Gross capital formation in Kuwait
Kuwait: Gross capital formation was 23.28 billion constant 2015 US$ in 2024. ▲ Rising
Gross capital formation in Kuwait, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross capital formation in Kuwait is 23.28 billion constant 2015 US$, measured in 2024.
Compared with earlier readings it is down 18.3% on the previous year and down 7.7% over ten years.
Over the whole period, gross capital formation in Kuwait peaked at 34.43 billion constant 2015 US$ in 2018 and was at its lowest, 20.35 billion constant 2015 US$, in 2020.
Kuwait ranks 61st of 163 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Gross capital formation in Kuwait, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2010 | 21.58 billion constant 2015 US$ | — |
| 2011 | 21.07 billion constant 2015 US$ | -2.3% |
| 2012 | 22.15 billion constant 2015 US$ | +5.1% |
| 2013 | 23.52 billion constant 2015 US$ | +6.2% |
| 2014 | 25.23 billion constant 2015 US$ | +7.3% |
| 2015 | 29.14 billion constant 2015 US$ | +15.5% |
| 2016 | 32.50 billion constant 2015 US$ | +11.6% |
| 2017 | 32.91 billion constant 2015 US$ | +1.2% |
| 2018 | 34.43 billion constant 2015 US$ | +4.6% |
| 2019 | 31.54 billion constant 2015 US$ | -8.4% |
| 2020 | 20.35 billion constant 2015 US$ | -35.5% |
| 2021 | 20.62 billion constant 2015 US$ | +1.4% |
| 2022 | 29.25 billion constant 2015 US$ | +41.8% |
| 2023 | 28.48 billion constant 2015 US$ | -2.6% |
| 2024 | 23.28 billion constant 2015 US$ | -18.3% |
Kuwait compared with similar countries
- Kuwait's 23.28 billion constant 2015 US$ is below the median for high income countries, which is 50.23 billion constant 2015 US$, 46% of the median. (58 countries reporting)
- Kuwait's 23.28 billion constant 2015 US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 23.64 billion constant 2015 US$, 98% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 27.41 billion constant 2015 US$ | 21.07 billion constant 2015 US$ | 34.43 billion constant 2015 US$ | 10 |
| 2020s | 24.40 billion constant 2015 US$ | 20.35 billion constant 2015 US$ | 29.25 billion constant 2015 US$ | 5 |
Countries ranked near Kuwait
- 58 Sri Lanka 24.41 billion constant 2015 US$ compare
- 59 Oman 24.00 billion constant 2015 US$ compare
- 60 Cote d'Ivoire 23.74 billion constant 2015 US$ compare
- 62 Democratic Republic of Congo 21.87 billion constant 2015 US$ compare
- 63 Slovakia 21.86 billion constant 2015 US$ compare
- 64 Kenya 20.43 billion constant 2015 US$ 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)
- 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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Kuwait?
- Gross capital formation in Kuwait was 23.28 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Kuwait?
- The highest recorded value was 34.43 billion constant 2015 US$ in 2018.
- What is the lowest gross capital formation recorded in Kuwait?
- The lowest recorded value was 20.35 billion constant 2015 US$ in 2020.
- How does Kuwait rank for gross capital formation?
- Kuwait ranks 61st out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Kuwait?
- Over the last ten years it is down 7.7%. The long-run trend across the full record is rising.
- 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 Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.