GDP (constant LCU) (UNICEF) in Kuwait
Kuwait: GDP (constant LCU) (UNICEF) was 40.33 billion in 2024. ▲ Rising
Latest (2024)
40.33 billion
Change on year
down 2.6%
World rank
57th
of 74 countries
All-time high
42.10 billion
in 2022
All-time low
6.91 billion
in 1991
Years of data
55
1970–2024
GDP in Kuwait, 1970–2024
Source: UNICEF.
Analysis
The most recent figure for gdp in Kuwait is 40.33 billion, measured in 2024.
That represents a change of down 2.6% on the previous year and up 2.6% over ten years.
Over the whole period, gdp in Kuwait peaked at 42.10 billion in 2022 and was at its lowest, 6.91 billion, in 1991.
That places Kuwait 57th out of 74 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
GDP (constant LCU) (UNICEF) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 19.15 billion | — |
| 1971 | 20.50 billion | +7.0% |
| 1972 | 21.30 billion | +3.9% |
| 1973 | 19.90 billion | -6.6% |
| 1974 | 17.31 billion | -13.0% |
| 1975 | 15.19 billion | -12.3% |
| 1976 | 16.19 billion | +6.6% |
| 1977 | 15.57 billion | -3.8% |
| 1978 | 16.72 billion | +7.4% |
| 1979 | 19.04 billion | +13.9% |
| 1980 | 15.34 billion | -19.4% |
| 1981 | 12.44 billion | -18.9% |
| 1982 | 10.98 billion | -11.7% |
| 1983 | 11.85 billion | +7.9% |
| 1984 | 12.47 billion | +5.2% |
| 1985 | 11.94 billion | -4.3% |
| 1986 | 12.96 billion | +8.6% |
| 1987 | 14.02 billion | +8.1% |
| 1988 | 12.61 billion | -10.1% |
| 1989 | 15.87 billion | +25.9% |
| 1990 | 11.71 billion | -26.2% |
| 1991 | 6.91 billion | -41.0% |
| 1992 | 12.63 billion | +82.8% |
| 1993 | 16.92 billion | +34.0% |
| 1994 | 18.35 billion | +8.4% |
| 1995 | 19.24 billion | +4.9% |
| 1996 | 19.36 billion | +0.6% |
| 1997 | 19.83 billion | +2.5% |
| 1998 | 20.56 billion | +3.7% |
| 1999 | 20.19 billion | -1.8% |
| 2000 | 21.14 billion | +4.7% |
| 2001 | 21.19 billion | +0.2% |
| 2002 | 21.82 billion | +3.0% |
| 2003 | 25.61 billion | +17.3% |
| 2004 | 28.23 billion | +10.2% |
| 2005 | 31.22 billion | +10.6% |
| 2006 | 33.57 billion | +7.5% |
| 2007 | 35.58 billion | +6.0% |
| 2008 | 36.46 billion | +2.5% |
| 2009 | 33.88 billion | -7.1% |
| 2010 | 33.08 billion | -2.4% |
| 2011 | 36.26 billion | +9.6% |
| 2012 | 38.67 billion | +6.6% |
| 2013 | 39.11 billion | +1.1% |
| 2014 | 39.31 billion | +0.5% |
| 2015 | 39.54 billion | +0.6% |
| 2016 | 40.70 billion | +2.9% |
| 2017 | 38.78 billion | -4.7% |
| 2018 | 39.84 billion | +2.7% |
| 2019 | 40.75 billion | +2.3% |
| 2020 | 38.78 billion | -4.8% |
| 2021 | 39.43 billion | +1.7% |
| 2022 | 42.10 billion | +6.8% |
| 2023 | 41.39 billion | -1.7% |
| 2024 | 40.33 billion | -2.6% |
Kuwait compared with similar countries
- Kuwait's 40.33 billion is below the median for high income countries, which is 445.69 billion, 9% of the median. (42 countries reporting)
- Kuwait's 40.33 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 679.88 billion, 6% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU) (UNICEF) in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +82.8% | 6.91 billion | 12.63 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.09 billion | 15.19 billion | 21.30 billion | 10 |
| 1980s | 13.05 billion | 10.98 billion | 15.87 billion | 10 |
| 1990s | 16.57 billion | 6.91 billion | 20.56 billion | 10 |
| 2000s | 28.87 billion | 21.14 billion | 36.46 billion | 10 |
| 2010s | 38.60 billion | 33.08 billion | 40.75 billion | 10 |
| 2020s | 40.41 billion | 38.78 billion | 42.10 billion | 5 |
Countries ranked near Kuwait
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 gdp in Kuwait?
- Gdp in Kuwait was 40.33 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Kuwait?
- The highest recorded value was 42.10 billion in 2022.
- What is the lowest gdp recorded in Kuwait?
- The lowest recorded value was 6.91 billion in 1991.
- How does Kuwait rank for gdp?
- Kuwait ranks 57th out of 74 countries with data for 2024.
- Is gdp rising or falling in Kuwait?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
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