GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Kuwait
Kuwait: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was -0.7322 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Kuwait, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices, annual in Kuwait stood at -0.7322 % change on previous year.
The figure is up 90.0% on the previous year and up 89.2% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Kuwait peaked at 173.31 % change on previous year in 1974 and was at its lowest, -25.96 % change on previous year, in 2015.
Kuwait ranks 201st of 209 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 Deflator — Value Standard Local Currency, 2015 prices, annual in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 25.83 % change on previous year | — |
| 1972 | 1.89 % change on previous year | -92.7% |
| 1973 | 17.27 % change on previous year | +815.6% |
| 1974 | 173.31 % change on previous year | +903.3% |
| 1975 | 4.21 % change on previous year | -97.6% |
| 1976 | 3.25 % change on previous year | -22.8% |
| 1977 | 9.86 % change on previous year | +203.2% |
| 1978 | -1.98 % change on previous year | -120.1% |
| 1979 | 40.84 % change on previous year | -2165.5% |
| 1980 | 40.69 % change on previous year | -0.4% |
| 1981 | 11.95 % change on previous year | -70.6% |
| 1982 | 0.0325 % change on previous year | -99.7% |
| 1983 | -9.31 % change on previous year | -28712.3% |
| 1984 | 0.3617 % change on previous year | -103.9% |
| 1985 | 4.86 % change on previous year | +1244.1% |
| 1986 | -25.7 % change on previous year | -628.7% |
| 1987 | 10.77 % change on previous year | -141.9% |
| 1988 | 2.97 % change on previous year | -72.4% |
| 1989 | -1.72 % change on previous year | -157.8% |
| 1990 | 1.11 % change on previous year | -164.7% |
| 1991 | -0.3852 % change on previous year | -134.7% |
| 1992 | 1.79 % change on previous year | -563.7% |
| 1993 | -7.21 % change on previous year | -503.4% |
| 1994 | -6.05 % change on previous year | -16.1% |
| 1995 | 5.93 % change on previous year | -198.0% |
| 1996 | 15.52 % change on previous year | +161.9% |
| 1997 | -4.74 % change on previous year | -130.5% |
| 1998 | -17.15 % change on previous year | +262.2% |
| 1999 | 18.08 % change on previous year | -205.4% |
| 2000 | 20.53 % change on previous year | +13.5% |
| 2001 | -7.72 % change on previous year | -137.6% |
| 2002 | 5.14 % change on previous year | -166.6% |
| 2003 | 4.92 % change on previous year | -4.3% |
| 2004 | 11.37 % change on previous year | +130.9% |
| 2005 | 21.77 % change on previous year | +91.5% |
| 2006 | 16.18 % change on previous year | -25.7% |
| 2007 | 4.31 % change on previous year | -73.4% |
| 2008 | 18.66 % change on previous year | +333.3% |
| 2009 | -17.17 % change on previous year | -192.0% |
| 2010 | 11.1 % change on previous year | -164.7% |
| 2011 | 17.23 % change on previous year | +55.2% |
| 2012 | 7.49 % change on previous year | -56.6% |
| 2013 | 0.2235 % change on previous year | -97.0% |
| 2014 | -6.76 % change on previous year | -3123.6% |
| 2015 | -25.96 % change on previous year | +284.2% |
| 2016 | -6.84 % change on previous year | -73.7% |
| 2017 | 16.23 % change on previous year | -337.4% |
| 2018 | 11.3 % change on previous year | -30.4% |
| 2019 | -0.1104 % change on previous year | -101.0% |
| 2020 | -16.46 % change on previous year | +14814.2% |
| 2021 | 28.78 % change on previous year | -274.8% |
| 2022 | 18.83 % change on previous year | -34.6% |
| 2023 | -7.36 % change on previous year | -139.1% |
| 2024 | -0.7322 % change on previous year | -90.0% |
Kuwait compared with similar countries
- Kuwait's -0.7322 % change on previous year is below the median for high income countries, which is 2.83 % change on previous year. (68 countries reporting)
- Kuwait's -0.7322 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.23 % change on previous year. (21 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 1983 | -28712.3% | 0.0325 % change on previous year | -9.31 % change on previous year |
| 2020 | -14814.2% | -0.1104 % change on previous year | -16.46 % change on previous year |
| 2014 | -3123.6% | 0.2235 % change on previous year | -6.76 % change on previous year |
| 1979 | +2165.5% | -1.98 % change on previous year | 40.84 % change on previous year |
| 1985 | +1244.1% | 0.3617 % change on previous year | 4.86 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.5 % change on previous year | -1.98 % change on previous year | 173.31 % change on previous year | 9 |
| 1980s | 3.49 % change on previous year | -25.7 % change on previous year | 40.69 % change on previous year | 10 |
| 1990s | 0.6908 % change on previous year | -17.15 % change on previous year | 18.08 % change on previous year | 10 |
| 2000s | 7.8 % change on previous year | -17.17 % change on previous year | 21.77 % change on previous year | 10 |
| 2010s | 2.39 % change on previous year | -25.96 % change on previous year | 17.23 % change on previous year | 10 |
| 2020s | 4.61 % change on previous year | -16.46 % change on previous year | 28.78 % change on previous year | 5 |
Countries ranked near Kuwait
- 198 Saudi Arabia -0.2486 % change on previous year compare
- 199 Qatar -0.4189 % change on previous year compare
- 200 Oman -0.6736 % change on previous year compare
- 202 Seychelles -0.7453 % change on previous year compare
- 203 Vanuatu -0.7872 % change on previous year compare
- 204 Azerbaijan -1.41 % change on previous year compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.99 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.019 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 614.43 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 413.09 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0026 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.91 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices, annual in Kuwait?
- Gdp deflator — value standard local currency, 2015 prices, annual in Kuwait was -0.7322 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Kuwait?
- The highest recorded value was 173.31 % change on previous year in 1974.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Kuwait?
- The lowest recorded value was -25.96 % change on previous year in 2015.
- How does Kuwait rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Kuwait ranks 201st out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Kuwait?
- Over the last ten years it is up 89.2%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of GDP Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.