Final consumption expenditure in Kuwait
Kuwait: Final consumption expenditure was 108.41 billion current US$ in 2024. ◆ Volatile
Latest (2024)
108.41 billion current US$
Change on year
up 4.2%
World rank
63rd
of 188 countries
All-time high
108.41 billion current US$
in 2024
All-time low
831.60 million current US$
in 1965
Years of data
60
1965–2024
Final consumption expenditure in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, final consumption expenditure in Kuwait stood at 108.41 billion current US$. That is the highest value across all 60 years on record.
The figure is up 4.2% on the previous year and up 42.6% over ten years.
Over the whole period, final consumption expenditure in Kuwait peaked at 108.41 billion current US$ in 2024 and was at its lowest, 831.60 million current US$, in 1965.
That places Kuwait 63rd out of 188 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 831.60 million current US$ | — |
| 1966 | 980.00 million current US$ | +17.8% |
| 1967 | 1.16 billion current US$ | +18.6% |
| 1968 | 1.23 billion current US$ | +6.3% |
| 1969 | 1.28 billion current US$ | +3.9% |
| 1970 | 1.50 billion current US$ | +16.9% |
| 1971 | 1.67 billion current US$ | +11.1% |
| 1972 | 1.90 billion current US$ | +14.2% |
| 1973 | 2.20 billion current US$ | +15.8% |
| 1974 | 2.88 billion current US$ | +30.5% |
| 1975 | 3.95 billion current US$ | +37.2% |
| 1976 | 5.00 billion current US$ | +26.7% |
| 1977 | 6.80 billion current US$ | +36.0% |
| 1978 | 7.61 billion current US$ | +11.9% |
| 1979 | 9.21 billion current US$ | +20.9% |
| 1980 | 12.04 billion current US$ | +30.8% |
| 1981 | 13.12 billion current US$ | +9.0% |
| 1982 | 15.68 billion current US$ | +19.5% |
| 1983 | 13.66 billion current US$ | -12.9% |
| 1984 | 13.78 billion current US$ | +0.9% |
| 1985 | 15.06 billion current US$ | +9.3% |
| 1986 | 14.27 billion current US$ | -5.2% |
| 1987 | 15.00 billion current US$ | +5.1% |
| 1988 | 16.49 billion current US$ | +9.9% |
| 1989 | 18.64 billion current US$ | +13.1% |
| 1990 | 17.60 billion current US$ | -5.6% |
| 1991 | 18.63 billion current US$ | +5.9% |
| 1992 | 18.64 billion current US$ | +0.1% |
| 1993 | 18.99 billion current US$ | +1.9% |
| 1994 | 18.72 billion current US$ | -1.5% |
| 1995 | 20.35 billion current US$ | +8.7% |
| 1996 | 22.61 billion current US$ | +11.1% |
| 1997 | 22.19 billion current US$ | -1.9% |
| 1998 | 23.03 billion current US$ | +3.8% |
| 1999 | 23.78 billion current US$ | +3.2% |
| 2000 | 23.77 billion current US$ | -0.1% |
| 2001 | 24.40 billion current US$ | +2.7% |
| 2002 | 28.55 billion current US$ | +17.0% |
| 2003 | 31.47 billion current US$ | +10.2% |
| 2004 | 34.05 billion current US$ | +8.2% |
| 2005 | 38.67 billion current US$ | +13.6% |
| 2006 | 43.13 billion current US$ | +11.5% |
| 2007 | 50.95 billion current US$ | +18.1% |
| 2008 | 61.21 billion current US$ | +20.1% |
| 2009 | 55.08 billion current US$ | -10.0% |
| 2010 | 53.12 billion current US$ | -3.6% |
| 2011 | 60.28 billion current US$ | +13.5% |
| 2012 | 67.38 billion current US$ | +11.8% |
| 2013 | 72.34 billion current US$ | +7.4% |
| 2014 | 76.02 billion current US$ | +5.1% |
| 2015 | 75.33 billion current US$ | -0.9% |
| 2016 | 77.61 billion current US$ | +3.0% |
| 2017 | 81.73 billion current US$ | +5.3% |
| 2018 | 86.81 billion current US$ | +6.2% |
| 2019 | 90.95 billion current US$ | +4.8% |
| 2020 | 84.32 billion current US$ | -7.3% |
| 2021 | 95.06 billion current US$ | +12.7% |
| 2022 | 98.12 billion current US$ | +3.2% |
| 2023 | 104.03 billion current US$ | +6.0% |
| 2024 | 108.41 billion current US$ | +4.2% |
Kuwait compared with similar countries
- Kuwait's 108.41 billion current US$ is below the median for high income countries, which is 123.73 billion current US$, 88% of the median. (67 countries reporting)
- Kuwait's 108.41 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 61.99 billion current US$, 1.7× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.10 billion current US$ | 831.60 million current US$ | 1.28 billion current US$ | 5 |
| 1970s | 4.27 billion current US$ | 1.50 billion current US$ | 9.21 billion current US$ | 10 |
| 1980s | 14.77 billion current US$ | 12.04 billion current US$ | 18.64 billion current US$ | 10 |
| 1990s | 20.45 billion current US$ | 17.60 billion current US$ | 23.78 billion current US$ | 10 |
| 2000s | 39.13 billion current US$ | 23.77 billion current US$ | 61.21 billion current US$ | 10 |
| 2010s | 74.16 billion current US$ | 53.12 billion current US$ | 90.95 billion current US$ | 10 |
| 2020s | 97.99 billion current US$ | 84.32 billion current US$ | 108.41 billion current US$ | 5 |
Countries ranked near Kuwait
- 60 Uzbekistan 117.70 billion current US$ compare
- 61 Puerto Rico 111.79 billion current US$ compare
- 62 Ethiopia 109.64 billion current US$ compare
- 64 Bulgaria 103.73 billion current US$ compare
- 65 Dominican Republic 101.30 billion current US$ compare
- 66 Ecuador 98.45 billion current US$ 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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Kuwait?
- Final consumption expenditure in Kuwait was 108.41 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Kuwait?
- The highest recorded value was 108.41 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Kuwait?
- The lowest recorded value was 831.60 million current US$ in 1965.
- How does Kuwait rank for final consumption expenditure?
- Kuwait ranks 63rd 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 42.6%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 indicator is expressed in United States dollars.