Final consumption expenditure (current LCU), annual growth rate in Kuwait
Kuwait: Final consumption expenditure (current LCU), annual growth rate was 4.05 % change on previous year in 2024. ◆ Volatile
Latest (2024)
4.05 % change on previous year
Change on year
down 36.1%
World rank
154th
of 187 countries
All-time high
35.76 % change on previous year
in 1975
All-time low
-11.82 % change on previous year
in 1983
Years of data
59
1966–2024
Final consumption expenditure (current LCU), annual growth rate in Kuwait, 1966–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for final consumption expenditure (current lcu), annual growth rate in Kuwait is 4.05 % change on previous year, measured in 2024.
Compared with earlier readings it is down 36.1% on the previous year and down 25.7% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Kuwait peaked at 35.76 % change on previous year in 1975 and was at its lowest, -11.82 % change on previous year, in 1983.
That places Kuwait 154th out of 187 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU), annual growth rate in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1966 | 17.85 % change on previous year | — |
| 1967 | 18.57 % change on previous year | +4.1% |
| 1968 | 6.27 % change on previous year | -66.3% |
| 1969 | 3.85 % change on previous year | -38.5% |
| 1970 | 16.94 % change on previous year | +339.5% |
| 1971 | 10.77 % change on previous year | -36.4% |
| 1972 | 5.51 % change on previous year | -48.8% |
| 1973 | 4.36 % change on previous year | -20.9% |
| 1974 | 29.02 % change on previous year | +565.5% |
| 1975 | 35.76 % change on previous year | +23.2% |
| 1976 | 27.77 % change on previous year | -22.3% |
| 1977 | 33.3 % change on previous year | +19.9% |
| 1978 | 7.41 % change on previous year | -77.7% |
| 1979 | 21.52 % change on previous year | +190.3% |
| 1980 | 27.88 % change on previous year | +29.5% |
| 1981 | 12.41 % change on previous year | -55.5% |
| 1982 | 23.44 % change on previous year | +88.9% |
| 1983 | -11.82 % change on previous year | -150.4% |
| 1984 | 2.49 % change on previous year | -121.1% |
| 1985 | 11.01 % change on previous year | +342.3% |
| 1986 | -8.42 % change on previous year | -176.5% |
| 1987 | 0.7537 % change on previous year | -109.0% |
| 1988 | 10.08 % change on previous year | +1237.7% |
| 1989 | 19.05 % change on previous year | +88.9% |
| 1990 | -7.44 % change on previous year | -139.1% |
| 1991 | 4.5 % change on previous year | -160.4% |
| 1992 | 3.27 % change on previous year | -27.3% |
| 1993 | 4.86 % change on previous year | +48.6% |
| 1994 | -3.09 % change on previous year | -163.6% |
| 1995 | 9.26 % change on previous year | -399.8% |
| 1996 | 11.47 % change on previous year | +23.8% |
| 1997 | -0.5879 % change on previous year | -105.1% |
| 1998 | 4.3 % change on previous year | -832.2% |
| 1999 | 3.12 % change on previous year | -27.4% |
| 2000 | 0.7087 % change on previous year | -77.3% |
| 2001 | 2.64 % change on previous year | +271.8% |
| 2002 | 15.96 % change on previous year | +505.8% |
| 2003 | 8.09 % change on previous year | -49.3% |
| 2004 | 6.97 % change on previous year | -13.9% |
| 2005 | 12.55 % change on previous year | +80.0% |
| 2006 | 10.82 % change on previous year | -13.8% |
| 2007 | 15.72 % change on previous year | +45.3% |
| 2008 | 13.64 % change on previous year | -13.2% |
| 2009 | -3.67 % change on previous year | -126.9% |
| 2010 | -3.96 % change on previous year | +7.7% |
| 2011 | 9.28 % change on previous year | -334.3% |
| 2012 | 13.38 % change on previous year | +44.2% |
| 2013 | 8.76 % change on previous year | -34.5% |
| 2014 | 5.45 % change on previous year | -37.8% |
| 2015 | 4.77 % change on previous year | -12.5% |
| 2016 | 3.46 % change on previous year | -27.4% |
| 2017 | 5.73 % change on previous year | +65.5% |
| 2018 | 5.74 % change on previous year | +0.1% |
| 2019 | 5.33 % change on previous year | -7.0% |
| 2020 | -6.48 % change on previous year | -221.6% |
| 2021 | 11.05 % change on previous year | -270.4% |
| 2022 | 4.79 % change on previous year | -56.6% |
| 2023 | 6.34 % change on previous year | +32.3% |
| 2024 | 4.05 % change on previous year | -36.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.63 % change on previous year | 3.85 % change on previous year | 18.57 % change on previous year | 4 |
| 1970s | 19.24 % change on previous year | 4.36 % change on previous year | 35.76 % change on previous year | 10 |
| 1980s | 8.69 % change on previous year | -11.82 % change on previous year | 27.88 % change on previous year | 10 |
| 1990s | 2.97 % change on previous year | -7.44 % change on previous year | 11.47 % change on previous year | 10 |
| 2000s | 8.34 % change on previous year | -3.67 % change on previous year | 15.96 % change on previous year | 10 |
| 2010s | 5.79 % change on previous year | -3.96 % change on previous year | 13.38 % change on previous year | 10 |
| 2020s | 3.95 % change on previous year | -6.48 % change on previous year | 11.05 % change on previous year | 5 |
Countries ranked near Kuwait
- 151 Cyprus 4.1 % change on previous year compare
- 152 Bermuda 4.08 % change on previous year compare
- 153 Puerto Rico 4.05 % change on previous year compare
- 155 China 4.01 % change on previous year compare
- 156 Estonia 3.99 % change on previous year compare
- 157 Papua New Guinea 3.88 % 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 (current lcu), annual growth rate in Kuwait?
- Final consumption expenditure (current lcu), annual growth rate in Kuwait was 4.05 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Kuwait?
- The highest recorded value was 35.76 % change on previous year in 1975.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Kuwait?
- The lowest recorded value was -11.82 % change on previous year in 1983.
- How does Kuwait rank for final consumption expenditure (current lcu), annual growth rate?
- Kuwait ranks 154th out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Kuwait?
- Over the last ten years it is down 25.7%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.