Gross domestic income in Kuwait
Kuwait: Gross domestic income was 36.28 billion constant LCU in 2024. ▼ Falling
Gross domestic income in Kuwait, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, gross domestic income in Kuwait stood at 36.28 billion constant LCU.
Compared with earlier readings it is down 5.4% on the previous year and down 11.7% over ten years.
Over the whole period, gross domestic income in Kuwait peaked at 45.75 billion constant LCU in 2012 and was at its lowest, 27.15 billion constant LCU, in 2020.
Kuwait ranks 142nd of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Gross domestic income in Kuwait, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2010 | 33.08 billion constant LCU | — |
| 2011 | 40.92 billion constant LCU | +23.7% |
| 2012 | 45.75 billion constant LCU | +11.8% |
| 2013 | 44.92 billion constant LCU | -1.8% |
| 2014 | 41.09 billion constant LCU | -8.5% |
| 2015 | 29.94 billion constant LCU | -27.1% |
| 2016 | 28.05 billion constant LCU | -6.3% |
| 2017 | 30.54 billion constant LCU | +8.9% |
| 2018 | 34.56 billion constant LCU | +13.2% |
| 2019 | 34.65 billion constant LCU | +0.3% |
| 2020 | 27.15 billion constant LCU | -21.6% |
| 2021 | 34.63 billion constant LCU | +27.5% |
| 2022 | 43.31 billion constant LCU | +25.0% |
| 2023 | 38.33 billion constant LCU | -11.5% |
| 2024 | 36.28 billion constant LCU | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 36.35 billion constant LCU | 28.05 billion constant LCU | 45.75 billion constant LCU | 10 |
| 2020s | 35.94 billion constant LCU | 27.15 billion constant LCU | 43.31 billion constant LCU | 5 |
Countries ranked near Kuwait
- 139 Bosnia and Herzegovina 43.69 billion constant LCU compare
- 140 Turkmenistan 43.61 billion constant LCU
- 141 Oman 37.67 billion constant LCU compare
- 143 Latvia 32.29 billion constant LCU compare
- 144 Eritrea 31.75 billion constant LCU
- 145 Cyprus 30.75 billion constant LCU 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)
- GDP (constant 2015 US$), annual growth rate 2.73 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7725 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 24,963 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.73 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.2666 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 8,614 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -14.56 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.3262 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic income in Kuwait?
- Gross domestic income in Kuwait was 36.28 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Kuwait?
- The highest recorded value was 45.75 billion constant LCU in 2012.
- What is the lowest gross domestic income recorded in Kuwait?
- The lowest recorded value was 27.15 billion constant LCU in 2020.
- How does Kuwait rank for gross domestic income?
- Kuwait ranks 142nd out of 178 countries with data for 2024.
- Is gross domestic income rising or falling in Kuwait?
- Over the last ten years it is down 11.7%. The long-run trend across the full record is falling.
- 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 domestic income (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. 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.