GDP (current LCU) (UNICEF) in Kuwait
Kuwait: GDP (current LCU) (UNICEF) was 49.14 billion in 2024. ◆ Volatile
Latest (2024)
49.14 billion
Change on year
down 3.3%
World rank
60th
of 74 countries
All-time high
56.20 billion
in 2022
All-time low
653.00 million
in 1962
Years of data
63
1962–2024
GDP in Kuwait, 1962–2024
Source: UNICEF.
Analysis
The most recent figure for gdp in Kuwait is 49.14 billion, measured in 2024.
Compared with earlier readings it is down 3.3% on the previous year and up 6.2% over ten years.
Over the whole period, gdp in Kuwait peaked at 56.20 billion in 2022 and was at its lowest, 653.00 million, in 1962.
Kuwait ranks 60th of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNICEF) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 653.00 million | — |
| 1963 | 679.00 million | +4.0% |
| 1964 | 740.00 million | +9.0% |
| 1965 | 749.00 million | +1.2% |
| 1966 | 854.00 million | +14.0% |
| 1967 | 872.00 million | +2.1% |
| 1968 | 951.00 million | +9.1% |
| 1969 | 989.00 million | +4.0% |
| 1970 | 1.03 billion | +3.8% |
| 1971 | 1.38 billion | +34.6% |
| 1972 | 1.46 billion | +5.9% |
| 1973 | 1.60 billion | +9.6% |
| 1974 | 3.81 billion | +137.7% |
| 1975 | 3.49 billion | -8.5% |
| 1976 | 3.84 billion | +10.1% |
| 1977 | 4.05 billion | +5.5% |
| 1978 | 4.26 billion | +5.3% |
| 1979 | 6.84 billion | +60.4% |
| 1980 | 7.74 billion | +13.2% |
| 1981 | 6.99 billion | -9.8% |
| 1982 | 6.21 billion | -11.1% |
| 1983 | 6.08 billion | -2.1% |
| 1984 | 6.42 billion | +5.6% |
| 1985 | 6.45 billion | +0.4% |
| 1986 | 5.20 billion | -19.3% |
| 1987 | 6.23 billion | +19.8% |
| 1988 | 5.77 billion | -7.4% |
| 1989 | 7.14 billion | +23.7% |
| 1990 | 5.31 billion | -25.7% |
| 1991 | 3.13 billion | -41.0% |
| 1992 | 5.83 billion | +86.2% |
| 1993 | 7.23 billion | +24.1% |
| 1994 | 7.38 billion | +2.1% |
| 1995 | 8.11 billion | +9.9% |
| 1996 | 9.43 billion | +16.2% |
| 1997 | 9.21 billion | -2.4% |
| 1998 | 7.91 billion | -14.1% |
| 1999 | 9.17 billion | +16.0% |
| 2000 | 11.57 billion | +26.2% |
| 2001 | 10.70 billion | -7.5% |
| 2002 | 11.59 billion | +8.3% |
| 2003 | 14.27 billion | +23.1% |
| 2004 | 17.52 billion | +22.8% |
| 2005 | 23.59 billion | +34.7% |
| 2006 | 29.47 billion | +24.9% |
| 2007 | 32.58 billion | +10.6% |
| 2008 | 39.62 billion | +21.6% |
| 2009 | 30.50 billion | -23.0% |
| 2010 | 33.08 billion | +8.5% |
| 2011 | 42.51 billion | +28.5% |
| 2012 | 48.72 billion | +14.6% |
| 2013 | 49.39 billion | +1.4% |
| 2014 | 46.28 billion | -6.3% |
| 2015 | 34.47 billion | -25.5% |
| 2016 | 33.06 billion | -4.1% |
| 2017 | 36.61 billion | +10.8% |
| 2018 | 41.87 billion | +14.4% |
| 2019 | 42.77 billion | +2.2% |
| 2020 | 34.01 billion | -20.5% |
| 2021 | 44.75 billion | +31.6% |
| 2022 | 56.20 billion | +25.6% |
| 2023 | 50.80 billion | -9.6% |
| 2024 | 49.14 billion | -3.3% |
Kuwait compared with similar countries
- Kuwait's 49.14 billion is below the median for high income countries, which is 528.44 billion, 9% of the median. (42 countries reporting)
- Kuwait's 49.14 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.20 trillion, 4% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where GDP (current 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 |
|---|---|---|---|
| 1974 | +137.7% | 1.60 billion | 3.81 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 810.88 million | 653.00 million | 989.00 million | 8 |
| 1970s | 3.18 billion | 1.03 billion | 6.84 billion | 10 |
| 1980s | 6.42 billion | 5.20 billion | 7.74 billion | 10 |
| 1990s | 7.27 billion | 3.13 billion | 9.43 billion | 10 |
| 2000s | 22.14 billion | 10.70 billion | 39.62 billion | 10 |
| 2010s | 40.88 billion | 33.06 billion | 49.39 billion | 10 |
| 2020s | 46.98 billion | 34.01 billion | 56.20 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 49.14 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Kuwait?
- The highest recorded value was 56.20 billion in 2022.
- What is the lowest gdp recorded in Kuwait?
- The lowest recorded value was 653.00 million in 1962.
- How does Kuwait rank for gdp?
- Kuwait ranks 60th out of 74 countries with data for 2024.
- Is gdp rising or falling in Kuwait?
- Over the last ten years it is up 6.2%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
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