Gross capital formation (constant LCU) in Kuwait
Kuwait: Gross capital formation (constant LCU) was 6.30 billion constant LCU in 2024. ▲ Rising
Gross capital formation in Kuwait, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gross capital formation in Kuwait stood at 6.30 billion constant LCU.
That represents a change of 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 9.32 billion constant LCU in 2018 and was at its lowest, 5.51 billion constant LCU, in 2020.
That places Kuwait 141st out of 170 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Gross capital formation (constant LCU) in Kuwait, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | 5.84 billion constant LCU | — |
| 2011 | 5.70 billion constant LCU | -2.3% |
| 2012 | 6.00 billion constant LCU | +5.1% |
| 2013 | 6.37 billion constant LCU | +6.2% |
| 2014 | 6.83 billion constant LCU | +7.3% |
| 2015 | 7.89 billion constant LCU | +15.5% |
| 2016 | 8.80 billion constant LCU | +11.6% |
| 2017 | 8.91 billion constant LCU | +1.2% |
| 2018 | 9.32 billion constant LCU | +4.6% |
| 2019 | 8.54 billion constant LCU | -8.4% |
| 2020 | 5.51 billion constant LCU | -35.5% |
| 2021 | 5.58 billion constant LCU | +1.4% |
| 2022 | 7.92 billion constant LCU | +41.8% |
| 2023 | 7.71 billion constant LCU | -2.6% |
| 2024 | 6.30 billion constant LCU | -18.3% |
Kuwait compared with similar countries
- Kuwait's 6.30 billion constant LCU is below the median for high income countries, which is 120.45 billion constant LCU, 5% of the median. (58 countries reporting)
- Kuwait's 6.30 billion constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 190.94 billion constant LCU, 3% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.42 billion constant LCU | 5.70 billion constant LCU | 9.32 billion constant LCU | 10 |
| 2020s | 6.60 billion constant LCU | 5.51 billion constant LCU | 7.92 billion constant 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 gross capital formation in Kuwait?
- Gross capital formation in Kuwait was 6.30 billion constant LCU 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 9.32 billion constant LCU in 2018.
- What is the lowest gross capital formation recorded in Kuwait?
- The lowest recorded value was 5.51 billion constant LCU in 2020.
- How does Kuwait rank for gross capital formation?
- Kuwait ranks 141st out of 170 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 LCU). Statizoid updates them automatically from the source API.
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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 varies by country. This series is expressed in local currency units.