General government final consumption expenditure (current US$) in Kuwait
Kuwait: General government final consumption expenditure (current US$) was 41.50 billion current US$ 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 US$.
Analysis
Kuwait recorded 41.50 billion current US$ for general government final consumption expenditure in 2024. That is the highest value across all 60 years on record.
That represents a change of up 2.0% on the previous year and up 43.7% over ten years.
Over the whole period, general government final consumption expenditure in Kuwait peaked at 41.50 billion current US$ in 2024 and was at its lowest, 277.20 million current US$, in 1965.
Kuwait ranks 53rd of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure (current US$) in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 277.20 million current US$ | — |
| 1966 | 330.40 million current US$ | +19.2% |
| 1967 | 378.00 million current US$ | +14.4% |
| 1968 | 403.20 million current US$ | +6.7% |
| 1969 | 425.60 million current US$ | +5.6% |
| 1970 | 390.04 million current US$ | -8.4% |
| 1971 | 486.66 million current US$ | +24.8% |
| 1972 | 603.74 million current US$ | +24.1% |
| 1973 | 723.60 million current US$ | +19.9% |
| 1974 | 952.07 million current US$ | +31.6% |
| 1975 | 1.33 billion current US$ | +39.6% |
| 1976 | 1.48 billion current US$ | +11.2% |
| 1977 | 2.05 billion current US$ | +38.4% |
| 1978 | 2.24 billion current US$ | +9.4% |
| 1979 | 2.76 billion current US$ | +23.4% |
| 1980 | 3.20 billion current US$ | +15.8% |
| 1981 | 3.56 billion current US$ | +11.3% |
| 1982 | 4.16 billion current US$ | +16.7% |
| 1983 | 4.42 billion current US$ | +6.2% |
| 1984 | 4.54 billion current US$ | +2.9% |
| 1985 | 4.80 billion current US$ | +5.7% |
| 1986 | 4.83 billion current US$ | +0.5% |
| 1987 | 4.93 billion current US$ | +2.1% |
| 1988 | 5.44 billion current US$ | +10.3% |
| 1989 | 6.18 billion current US$ | +13.6% |
| 1990 | 7.14 billion current US$ | +15.6% |
| 1991 | 8.39 billion current US$ | +17.5% |
| 1992 | 11.03 billion current US$ | +31.5% |
| 1993 | 8.59 billion current US$ | -22.2% |
| 1994 | 8.43 billion current US$ | -1.8% |
| 1995 | 8.75 billion current US$ | +3.8% |
| 1996 | 8.59 billion current US$ | -1.9% |
| 1997 | 8.08 billion current US$ | -5.9% |
| 1998 | 7.91 billion current US$ | -2.1% |
| 1999 | 8.09 billion current US$ | +2.3% |
| 2000 | 8.10 billion current US$ | +0.1% |
| 2001 | 8.24 billion current US$ | +1.8% |
| 2002 | 9.64 billion current US$ | +16.9% |
| 2003 | 11.01 billion current US$ | +14.2% |
| 2004 | 11.80 billion current US$ | +7.2% |
| 2005 | 12.69 billion current US$ | +7.6% |
| 2006 | 14.11 billion current US$ | +11.2% |
| 2007 | 16.06 billion current US$ | +13.8% |
| 2008 | 19.74 billion current US$ | +23.0% |
| 2009 | 19.58 billion current US$ | -0.8% |
| 2010 | 19.77 billion current US$ | +1.0% |
| 2011 | 22.92 billion current US$ | +15.9% |
| 2012 | 26.21 billion current US$ | +14.3% |
| 2013 | 28.54 billion current US$ | +8.9% |
| 2014 | 28.88 billion current US$ | +1.2% |
| 2015 | 27.72 billion current US$ | -4.0% |
| 2016 | 28.12 billion current US$ | +1.5% |
| 2017 | 29.47 billion current US$ | +4.8% |
| 2018 | 31.86 billion current US$ | +8.1% |
| 2019 | 34.37 billion current US$ | +7.9% |
| 2020 | 33.51 billion current US$ | -2.5% |
| 2021 | 37.67 billion current US$ | +12.4% |
| 2022 | 38.33 billion current US$ | +1.8% |
| 2023 | 40.68 billion current US$ | +6.1% |
| 2024 | 41.50 billion current US$ | +2.0% |
Kuwait compared with similar countries
- Kuwait's 41.50 billion current US$ is above the median for high income countries, which is 41.50 billion current US$, 1.0× the median. (67 countries reporting)
- Kuwait's 41.50 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 19.89 billion current US$, 2.1× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 362.88 million current US$ | 277.20 million current US$ | 425.60 million current US$ | 5 |
| 1970s | 1.30 billion current US$ | 390.04 million current US$ | 2.76 billion current US$ | 10 |
| 1980s | 4.61 billion current US$ | 3.20 billion current US$ | 6.18 billion current US$ | 10 |
| 1990s | 8.50 billion current US$ | 7.14 billion current US$ | 11.03 billion current US$ | 10 |
| 2000s | 13.10 billion current US$ | 8.10 billion current US$ | 19.74 billion current US$ | 10 |
| 2010s | 27.79 billion current US$ | 19.77 billion current US$ | 34.37 billion current US$ | 10 |
| 2020s | 38.34 billion current US$ | 33.51 billion current US$ | 41.50 billion current US$ | 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 41.50 billion current US$ 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 41.50 billion current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Kuwait?
- The lowest recorded value was 277.20 million current US$ in 1965.
- How does Kuwait rank for general government final consumption expenditure?
- Kuwait ranks 53rd 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 43.7%. 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 US$). 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 indicator is expressed in United States dollars.