Gross capital formation (current LCU) in Kuwait
Kuwait: Gross capital formation (current LCU) was 7.45 billion current LCU in 2024. ◆ Volatile
Latest (2024)
7.45 billion current LCU
Change on year
down 17.4%
World rank
156th
of 187 countries
All-time high
10.70 billion current LCU
in 2018
All-time low
118.00 million current LCU
in 1965
Years of data
60
1965–2024
Gross capital formation in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross capital formation in Kuwait stood at 7.45 billion current LCU.
The figure is down 17.4% on the previous year and down 1.2% over ten years.
Over the whole period, gross capital formation in Kuwait peaked at 10.70 billion current LCU in 2018 and was at its lowest, 118.00 million current LCU, in 1965.
Kuwait ranks 156th of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 118.00 million current LCU | — |
| 1966 | 151.00 million current LCU | +28.0% |
| 1967 | 186.00 million current LCU | +23.2% |
| 1968 | 171.00 million current LCU | -8.1% |
| 1969 | 189.00 million current LCU | +10.5% |
| 1970 | 124.40 million current LCU | -34.2% |
| 1971 | 129.60 million current LCU | +4.2% |
| 1972 | 136.20 million current LCU | +5.1% |
| 1973 | 152.60 million current LCU | +12.0% |
| 1974 | 258.40 million current LCU | +69.3% |
| 1975 | 443.70 million current LCU | +71.7% |
| 1976 | 635.20 million current LCU | +43.2% |
| 1977 | 944.60 million current LCU | +48.7% |
| 1978 | 862.90 million current LCU | -8.6% |
| 1979 | 933.70 million current LCU | +8.2% |
| 1980 | 1.08 billion current LCU | +15.4% |
| 1981 | 1.16 billion current LCU | +7.8% |
| 1982 | 1.57 billion current LCU | +34.7% |
| 1983 | 1.51 billion current LCU | -3.7% |
| 1984 | 1.35 billion current LCU | -10.4% |
| 1985 | 1.22 billion current LCU | -10.0% |
| 1986 | 1.15 billion current LCU | -5.4% |
| 1987 | 1.09 billion current LCU | -4.9% |
| 1988 | 906.15 million current LCU | -17.1% |
| 1989 | 878.50 million current LCU | -3.1% |
| 1990 | 935.40 million current LCU | +6.5% |
| 1991 | 1.31 billion current LCU | +40.0% |
| 1992 | 1.30 billion current LCU | -0.5% |
| 1993 | 1.24 billion current LCU | -4.6% |
| 1994 | 1.19 billion current LCU | -4.1% |
| 1995 | 1.20 billion current LCU | +0.5% |
| 1996 | 1.42 billion current LCU | +18.9% |
| 1997 | 1.26 billion current LCU | -11.8% |
| 1998 | 1.46 billion current LCU | +16.2% |
| 1999 | 1.33 billion current LCU | -8.5% |
| 2000 | 1.23 billion current LCU | -7.5% |
| 2001 | 1.53 billion current LCU | +24.0% |
| 2002 | 1.99 billion current LCU | +29.7% |
| 2003 | 2.37 billion current LCU | +19.5% |
| 2004 | 3.19 billion current LCU | +34.2% |
| 2005 | 3.88 billion current LCU | +21.7% |
| 2006 | 4.76 billion current LCU | +22.9% |
| 2007 | 6.66 billion current LCU | +40.0% |
| 2008 | 6.98 billion current LCU | +4.8% |
| 2009 | 5.48 billion current LCU | -21.6% |
| 2010 | 5.84 billion current LCU | +6.6% |
| 2011 | 5.76 billion current LCU | -1.4% |
| 2012 | 6.25 billion current LCU | +8.6% |
| 2013 | 7.09 billion current LCU | +13.4% |
| 2014 | 7.54 billion current LCU | +6.4% |
| 2015 | 8.77 billion current LCU | +16.3% |
| 2016 | 9.90 billion current LCU | +13.0% |
| 2017 | 10.15 billion current LCU | +2.5% |
| 2018 | 10.70 billion current LCU | +5.3% |
| 2019 | 9.84 billion current LCU | -8.0% |
| 2020 | 6.34 billion current LCU | -35.5% |
| 2021 | 6.47 billion current LCU | +2.1% |
| 2022 | 9.30 billion current LCU | +43.7% |
| 2023 | 9.03 billion current LCU | -2.9% |
| 2024 | 7.45 billion current LCU | -17.4% |
Kuwait compared with similar countries
- Kuwait's 7.45 billion current LCU is below the median for high income countries, which is 146.46 billion current LCU, 5% of the median. (67 countries reporting)
- Kuwait's 7.45 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 262.91 billion current LCU, 3% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 163.00 million current LCU | 118.00 million current LCU | 189.00 million current LCU | 5 |
| 1970s | 462.13 million current LCU | 124.40 million current LCU | 944.60 million current LCU | 10 |
| 1980s | 1.19 billion current LCU | 878.50 million current LCU | 1.57 billion current LCU | 10 |
| 1990s | 1.27 billion current LCU | 935.40 million current LCU | 1.46 billion current LCU | 10 |
| 2000s | 3.81 billion current LCU | 1.23 billion current LCU | 6.98 billion current LCU | 10 |
| 2010s | 8.18 billion current LCU | 5.76 billion current LCU | 10.70 billion current LCU | 10 |
| 2020s | 7.72 billion current LCU | 6.34 billion current LCU | 9.30 billion current LCU | 5 |
Countries ranked near Kuwait
- 153 El Salvador 9.67 billion current LCU compare
- 154 Greenland 8.25 billion current LCU compare
- 155 Faroe Islands 7.87 billion current LCU compare
- 157 Cyprus 7.03 billion current LCU compare
- 158 Seychelles 6.58 billion current LCU compare
- 159 Brunei 5.33 billion current LCU compare
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 7.45 billion current 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 10.70 billion current LCU in 2018.
- What is the lowest gross capital formation recorded in Kuwait?
- The lowest recorded value was 118.00 million current LCU in 1965.
- How does Kuwait rank for gross capital formation?
- Kuwait ranks 156th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Kuwait?
- Over the last ten years it is down 1.2%. 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 Gross capital formation (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.