Final consumption expenditure in Kuwait
Kuwait: Final consumption expenditure was 23.53 billion constant LCU in 2024. ▲ Rising
Final consumption expenditure in Kuwait, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Kuwait recorded 23.53 billion constant LCU for final consumption expenditure in 2024. That is the highest value across all 15 years on record.
The figure is up 2.4% on the previous year and up 23.6% over ten years.
Over the whole period, final consumption expenditure in Kuwait peaked at 23.53 billion constant LCU in 2024 and was at its lowest, 15.22 billion constant LCU, in 2010.
That places Kuwait 147th out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Final consumption expenditure in Kuwait, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | 15.22 billion constant LCU | — |
| 2011 | 15.92 billion constant LCU | +4.6% |
| 2012 | 17.57 billion constant LCU | +10.4% |
| 2013 | 18.55 billion constant LCU | +5.6% |
| 2014 | 19.04 billion constant LCU | +2.6% |
| 2015 | 19.33 billion constant LCU | +1.5% |
| 2016 | 19.51 billion constant LCU | +1.0% |
| 2017 | 20.10 billion constant LCU | +3.0% |
| 2018 | 21.07 billion constant LCU | +4.9% |
| 2019 | 22.00 billion constant LCU | +4.4% |
| 2020 | 20.28 billion constant LCU | -7.8% |
| 2021 | 21.95 billion constant LCU | +8.2% |
| 2022 | 22.26 billion constant LCU | +1.4% |
| 2023 | 22.97 billion constant LCU | +3.2% |
| 2024 | 23.53 billion constant LCU | +2.4% |
Kuwait compared with similar countries
- Kuwait's 23.53 billion constant LCU is below the median for high income countries, which is 277.24 billion constant LCU, 8% of the median. (61 countries reporting)
- Kuwait's 23.53 billion constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 864.26 billion constant LCU, 3% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.83 billion constant LCU | 15.22 billion constant LCU | 22.00 billion constant LCU | 10 |
| 2020s | 22.20 billion constant LCU | 20.28 billion constant LCU | 23.53 billion constant LCU | 5 |
Countries ranked near Kuwait
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 in Kuwait?
- Final consumption expenditure in Kuwait was 23.53 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Kuwait?
- The highest recorded value was 23.53 billion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in Kuwait?
- The lowest recorded value was 15.22 billion constant LCU in 2010.
- How does Kuwait rank for final consumption expenditure?
- Kuwait ranks 147th out of 177 countries with data for 2024.
- Is final consumption expenditure rising or falling in Kuwait?
- Over the last ten years it is up 23.6%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.