Final consumption expenditure (current LCU) in Kuwait
Kuwait: Final consumption expenditure (current LCU) was 33.25 billion current LCU in 2024. ◆ Volatile
Latest (2024)
33.25 billion current LCU
Change on year
up 4.0%
World rank
155th
of 188 countries
All-time high
33.25 billion current LCU
in 2024
All-time low
297.00 million current LCU
in 1965
Years of data
60
1965–2024
Final consumption expenditure in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kuwait recorded 33.25 billion current LCU for final consumption expenditure in 2024. That is the highest value across all 60 years on record.
The figure is up 4.0% on the previous year and up 53.7% over ten years.
Over the whole period, final consumption expenditure in Kuwait peaked at 33.25 billion current LCU in 2024 and was at its lowest, 297.00 million current LCU, in 1965.
That places Kuwait 155th out of 188 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) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 297.00 million current LCU | — |
| 1966 | 350.00 million current LCU | +17.8% |
| 1967 | 415.00 million current LCU | +18.6% |
| 1968 | 441.00 million current LCU | +6.3% |
| 1969 | 458.00 million current LCU | +3.9% |
| 1970 | 535.60 million current LCU | +16.9% |
| 1971 | 593.30 million current LCU | +10.8% |
| 1972 | 626.00 million current LCU | +5.5% |
| 1973 | 653.30 million current LCU | +4.4% |
| 1974 | 842.90 million current LCU | +29.0% |
| 1975 | 1.14 billion current LCU | +35.8% |
| 1976 | 1.46 billion current LCU | +27.8% |
| 1977 | 1.95 billion current LCU | +33.3% |
| 1978 | 2.09 billion current LCU | +7.4% |
| 1979 | 2.54 billion current LCU | +21.5% |
| 1980 | 3.25 billion current LCU | +27.9% |
| 1981 | 3.66 billion current LCU | +12.4% |
| 1982 | 4.51 billion current LCU | +23.4% |
| 1983 | 3.98 billion current LCU | -11.8% |
| 1984 | 4.08 billion current LCU | +2.5% |
| 1985 | 4.53 billion current LCU | +11.0% |
| 1986 | 4.15 billion current LCU | -8.4% |
| 1987 | 4.18 billion current LCU | +0.8% |
| 1988 | 4.60 billion current LCU | +10.1% |
| 1989 | 5.48 billion current LCU | +19.0% |
| 1990 | 5.07 billion current LCU | -7.4% |
| 1991 | 5.30 billion current LCU | +4.5% |
| 1992 | 5.47 billion current LCU | +3.3% |
| 1993 | 5.74 billion current LCU | +4.9% |
| 1994 | 5.56 billion current LCU | -3.1% |
| 1995 | 6.07 billion current LCU | +9.3% |
| 1996 | 6.77 billion current LCU | +11.5% |
| 1997 | 6.73 billion current LCU | -0.6% |
| 1998 | 7.02 billion current LCU | +4.3% |
| 1999 | 7.24 billion current LCU | +3.1% |
| 2000 | 7.29 billion current LCU | +0.7% |
| 2001 | 7.48 billion current LCU | +2.6% |
| 2002 | 8.68 billion current LCU | +16.0% |
| 2003 | 9.38 billion current LCU | +8.1% |
| 2004 | 10.03 billion current LCU | +7.0% |
| 2005 | 11.29 billion current LCU | +12.6% |
| 2006 | 12.51 billion current LCU | +10.8% |
| 2007 | 14.48 billion current LCU | +15.7% |
| 2008 | 16.46 billion current LCU | +13.6% |
| 2009 | 15.85 billion current LCU | -3.7% |
| 2010 | 15.22 billion current LCU | -4.0% |
| 2011 | 16.64 billion current LCU | +9.3% |
| 2012 | 18.86 billion current LCU | +13.4% |
| 2013 | 20.51 billion current LCU | +8.8% |
| 2014 | 21.63 billion current LCU | +5.5% |
| 2015 | 22.66 billion current LCU | +4.8% |
| 2016 | 23.45 billion current LCU | +3.5% |
| 2017 | 24.79 billion current LCU | +5.7% |
| 2018 | 26.21 billion current LCU | +5.7% |
| 2019 | 27.61 billion current LCU | +5.3% |
| 2020 | 25.82 billion current LCU | -6.5% |
| 2021 | 28.68 billion current LCU | +11.1% |
| 2022 | 30.05 billion current LCU | +4.8% |
| 2023 | 31.95 billion current LCU | +6.3% |
| 2024 | 33.25 billion current LCU | +4.0% |
Kuwait compared with similar countries
- Kuwait's 33.25 billion current LCU is below the median for high income countries, which is 326.40 billion current LCU, 10% of the median. (67 countries reporting)
- Kuwait's 33.25 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.32 trillion current LCU, 3% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 392.20 million current LCU | 297.00 million current LCU | 458.00 million current LCU | 5 |
| 1970s | 1.24 billion current LCU | 535.60 million current LCU | 2.54 billion current LCU | 10 |
| 1980s | 4.24 billion current LCU | 3.25 billion current LCU | 5.48 billion current LCU | 10 |
| 1990s | 6.10 billion current LCU | 5.07 billion current LCU | 7.24 billion current LCU | 10 |
| 2000s | 11.35 billion current LCU | 7.29 billion current LCU | 16.46 billion current LCU | 10 |
| 2010s | 21.76 billion current LCU | 15.22 billion current LCU | 27.61 billion current LCU | 10 |
| 2020s | 29.95 billion current LCU | 25.82 billion current LCU | 33.25 billion current LCU | 5 |
Countries ranked near Kuwait
- 152 South Sudan 37.40 billion current LCU compare
- 153 El Salvador 35.88 billion current LCU compare
- 154 Latvia 34.65 billion current LCU compare
- 156 Seychelles 33.16 billion current LCU compare
- 157 Estonia 30.85 billion current LCU compare
- 158 Cyprus 27.40 billion current LCU compare
More economy & growth data for Kuwait
- Real gdp growth, annual growth rate 10.23 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.56 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0284 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 916.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.517 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 668.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.97 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Kuwait?
- Final consumption expenditure in Kuwait was 33.25 billion current 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 33.25 billion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Kuwait?
- The lowest recorded value was 297.00 million current LCU in 1965.
- How does Kuwait rank for final consumption expenditure?
- Kuwait ranks 155th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Kuwait?
- Over the last ten years it is up 53.7%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.