Final consumption expenditure (constant LCU), per unit of GDP in Kuwait
Kuwait: Final consumption expenditure (constant LCU), per unit of GDP was 0.1462 constant LCU per US$ of GDP in 2024. ▲ Rising
Final consumption expenditure (constant LCU), per unit of GDP in Kuwait, 2010–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2024, final consumption expenditure (constant lcu), per unit of gdp in Kuwait stood at 0.1462 constant LCU per US$ of GDP.
Compared with earlier readings it is up 5.3% on the previous year and up 24.9% over ten years.
Over the whole period, final consumption expenditure (constant lcu), per unit of gdp in Kuwait peaked at 0.1827 constant LCU per US$ of GDP in 2020 and was at its lowest, 0.1009 constant LCU per US$ of GDP, in 2012.
Kuwait ranks 177th of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Final consumption expenditure (constant LCU), per unit of GDP in Kuwait, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2010 | 0.1319 constant LCU per US$ of GDP | — |
| 2011 | 0.1033 constant LCU per US$ of GDP | -21.6% |
| 2012 | 0.1009 constant LCU per US$ of GDP | -2.3% |
| 2013 | 0.1065 constant LCU per US$ of GDP | +5.5% |
| 2014 | 0.1171 constant LCU per US$ of GDP | +9.9% |
| 2015 | 0.1687 constant LCU per US$ of GDP | +44.1% |
| 2016 | 0.1784 constant LCU per US$ of GDP | +5.7% |
| 2017 | 0.1665 constant LCU per US$ of GDP | -6.6% |
| 2018 | 0.152 constant LCU per US$ of GDP | -8.7% |
| 2019 | 0.1562 constant LCU per US$ of GDP | +2.8% |
| 2020 | 0.1827 constant LCU per US$ of GDP | +16.9% |
| 2021 | 0.148 constant LCU per US$ of GDP | -19.0% |
| 2022 | 0.1213 constant LCU per US$ of GDP | -18.0% |
| 2023 | 0.1388 constant LCU per US$ of GDP | +14.5% |
| 2024 | 0.1462 constant LCU per US$ of GDP | +5.3% |
Kuwait compared with similar countries
- Kuwait's 0.1462 constant LCU per US$ of GDP is below the median for high income countries, which is 0.6821 constant LCU per US$ of GDP, 21% of the median. (61 countries reporting)
- Kuwait's 0.1462 constant LCU per US$ of GDP is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.2 constant LCU per US$ of GDP, 3% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1381 constant LCU per US$ of GDP | 0.1009 constant LCU per US$ of GDP | 0.1784 constant LCU per US$ of GDP | 10 |
| 2020s | 0.1474 constant LCU per US$ of GDP | 0.1213 constant LCU per US$ of GDP | 0.1827 constant LCU per US$ of GDP | 5 |
Countries ranked near Kuwait
- 174 Azerbaijan 0.1945 constant LCU per US$ of GDP
- 175 Bahrain 0.1727 constant LCU per US$ of GDP compare
- 176 Venezuela 0.1687 constant LCU per US$ of GDP 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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure (constant lcu), per unit of gdp in Kuwait?
- Final consumption expenditure (constant lcu), per unit of gdp in Kuwait was 0.1462 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant lcu), per unit of gdp recorded in Kuwait?
- The highest recorded value was 0.1827 constant LCU per US$ of GDP in 2020.
- What is the lowest final consumption expenditure (constant lcu), per unit of gdp recorded in Kuwait?
- The lowest recorded value was 0.1009 constant LCU per US$ of GDP in 2012.
- How does Kuwait rank for final consumption expenditure (constant lcu), per unit of gdp?
- Kuwait ranks 177th out of 177 countries with data for 2024.
- Is final consumption expenditure (constant lcu), per unit of gdp rising or falling in Kuwait?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Final consumption expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Final consumption expenditure (constant LCU) ÷ GDP (current US$)
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Final consumption expenditure (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.