General government final consumption expenditure (current LCU) in Kuwait
Kuwait: General government final consumption expenditure (current LCU) was 12.73 billion current LCU in 2024. ◆ Volatile
General government final consumption expenditure in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kuwait recorded 12.73 billion current LCU for general government final consumption expenditure in 2024. That is the highest value across all 60 years on record.
The figure is up 1.9% on the previous year and up 54.9% over ten years.
Over the whole period, general government final consumption expenditure in Kuwait peaked at 12.73 billion current LCU in 2024 and was at its lowest, 99.00 million current LCU, in 1965.
That places Kuwait 147th out of 187 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.
General government final consumption expenditure (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 99.00 million current LCU | — |
| 1966 | 118.00 million current LCU | +19.2% |
| 1967 | 135.00 million current LCU | +14.4% |
| 1968 | 144.00 million current LCU | +6.7% |
| 1969 | 152.00 million current LCU | +5.6% |
| 1970 | 139.30 million current LCU | -8.4% |
| 1971 | 173.30 million current LCU | +24.4% |
| 1972 | 198.60 million current LCU | +14.6% |
| 1973 | 214.60 million current LCU | +8.1% |
| 1974 | 279.10 million current LCU | +30.1% |
| 1975 | 385.50 million current LCU | +38.1% |
| 1976 | 432.30 million current LCU | +12.1% |
| 1977 | 586.30 million current LCU | +35.6% |
| 1978 | 615.90 million current LCU | +5.0% |
| 1979 | 763.80 million current LCU | +24.0% |
| 1980 | 864.90 million current LCU | +13.2% |
| 1981 | 993.20 million current LCU | +14.8% |
| 1982 | 1.20 billion current LCU | +20.5% |
| 1983 | 1.29 billion current LCU | +7.5% |
| 1984 | 1.35 billion current LCU | +4.5% |
| 1985 | 1.44 billion current LCU | +7.4% |
| 1986 | 1.40 billion current LCU | -2.9% |
| 1987 | 1.37 billion current LCU | -2.1% |
| 1988 | 1.52 billion current LCU | +10.4% |
| 1989 | 1.81 billion current LCU | +19.6% |
| 1990 | 2.06 billion current LCU | +13.4% |
| 1991 | 2.39 billion current LCU | +16.0% |
| 1992 | 3.24 billion current LCU | +35.7% |
| 1993 | 2.59 billion current LCU | -19.9% |
| 1994 | 2.50 billion current LCU | -3.5% |
| 1995 | 2.61 billion current LCU | +4.3% |
| 1996 | 2.57 billion current LCU | -1.6% |
| 1997 | 2.45 billion current LCU | -4.6% |
| 1998 | 2.41 billion current LCU | -1.6% |
| 1999 | 2.46 billion current LCU | +2.1% |
| 2000 | 2.49 billion current LCU | +0.9% |
| 2001 | 2.53 billion current LCU | +1.7% |
| 2002 | 2.93 billion current LCU | +15.9% |
| 2003 | 3.28 billion current LCU | +12.0% |
| 2004 | 3.48 billion current LCU | +6.0% |
| 2005 | 3.71 billion current LCU | +6.6% |
| 2006 | 4.09 billion current LCU | +10.5% |
| 2007 | 4.56 billion current LCU | +11.4% |
| 2008 | 5.31 billion current LCU | +16.3% |
| 2009 | 5.64 billion current LCU | +6.2% |
| 2010 | 5.67 billion current LCU | +0.6% |
| 2011 | 6.33 billion current LCU | +11.6% |
| 2012 | 7.34 billion current LCU | +16.0% |
| 2013 | 8.09 billion current LCU | +10.3% |
| 2014 | 8.22 billion current LCU | +1.5% |
| 2015 | 8.34 billion current LCU | +1.5% |
| 2016 | 8.50 billion current LCU | +1.9% |
| 2017 | 8.94 billion current LCU | +5.2% |
| 2018 | 9.62 billion current LCU | +7.6% |
| 2019 | 10.44 billion current LCU | +8.5% |
| 2020 | 10.26 billion current LCU | -1.7% |
| 2021 | 11.36 billion current LCU | +10.7% |
| 2022 | 11.74 billion current LCU | +3.3% |
| 2023 | 12.50 billion current LCU | +6.5% |
| 2024 | 12.73 billion current LCU | +1.9% |
Kuwait compared with similar countries
- Kuwait's 12.73 billion current LCU is below the median for high income countries, which is 90.99 billion current LCU, 14% of the median. (67 countries reporting)
- Kuwait's 12.73 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 298.14 billion current LCU, 4% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 129.60 million current LCU | 99.00 million current LCU | 152.00 million current LCU | 5 |
| 1970s | 378.87 million current LCU | 139.30 million current LCU | 763.80 million current LCU | 10 |
| 1980s | 1.32 billion current LCU | 864.90 million current LCU | 1.81 billion current LCU | 10 |
| 1990s | 2.53 billion current LCU | 2.06 billion current LCU | 3.24 billion current LCU | 10 |
| 2000s | 3.80 billion current LCU | 2.49 billion current LCU | 5.64 billion current LCU | 10 |
| 2010s | 8.15 billion current LCU | 5.67 billion current LCU | 10.44 billion current LCU | 10 |
| 2020s | 11.72 billion current LCU | 10.26 billion current LCU | 12.73 billion current LCU | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- Real gdp growth, annual growth rate 10.23 % change on previous year (2024)
- 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)
Frequently asked questions
- What is general government final consumption expenditure in Kuwait?
- General government final consumption expenditure in Kuwait was 12.73 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Kuwait?
- The highest recorded value was 12.73 billion current LCU in 2024.
- What is the lowest general government final consumption expenditure recorded in Kuwait?
- The lowest recorded value was 99.00 million current LCU in 1965.
- How does Kuwait rank for general government final consumption expenditure?
- Kuwait ranks 147th out of 187 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Kuwait?
- Over the last ten years it is up 54.9%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of General government final consumption expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.