% |
| 2017 | -4.71 | -260.8% |
| 2018 | 2.74 | -158.2% |
| 2019 | 2.26 | -17.5% |
| 2020 | -4.82 | -313.3% |
| 2021 | 1.67 | -134.6% |
| 2022 | 6.76 | +304.8% |
| 2023 | -1.67 | -124.7% |
| 2024 | -2.56 | +53.3% |
Kuwait compared with similar countries
- Kuwait's -2.56 is below the median for high income countries, which is 2.14. (83 countries reporting)
- Kuwait's -2.56 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.27. (23 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 | +1333.3% | 0.21 | 3.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5 | -7.08 | 17.33 | 10 |
| 2010s | 1.94 | -4.71 | 9.63 | 10 |
| 2020s | -0.124 | -4.82 | 6.76 | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- Real gdp growth, annual growth rate 10.23 % change on previous year (2024)
- 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)
Frequently asked questions
- What is annual gdp growth in Kuwait?
- Annual gdp growth in Kuwait was -2.56 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Kuwait?
- The highest recorded value was 17.33 in 2003.
- What is the lowest annual gdp growth recorded in Kuwait?
- The lowest recorded value was -7.08 in 2009.
- How does Kuwait rank for annual gdp growth?
- Kuwait ranks 204th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Kuwait?
- Over the last ten years it is down 612.0%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
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