Gross domestic product (GDP), Current prices, Domestic currency in Kuwait
Kuwait: Gross domestic product (GDP), Current prices, Domestic currency was -3.77 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Kuwait, 1971–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Kuwait recorded -3.77 % change on previous year for gross domestic product (gdp), current prices, domestic currency in 2019.
The figure is down 123.5% on the previous year and up 83.6% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Kuwait peaked at 137.8 % change on previous year in 1974 and was at its lowest, -41.23 % change on previous year, in 1991.
That places Kuwait 188th out of 194 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 34.7 % change on previous year | — |
| 1972 | 5.86 % change on previous year | -83.1% |
| 1973 | 9.57 % change on previous year | +63.3% |
| 1974 | 137.8 % change on previous year | +1340.1% |
| 1975 | -8.58 % change on previous year | -106.2% |
| 1976 | 10.07 % change on previous year | -217.4% |
| 1977 | 5.63 % change on previous year | -44.1% |
| 1978 | 5.23 % change on previous year | -7.1% |
| 1979 | 60.41 % change on previous year | +1054.7% |
| 1980 | 13.38 % change on previous year | -77.9% |
| 1981 | -9.23 % change on previous year | -169.0% |
| 1982 | -11.72 % change on previous year | +26.9% |
| 1983 | -2.11 % change on previous year | -82.0% |
| 1984 | 5.62 % change on previous year | -366.7% |
| 1985 | 0.3891 % change on previous year | -93.1% |
| 1986 | -19.33 % change on previous year | -5068.7% |
| 1987 | 19.8 % change on previous year | -202.4% |
| 1988 | -7.38 % change on previous year | -137.3% |
| 1989 | 23.73 % change on previous year | -421.6% |
| 1990 | -25.41 % change on previous year | -207.1% |
| 1991 | -41.23 % change on previous year | +62.3% |
| 1992 | 86.07 % change on previous year | -308.7% |
| 1993 | 24.12 % change on previous year | -72.0% |
| 1994 | 2.06 % change on previous year | -91.5% |
| 1995 | 7.38 % change on previous year | +258.4% |
| 1996 | 18.98 % change on previous year | +157.0% |
| 1997 | -2.35 % change on previous year | -112.4% |
| 1998 | -14.12 % change on previous year | +499.7% |
| 1999 | 15.97 % change on previous year | -213.1% |
| 2000 | 26.17 % change on previous year | +63.9% |
| 2001 | -7.52 % change on previous year | -128.7% |
| 2002 | 8.32 % change on previous year | -210.6% |
| 2003 | 23.1 % change on previous year | +177.7% |
| 2004 | 22.77 % change on previous year | -1.4% |
| 2005 | 34.69 % change on previous year | +52.3% |
| 2006 | 24.91 % change on previous year | -28.2% |
| 2007 | 10.56 % change on previous year | -57.6% |
| 2008 | 21.6 % change on previous year | +104.7% |
| 2009 | -23.03 % change on previous year | -206.6% |
| 2010 | 8.47 % change on previous year | -136.8% |
| 2011 | 28.52 % change on previous year | +236.7% |
| 2012 | 14.61 % change on previous year | -48.8% |
| 2013 | 1.38 % change on previous year | -90.6% |
| 2014 | -6.29 % change on previous year | -557.4% |
| 2015 | -25.52 % change on previous year | +305.7% |
| 2016 | -4.11 % change on previous year | -83.9% |
| 2017 | 10.75 % change on previous year | -361.6% |
| 2018 | 16.02 % change on previous year | +49.0% |
| 2019 | -3.77 % change on previous year | -123.5% |
Kuwait compared with similar countries
- Kuwait's -3.77 % change on previous year is below the median for high income countries, which is 3.62 % change on previous year. (65 countries reporting)
- Kuwait's -3.77 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.15 % change on previous year. (22 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | -5068.7% | 0.3891 % change on previous year | -19.33 % change on previous year |
| 1974 | +1340.1% | 9.57 % change on previous year | 137.8 % change on previous year |
| 1979 | +1054.7% | 5.23 % change on previous year | 60.41 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.97 % change on previous year | -8.58 % change on previous year | 137.8 % change on previous year | 9 |
| 1980s | 1.31 % change on previous year | -19.33 % change on previous year | 23.73 % change on previous year | 10 |
| 1990s | 7.15 % change on previous year | -41.23 % change on previous year | 86.07 % change on previous year | 10 |
| 2000s | 14.16 % change on previous year | -23.03 % change on previous year | 34.69 % change on previous year | 10 |
| 2010s | 4 % change on previous year | -25.52 % change on previous year | 28.52 % change on previous year | 10 |
Countries ranked near Kuwait
- 185 Trinidad and Tobago -2.23 % change on previous year compare
- 186 Macao -2.25 % change on previous year compare
- 187 Lebanon -2.9 % change on previous year compare
- 189 Libya -3.86 % change on previous year compare
- 190 Qatar -4.13 % change on previous year compare
- 191 Oman -4.33 % change on previous year 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)
- IMF holdings of currency, SDR, annual growth rate -1.95 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 293.56 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0276 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 891.95 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Kuwait?
- Gross domestic product (gdp), current prices, domestic currency in Kuwait was -3.77 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Kuwait?
- The highest recorded value was 137.8 % change on previous year in 1974.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Kuwait?
- The lowest recorded value was -41.23 % change on previous year in 1991.
- How does Kuwait rank for gross domestic product (gdp), current prices, domestic currency?
- Kuwait ranks 188th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Kuwait?
- Over the last ten years it is up 83.6%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Current prices, Domestic currency International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.