Gross domestic product (GDP) in Kuwait
Kuwait: Gross domestic product (GDP) was 266.11 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Kuwait, 1970–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Kuwait is 266.11 billion international-$ in 2021 prices, measured in 2023.
That represents a change of down 5.0% on the previous year and down 26.6% over ten years.
Over the whole period, gross domestic product (gdp) in Kuwait peaked at 371.47 billion international-$ in 2021 prices in 2012 and was at its lowest, 31.63 billion international-$ in 2021 prices, in 1991.
That places Kuwait 65th out of 184 countries with data for 2023, putting it in the middle of the range.
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 | 112.07 billion international-$ in 2021 prices | 93.61 billion international-$ in 2021 prices | 126.05 billion international-$ in 2021 prices | 10 |
| 1980s | 75.62 billion international-$ in 2021 prices | 60.12 billion international-$ in 2021 prices | 98.40 billion international-$ in 2021 prices | 10 |
| 1990s | 79.42 billion international-$ in 2021 prices | 31.63 billion international-$ in 2021 prices | 99.63 billion international-$ in 2021 prices | 10 |
| 2000s | 185.63 billion international-$ in 2021 prices | 96.79 billion international-$ in 2021 prices | 324.95 billion international-$ in 2021 prices | 10 |
| 2010s | 290.87 billion international-$ in 2021 prices | 226.53 billion international-$ in 2021 prices | 371.47 billion international-$ in 2021 prices | 10 |
| 2020s | 265.58 billion international-$ in 2021 prices | 255.90 billion international-$ in 2021 prices | 280.05 billion international-$ in 2021 prices | 4 |
Countries ranked near Kuwait
- 62 Kenya 315.39 billion international-$ in 2021 prices compare
- 63 Sri Lanka 292.66 billion international-$ in 2021 prices compare
- 64 Finland 289.58 billion international-$ in 2021 prices compare
- 66 Dominican Republic 261.55 billion international-$ in 2021 prices compare
- 67 Belarus 261.41 billion international-$ in 2021 prices compare
- 68 Ecuador 255.13 billion international-$ in 2021 prices compare
More economy & growth data for Kuwait
- External balance on goods and services as a percent of GDP 17.5% (2024)
- Inflation of consumer prices 2.4% (2025)
- GDP per capita 24,963 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 7.7% (2025)
- Gross domestic product (GDP) 121.45 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 24,963 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Kuwait?
- Gross domestic product (gdp) in Kuwait was 266.11 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Kuwait?
- The highest recorded value was 371.47 billion international-$ in 2021 prices in 2012.
- What is the lowest gross domestic product (gdp) recorded in Kuwait?
- The lowest recorded value was 31.63 billion international-$ in 2021 prices in 1991.
- How does Kuwait rank for gross domestic product (gdp)?
- Kuwait ranks 65th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Kuwait?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.