GDP in Kuwait
Kuwait: GDP was 49.14 billion in 2024. β 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
1962β2024
GDP in Kuwait, 1962β2024
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.
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
- 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 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.
Download this data
CSV Β· JSON β 63 observations, free to reuse under UNICEF Terms of Use (attribution required).