Final consumption expenditure (constant LCU), annual growth rate in Kuwait
Kuwait: Final consumption expenditure (constant LCU), annual growth rate was 2.43 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant LCU), annual growth rate in Kuwait, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Kuwait recorded 2.43 % change on previous year for final consumption expenditure (constant lcu), annual growth rate in 2024.
The figure is down 24.1% on the previous year and down 7.7% over ten years.
Over the whole period, final consumption expenditure (constant lcu), 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 112th of 176 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 LCU), 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 | 0.9524 % change on previous year | -37.9% |
| 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 | -9.0% |
| 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% |
Kuwait compared with similar countries
- Kuwait's 2.43 % change on previous year is above the median for high income countries, which is 2.02 % change on previous year, 1.2× the median. (61 countries reporting)
- Kuwait's 2.43 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.21 % change on previous year, 76% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.21 % change on previous year | 0.9524 % 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
- 109 Sierra Leone 2.54 % change on previous year compare
- 110 Democratic Republic of Congo 2.48 % change on previous year compare
- 111 Latvia 2.44 % change on previous year compare
- 113 Bosnia and Herzegovina 2.42 % change on previous year compare
- 114 Mauritius 2.39 % change on previous year compare
- 115 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.99 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.019 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 614.43 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 413.09 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0026 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.91 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure (constant lcu), annual growth rate in Kuwait?
- Final consumption expenditure (constant lcu), 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 lcu), 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 lcu), 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 lcu), annual growth rate?
- Kuwait ranks 112th out of 176 countries with data for 2024.
- Is final consumption expenditure (constant lcu), 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 LCU), 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 LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.