GDP Deflator — Value Standard Local Currency, 2015 prices in Kuwait
Kuwait: GDP Deflator — Value Standard Local Currency, 2015 prices was 141.53 SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
The most recent figure for gdp deflator — value standard local currency, 2015 prices in Kuwait is 141.53 SLC, measured in 2024.
That represents a change of down 0.7% on the previous year and up 4.8% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Kuwait peaked at 153.9 SLC in 2022 and was at its lowest, 6.08 SLC, in 1970.
Kuwait ranks 90th of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices in Kuwait, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 6.08 SLC | — |
| 1971 | 7.65 SLC | +25.8% |
| 1972 | 7.8 SLC | +1.9% |
| 1973 | 9.15 SLC | +17.3% |
| 1974 | 25 SLC | +173.3% |
| 1975 | 26.05 SLC | +4.2% |
| 1976 | 26.9 SLC | +3.3% |
| 1977 | 29.55 SLC | +9.9% |
| 1978 | 28.96 SLC | -2.0% |
| 1979 | 40.79 SLC | +40.8% |
| 1980 | 57.39 SLC | +40.7% |
| 1981 | 64.25 SLC | +12.0% |
| 1982 | 64.27 SLC | +0.0% |
| 1983 | 58.29 SLC | -9.3% |
| 1984 | 58.5 SLC | +0.4% |
| 1985 | 61.34 SLC | +4.9% |
| 1986 | 45.58 SLC | -25.7% |
| 1987 | 50.49 SLC | +10.8% |
| 1988 | 51.99 SLC | +3.0% |
| 1989 | 51.09 SLC | -1.7% |
| 1990 | 51.66 SLC | +1.1% |
| 1991 | 51.46 SLC | -0.4% |
| 1992 | 52.38 SLC | +1.8% |
| 1993 | 48.61 SLC | -7.2% |
| 1994 | 45.67 SLC | -6.0% |
| 1995 | 48.38 SLC | +5.9% |
| 1996 | 55.88 SLC | +15.5% |
| 1997 | 53.24 SLC | -4.7% |
| 1998 | 44.11 SLC | -17.2% |
| 1999 | 52.08 SLC | +18.1% |
| 2000 | 62.77 SLC | +20.5% |
| 2001 | 57.93 SLC | -7.7% |
| 2002 | 60.91 SLC | +5.1% |
| 2003 | 63.91 SLC | +4.9% |
| 2004 | 71.17 SLC | +11.4% |
| 2005 | 86.67 SLC | +21.8% |
| 2006 | 100.69 SLC | +16.2% |
| 2007 | 105.03 SLC | +4.3% |
| 2008 | 124.63 SLC | +18.7% |
| 2009 | 103.23 SLC | -17.2% |
| 2010 | 114.7 SLC | +11.1% |
| 2011 | 134.46 SLC | +17.2% |
| 2012 | 144.53 SLC | +7.5% |
| 2013 | 144.85 SLC | +0.2% |
| 2014 | 135.06 SLC | -6.8% |
| 2015 | 100 SLC | -26.0% |
| 2016 | 93.16 SLC | -6.8% |
| 2017 | 108.28 SLC | +16.2% |
| 2018 | 120.52 SLC | +11.3% |
| 2019 | 120.39 SLC | -0.1% |
| 2020 | 100.57 SLC | -16.5% |
| 2021 | 129.51 SLC | +28.8% |
| 2022 | 153.9 SLC | +18.8% |
| 2023 | 142.58 SLC | -7.4% |
| 2024 | 141.53 SLC | -0.7% |
Kuwait compared with similar countries
- Kuwait's 141.53 SLC is above the median for high income countries, which is 126.04 SLC, 1.1× the median. (68 countries reporting)
- Kuwait's 141.53 SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 137.21 SLC, 1.0× the median. (21 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices 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 | +173.3% | 9.15 SLC | 25 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.79 SLC | 6.08 SLC | 40.79 SLC | 10 |
| 1980s | 56.32 SLC | 45.58 SLC | 64.27 SLC | 10 |
| 1990s | 50.35 SLC | 44.11 SLC | 55.88 SLC | 10 |
| 2000s | 83.7 SLC | 57.93 SLC | 124.63 SLC | 10 |
| 2010s | 121.59 SLC | 93.16 SLC | 144.85 SLC | 10 |
| 2020s | 133.62 SLC | 100.57 SLC | 153.9 SLC | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Kuwait?
- Gdp deflator — value standard local currency, 2015 prices in Kuwait was 141.53 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Kuwait?
- The highest recorded value was 153.9 SLC in 2022.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Kuwait?
- The lowest recorded value was 6.08 SLC in 1970.
- How does Kuwait rank for gdp deflator — value standard local currency, 2015 prices?
- Kuwait ranks 90th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Kuwait?
- Over the last ten years it is up 4.8%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).