Gross domestic product (GDP), Current prices, Domestic currency in Kuwait
Kuwait: Gross domestic product (GDP), Current prices, Domestic currency was 40.87 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Kuwait, 1970–2019
Source: International Monetary Fund.
Analysis
In 2019, gross domestic product (gdp), current prices, domestic currency in Kuwait stood at 40.87.
That represents a change of down 3.8% on the previous year and up 34.0% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Kuwait peaked at 49.39 in 2013 and was at its lowest, 1.03, in 1970.
That places Kuwait 153rd 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 | Value | Change |
|---|---|---|
| 1970 | 1.03 | — |
| 1971 | 1.38 | +34.7% |
| 1972 | 1.46 | +5.9% |
| 1973 | 1.6 | +9.6% |
| 1974 | 3.81 | +137.8% |
| 1975 | 3.48 | -8.6% |
| 1976 | 3.84 | +10.1% |
| 1977 | 4.05 | +5.6% |
| 1978 | 4.26 | +5.2% |
| 1979 | 6.84 | +60.4% |
| 1980 | 7.75 | +13.4% |
| 1981 | 7.04 | -9.2% |
| 1982 | 6.21 | -11.7% |
| 1983 | 6.08 | -2.1% |
| 1984 | 6.42 | +5.6% |
| 1985 | 6.45 | +0.4% |
| 1986 | 5.2 | -19.3% |
| 1987 | 6.23 | +19.8% |
| 1988 | 5.77 | -7.4% |
| 1989 | 7.14 | +23.7% |
| 1990 | 5.33 | -25.4% |
| 1991 | 3.13 | -41.2% |
| 1992 | 5.83 | +86.1% |
| 1993 | 7.23 | +24.1% |
| 1994 | 7.38 | +2.1% |
| 1995 | 7.92 | +7.4% |
| 1996 | 9.43 | +19.0% |
| 1997 | 9.21 | -2.4% |
| 1998 | 7.91 | -14.1% |
| 1999 | 9.17 | +16.0% |
| 2000 | 11.57 | +26.2% |
| 2001 | 10.7 | -7.5% |
| 2002 | 11.59 | +8.3% |
| 2003 | 14.27 | +23.1% |
| 2004 | 17.52 | +22.8% |
| 2005 | 23.59 | +34.7% |
| 2006 | 29.47 | +24.9% |
| 2007 | 32.58 | +10.6% |
| 2008 | 39.62 | +21.6% |
| 2009 | 30.5 | -23.0% |
| 2010 | 33.08 | +8.5% |
| 2011 | 42.51 | +28.5% |
| 2012 | 48.72 | +14.6% |
| 2013 | 49.39 | +1.4% |
| 2014 | 46.28 | -6.3% |
| 2015 | 34.47 | -25.5% |
| 2016 | 33.06 | -4.1% |
| 2017 | 36.61 | +10.8% |
| 2018 | 42.47 | +16.0% |
| 2019 | 40.87 | -3.8% |
Kuwait compared with similar countries
- Kuwait's 40.87 is below the median for high income countries, which is 434.67, 9% of the median. (65 countries reporting)
- Kuwait's 40.87 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1,398, 3% of the median. (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 |
|---|---|---|---|
| 1974 | +137.8% | 1.6 | 3.81 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.18 | 1.03 | 6.84 | 10 |
| 1980s | 6.43 | 5.2 | 7.75 | 10 |
| 1990s | 7.25 | 3.13 | 9.43 | 10 |
| 2000s | 22.14 | 10.7 | 39.62 | 10 |
| 2010s | 40.75 | 33.06 | 49.39 | 10 |
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0124 units per US$ of GDP (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 40.87 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Kuwait?
- The highest recorded value was 49.39 in 2013.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Kuwait?
- The lowest recorded value was 1.03 in 1970.
- How does Kuwait rank for gross domestic product (gdp), current prices, domestic currency?
- Kuwait ranks 153rd 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 34.0%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Domestic currency. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.