Gross capital formation in Kuwait
Kuwait: Gross capital formation was 24.30 billion current US$ in 2024. ◆ Volatile
Latest (2024)
24.30 billion current US$
Change on year
down 17.3%
World rank
71st
of 187 countries
All-time high
35.42 billion current US$
in 2018
All-time low
330.40 million current US$
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 US$.
Analysis
In 2024, gross capital formation in Kuwait stood at 24.30 billion current US$.
That represents a change of down 17.3% on the previous year and down 8.3% over ten years.
Over the whole period, gross capital formation in Kuwait peaked at 35.42 billion current US$ in 2018 and was at its lowest, 330.40 million current US$, in 1965.
Kuwait ranks 71st of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 330.40 million current US$ | — |
| 1966 | 422.80 million current US$ | +28.0% |
| 1967 | 520.80 million current US$ | +23.2% |
| 1968 | 478.80 million current US$ | -8.1% |
| 1969 | 529.20 million current US$ | +10.5% |
| 1970 | 348.32 million current US$ | -34.2% |
| 1971 | 363.94 million current US$ | +4.5% |
| 1972 | 414.05 million current US$ | +13.8% |
| 1973 | 514.55 million current US$ | +24.3% |
| 1974 | 881.46 million current US$ | +71.3% |
| 1975 | 1.53 billion current US$ | +73.6% |
| 1976 | 2.17 billion current US$ | +42.0% |
| 1977 | 3.30 billion current US$ | +51.7% |
| 1978 | 3.14 billion current US$ | -4.8% |
| 1979 | 3.38 billion current US$ | +7.7% |
| 1980 | 3.99 billion current US$ | +18.0% |
| 1981 | 4.17 billion current US$ | +4.5% |
| 1982 | 5.44 billion current US$ | +30.4% |
| 1983 | 5.17 billion current US$ | -4.8% |
| 1984 | 4.56 billion current US$ | -11.8% |
| 1985 | 4.04 billion current US$ | -11.4% |
| 1986 | 3.96 billion current US$ | -2.1% |
| 1987 | 3.92 billion current US$ | -0.9% |
| 1988 | 3.25 billion current US$ | -17.2% |
| 1989 | 2.99 billion current US$ | -7.9% |
| 1990 | 3.25 billion current US$ | +8.6% |
| 1991 | 4.61 billion current US$ | +41.9% |
| 1992 | 4.44 billion current US$ | -3.6% |
| 1993 | 4.12 billion current US$ | -7.3% |
| 1994 | 4.01 billion current US$ | -2.5% |
| 1995 | 4.01 billion current US$ | -0.0% |
| 1996 | 4.76 billion current US$ | +18.5% |
| 1997 | 4.14 billion current US$ | -13.0% |
| 1998 | 4.79 billion current US$ | +15.6% |
| 1999 | 4.38 billion current US$ | -8.4% |
| 2000 | 4.02 billion current US$ | -8.2% |
| 2001 | 4.99 billion current US$ | +24.1% |
| 2002 | 6.53 billion current US$ | +30.9% |
| 2003 | 7.96 billion current US$ | +21.9% |
| 2004 | 10.81 billion current US$ | +35.7% |
| 2005 | 13.27 billion current US$ | +22.8% |
| 2006 | 16.41 billion current US$ | +23.6% |
| 2007 | 23.45 billion current US$ | +42.9% |
| 2008 | 25.98 billion current US$ | +10.8% |
| 2009 | 19.04 billion current US$ | -26.7% |
| 2010 | 20.38 billion current US$ | +7.1% |
| 2011 | 20.87 billion current US$ | +2.4% |
| 2012 | 22.34 billion current US$ | +7.0% |
| 2013 | 25.00 billion current US$ | +11.9% |
| 2014 | 26.50 billion current US$ | +6.0% |
| 2015 | 29.14 billion current US$ | +10.0% |
| 2016 | 32.78 billion current US$ | +12.5% |
| 2017 | 33.47 billion current US$ | +2.1% |
| 2018 | 35.42 billion current US$ | +5.8% |
| 2019 | 32.40 billion current US$ | -8.5% |
| 2020 | 20.71 billion current US$ | -36.1% |
| 2021 | 21.46 billion current US$ | +3.6% |
| 2022 | 30.37 billion current US$ | +41.5% |
| 2023 | 29.39 billion current US$ | -3.2% |
| 2024 | 24.30 billion current US$ | -17.3% |
Kuwait compared with similar countries
- Kuwait's 24.30 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 50% of the median. (67 countries reporting)
- Kuwait's 24.30 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 24.30 billion current US$, 1.0× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 456.40 million current US$ | 330.40 million current US$ | 529.20 million current US$ | 5 |
| 1970s | 1.60 billion current US$ | 348.32 million current US$ | 3.38 billion current US$ | 10 |
| 1980s | 4.15 billion current US$ | 2.99 billion current US$ | 5.44 billion current US$ | 10 |
| 1990s | 4.25 billion current US$ | 3.25 billion current US$ | 4.79 billion current US$ | 10 |
| 2000s | 13.25 billion current US$ | 4.02 billion current US$ | 25.98 billion current US$ | 10 |
| 2010s | 27.83 billion current US$ | 20.38 billion current US$ | 35.42 billion current US$ | 10 |
| 2020s | 25.25 billion current US$ | 20.71 billion current US$ | 30.37 billion current US$ | 5 |
Countries ranked near Kuwait
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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Kuwait?
- Gross capital formation in Kuwait was 24.30 billion current US$ 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 35.42 billion current US$ in 2018.
- What is the lowest gross capital formation recorded in Kuwait?
- The lowest recorded value was 330.40 million current US$ in 1965.
- How does Kuwait rank for gross capital formation?
- Kuwait ranks 71st 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 8.3%. 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 US$). 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 indicator is expressed in United States dollars.