Final consumption expenditure in Kuwait
Kuwait: Final consumption expenditure was 67.4% in 2024. ▲ Rising
Final consumption expenditure in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, final consumption expenditure in Kuwait stood at 67.4%.
That represents a change of up 7.2% on the previous year and up 44.2% over ten years.
Over the whole period, final consumption expenditure in Kuwait peaked at 169.2% in 1991 and was at its lowest, 22.1%, in 1974.
Kuwait ranks 150th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Final consumption expenditure in Kuwait, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 39.7% | — |
| 1966 | 41.0% | +3.4% |
| 1967 | 47.6% | +16.1% |
| 1968 | 46.4% | -2.6% |
| 1969 | 46.3% | -0.1% |
| 1970 | 52.2% | +12.7% |
| 1971 | 42.9% | -17.7% |
| 1972 | 42.8% | -0.4% |
| 1973 | 40.7% | -4.8% |
| 1974 | 22.1% | -45.7% |
| 1975 | 32.8% | +48.4% |
| 1976 | 38.1% | +16.0% |
| 1977 | 48.1% | +26.3% |
| 1978 | 49.1% | +2.0% |
| 1979 | 37.2% | -24.2% |
| 1980 | 42.0% | +13.0% |
| 1981 | 52.4% | +24.6% |
| 1982 | 72.7% | +38.8% |
| 1983 | 65.4% | -9.9% |
| 1984 | 63.5% | -3.0% |
| 1985 | 70.2% | +10.6% |
| 1986 | 79.7% | +13.5% |
| 1987 | 67.0% | -15.9% |
| 1988 | 79.7% | +18.9% |
| 1989 | 76.7% | -3.8% |
| 1990 | 95.5% | +24.6% |
| 1991 | 169.2% | +77.2% |
| 1992 | 93.9% | -44.5% |
| 1993 | 79.3% | -15.5% |
| 1994 | 75.3% | -5.1% |
| 1995 | 74.9% | -0.6% |
| 1996 | 71.8% | -4.1% |
| 1997 | 73.1% | +1.8% |
| 1998 | 88.8% | +21.5% |
| 1999 | 78.9% | -11.1% |
| 2000 | 63.0% | -20.2% |
| 2001 | 69.9% | +11.0% |
| 2002 | 74.9% | +7.1% |
| 2003 | 65.7% | -12.2% |
| 2004 | 57.3% | -12.9% |
| 2005 | 47.9% | -16.4% |
| 2006 | 42.5% | -11.3% |
| 2007 | 44.4% | +4.7% |
| 2008 | 41.5% | -6.6% |
| 2009 | 52.0% | +25.1% |
| 2010 | 46.0% | -11.5% |
| 2011 | 39.1% | -15.0% |
| 2012 | 38.7% | -1.1% |
| 2013 | 41.5% | +7.3% |
| 2014 | 46.7% | +12.5% |
| 2015 | 65.7% | +40.7% |
| 2016 | 70.9% | +7.9% |
| 2017 | 67.7% | -4.5% |
| 2018 | 62.6% | -7.5% |
| 2019 | 64.6% | +3.1% |
| 2020 | 75.9% | +17.6% |
| 2021 | 64.1% | -15.6% |
| 2022 | 53.5% | -16.6% |
| 2023 | 62.9% | +17.6% |
| 2024 | 67.4% | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 44.2% | 39.7% | 47.6% | 5 |
| 1970s | 40.6% | 22.1% | 52.2% | 10 |
| 1980s | 66.9% | 42.0% | 79.7% | 10 |
| 1990s | 90.1% | 71.8% | 169.2% | 10 |
| 2000s | 55.9% | 41.5% | 74.9% | 10 |
| 2010s | 54.4% | 38.7% | 70.9% | 10 |
| 2020s | 64.7% | 53.5% | 75.9% | 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)
- GDP (constant 2015 US$), annual growth rate 2.73 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7725 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 24,963 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.73 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.2666 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 8,614 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -14.56 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3262 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Kuwait?
- Final consumption expenditure in Kuwait was 67.4% 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 169.2% in 1991.
- What is the lowest final consumption expenditure recorded in Kuwait?
- The lowest recorded value was 22.1% in 1974.
- How does Kuwait rank for final consumption expenditure?
- Kuwait ranks 150th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Kuwait?
- Over the last ten years it is up 44.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.