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% |
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)
- Gross capital formation (current US$), annual growth rate -17.31 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.151 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 4,962 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -17.44 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.0463 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1,522 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -18.28 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1447 constant 2015 US$ per US$ of GDP (2024)
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.