Final consumption expenditure (constant 2015 US$), annual growth rate in Kuwait
Kuwait: Final consumption expenditure (constant 2015 US$), annual growth rate was 2.43 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant 2015 US$), annual growth rate in Kuwait, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for final consumption expenditure (constant 2015 us$), annual growth rate in Kuwait is 2.43 % change on previous year, measured in 2024.
That represents a change of down 24.1% on the previous year and down 7.7% over ten years.
Over the whole period, final consumption expenditure (constant 2015 us$), annual growth rate in Kuwait peaked at 10.35 % change on previous year in 2012 and was at its lowest, -7.82 % change on previous year, in 2020.
Kuwait ranks 110th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (constant 2015 US$), annual growth rate in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 4.57 % change on previous year | — |
| 2012 | 10.35 % change on previous year | +126.5% |
| 2013 | 5.59 % change on previous year | -46.0% |
| 2014 | 2.64 % change on previous year | -52.9% |
| 2015 | 1.53 % change on previous year | -41.8% |
| 2016 | 0.9522 % change on previous year | -38.0% |
| 2017 | 2.98 % change on previous year | +212.6% |
| 2018 | 4.86 % change on previous year | +63.1% |
| 2019 | 4.42 % change on previous year | -8.9% |
| 2020 | -7.82 % change on previous year | -276.8% |
| 2021 | 8.22 % change on previous year | -205.2% |
| 2022 | 1.4 % change on previous year | -83.0% |
| 2023 | 3.2 % change on previous year | +129.0% |
| 2024 | 2.43 % change on previous year | -24.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.21 % change on previous year | 0.9522 % change on previous year | 10.35 % change on previous year | 9 |
| 2020s | 1.49 % change on previous year | -7.82 % change on previous year | 8.22 % change on previous year | 5 |
Countries ranked near Kuwait
- 107 Sierra Leone 2.54 % change on previous year compare
- 108 Congo, Democratic Republic of the 2.48 % change on previous year compare
- 109 Latvia 2.44 % change on previous year compare
- 111 Bosnia and Herzegovina 2.42 % change on previous year compare
- 112 Mauritius 2.39 % change on previous year compare
- 113 Dominican Republic 2.37 % change on previous year compare
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)
- Households and NPISHs Final consumption expenditure (current LCU) 5.46 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 0.1275 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 4,190 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.56 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3371 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 11,077 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 4.22 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.6738 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure (constant 2015 us$), annual growth rate in Kuwait?
- Final consumption expenditure (constant 2015 us$), annual growth rate in Kuwait was 2.43 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant 2015 us$), annual growth rate recorded in Kuwait?
- The highest recorded value was 10.35 % change on previous year in 2012.
- What is the lowest final consumption expenditure (constant 2015 us$), annual growth rate recorded in Kuwait?
- The lowest recorded value was -7.82 % change on previous year in 2020.
- How does Kuwait rank for final consumption expenditure (constant 2015 us$), annual growth rate?
- Kuwait ranks 110th out of 172 countries with data for 2024.
- Is final consumption expenditure (constant 2015 us$), annual growth rate rising or falling in Kuwait?
- Over the last ten years it is down 7.7%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.