GDP growth in Kuwait
Kuwait: GDP growth was -2.56 in 2024. β Volatile
Latest (2024)
-2.56
Change on year
down 53.6%
World rank
72nd
of 74 countries
All-time high
82.81
in 1992
All-time low
-41.01
in 1991
Years of data
54
1971β2024
GDP growth in Kuwait, 1971β2024
Source: UNICEF.
Analysis
Kuwait recorded -2.56 for gdp growth in 2024.
That represents a change of down 53.6% on the previous year and down 611.1% over ten years.
Over the whole period, gdp growth in Kuwait peaked at 82.81 in 1992 and was at its lowest, -41.01, in 1991.
That places Kuwait 72nd out of 74 countries with data for 2024, putting it 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 |
|---|---|---|---|---|
| 1970s | 0.3468 | -12.99 | 13.9 | 9 |
| 1980s | -0.8615 | -19.41 | 25.89 | 10 |
| 1990s | 6.78 | -41.01 | 82.81 | 10 |
| 2000s | 5.5 | -7.08 | 17.33 | 10 |
| 2010s | 1.93 | -4.71 | 9.63 | 10 |
| 2020s | -0.1228 | -4.82 | 6.76 | 5 |
Countries ranked near Kuwait
- 69 Iceland -0.9707 compare
- 70 Liechtenstein -1.16 compare
- 71 Iraq -1.55 compare
- 73 Sudan -13.96 compare
- 74 Palestine, State of -26.56 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)
- 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 growth in Kuwait?
- Gdp growth in Kuwait was -2.56 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Kuwait?
- The highest recorded value was 82.81 in 1992.
- What is the lowest gdp growth recorded in Kuwait?
- The lowest recorded value was -41.01 in 1991.
- How does Kuwait rank for gdp growth?
- Kuwait ranks 72nd out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Kuwait?
- Over the last ten years it is down 611.1%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 54 observations, free to reuse under UNICEF Terms of Use (attribution required).