GDP Deflator — Value US$, 2015 prices in Kuwait
Kuwait: GDP Deflator — Value US$, 2015 prices was 138.84 USD in 2024. ◆ Volatile
GDP Deflator — Value US$, 2015 prices in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Kuwait recorded 138.84 USD for gdp deflator — value us$, 2015 prices in 2024.
Compared with earlier readings it is down 0.6% on the previous year and down 2.8% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Kuwait peaked at 155.32 USD in 2012 and was at its lowest, 5.12 USD, in 1970.
That places Kuwait 28th out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value US$, 2015 prices in Kuwait, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 5.12 USD | — |
| 1971 | 6.47 USD | +26.2% |
| 1972 | 7.13 USD | +10.3% |
| 1973 | 9.28 USD | +30.1% |
| 1974 | 25.65 USD | +176.5% |
| 1975 | 27.02 USD | +5.3% |
| 1976 | 27.67 USD | +2.4% |
| 1977 | 31.02 USD | +12.1% |
| 1978 | 31.68 USD | +2.1% |
| 1979 | 44.41 USD | +40.2% |
| 1980 | 63.87 USD | +43.8% |
| 1981 | 69.33 USD | +8.5% |
| 1982 | 67.16 USD | -3.1% |
| 1983 | 60.16 USD | -10.4% |
| 1984 | 59.44 USD | -1.2% |
| 1985 | 61.36 USD | +3.2% |
| 1986 | 47.19 USD | -23.1% |
| 1987 | 54.51 USD | +15.5% |
| 1988 | 56.05 USD | +2.8% |
| 1989 | 52.32 USD | -6.7% |
| 1990 | 53.88 USD | +3.0% |
| 1991 | 54.46 USD | +1.1% |
| 1992 | 53.74 USD | -1.3% |
| 1993 | 48.45 USD | -9.9% |
| 1994 | 46.28 USD | -4.5% |
| 1995 | 48.76 USD | +5.4% |
| 1996 | 56.15 USD | +15.2% |
| 1997 | 52.8 USD | -6.0% |
| 1998 | 43.54 USD | -17.5% |
| 1999 | 51.47 USD | +18.2% |
| 2000 | 61.57 USD | +19.6% |
| 2001 | 56.83 USD | -7.7% |
| 2002 | 60.3 USD | +6.1% |
| 2003 | 64.52 USD | +7.0% |
| 2004 | 72.66 USD | +12.6% |
| 2005 | 89.3 USD | +22.9% |
| 2006 | 104.4 USD | +16.9% |
| 2007 | 111.18 USD | +6.5% |
| 2008 | 139.48 USD | +25.5% |
| 2009 | 107.92 USD | -22.6% |
| 2010 | 120.4 USD | +11.6% |
| 2011 | 146.58 USD | +21.7% |
| 2012 | 155.32 USD | +6.0% |
| 2013 | 153.66 USD | -1.1% |
| 2014 | 142.79 USD | -7.1% |
| 2015 | 100 USD | -30.0% |
| 2016 | 92.77 USD | -7.2% |
| 2017 | 107.39 USD | +15.8% |
| 2018 | 120.08 USD | +11.8% |
| 2019 | 119.29 USD | -0.7% |
| 2020 | 98.8 USD | -17.2% |
| 2021 | 129.17 USD | +30.7% |
| 2022 | 151.19 USD | +17.0% |
| 2023 | 139.64 USD | -7.6% |
| 2024 | 138.84 USD | -0.6% |
Kuwait compared with similar countries
- Kuwait's 138.84 USD is above the median for high income countries, which is 121.8 USD, 1.1× the median. (68 countries reporting)
- Kuwait's 138.84 USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 119.38 USD, 1.2× the median. (21 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value US$, 2015 prices in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +176.5% | 9.28 USD | 25.65 USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.55 USD | 5.12 USD | 44.41 USD | 10 |
| 1980s | 59.14 USD | 47.19 USD | 69.33 USD | 10 |
| 1990s | 50.96 USD | 43.54 USD | 56.15 USD | 10 |
| 2000s | 86.81 USD | 56.83 USD | 139.48 USD | 10 |
| 2010s | 125.83 USD | 92.77 USD | 155.32 USD | 10 |
| 2020s | 131.53 USD | 98.8 USD | 151.19 USD | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.61 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Kuwait?
- Gdp deflator — value us$, 2015 prices in Kuwait was 138.84 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Kuwait?
- The highest recorded value was 155.32 USD in 2012.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Kuwait?
- The lowest recorded value was 5.12 USD in 1970.
- How does Kuwait rank for gdp deflator — value us$, 2015 prices?
- Kuwait ranks 28th out of 203 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Kuwait?
- Over the last ten years it is down 2.8%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).