GDP in Kuwait
Kuwait: GDP was 40.33 billion in 2024. β² 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
1970β2024
GDP in Kuwait, 1970β2024
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.
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
- 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)
- Taxes less subsidies on products (current LCU), annual growth rate 4.34 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP -0.023 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita -742.6 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 2.39 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.4182 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 0.3054 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 3.27 (2025)
- Gdp worldbank constant usd, annual growth rate 2.73 % 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.
Download this data
CSV Β· JSON β 55 observations, free to reuse under UNICEF Terms of Use (attribution required).