Gross domestic product (GDP), per unit of GDP in Kuwait
Kuwait: Gross domestic product (GDP), per unit of GDP was 1.61 international-$ in 2021 prices per US$ of GDP in 2023. ◆ Volatile
Latest (2023)
1.61 international-$ in 2021 prices per US$ of GDP
Change on year
up 5.4%
World rank
121st
of 180 countries
All-time high
40.81 international-$ in 2021 prices per US$ of GDP
in 1970
All-time low
1.53 international-$ in 2021 prices per US$ of GDP
in 2022
Years of data
54
1970–2023
Gross domestic product (GDP), per unit of GDP in Kuwait, 1970–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
In 2023, gross domestic product (gdp), per unit of gdp in Kuwait stood at 1.61 international-$ in 2021 prices per US$ of GDP.
That represents a change of up 5.4% on the previous year and down 22.7% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Kuwait peaked at 40.81 international-$ in 2021 prices per US$ of GDP in 1970 and was at its lowest, 1.53 international-$ in 2021 prices per US$ of GDP, in 2022.
That places Kuwait 121st out of 180 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), per unit of GDP in Kuwait, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1970 | 40.81 international-$ in 2021 prices per US$ of GDP | — |
| 1971 | 31.18 international-$ in 2021 prices per US$ of GDP | -23.6% |
| 1972 | 28.32 international-$ in 2021 prices per US$ of GDP | -9.2% |
| 1973 | 21.38 international-$ in 2021 prices per US$ of GDP | -24.5% |
| 1974 | 8.09 international-$ in 2021 prices per US$ of GDP | -62.2% |
| 1975 | 7.79 international-$ in 2021 prices per US$ of GDP | -3.7% |
| 1976 | 7.86 international-$ in 2021 prices per US$ of GDP | +0.9% |
| 1977 | 7.53 international-$ in 2021 prices per US$ of GDP | -4.3% |
| 1978 | 6.9 international-$ in 2021 prices per US$ of GDP | -8.3% |
| 1979 | 5.06 international-$ in 2021 prices per US$ of GDP | -26.7% |
| 1980 | 3.44 international-$ in 2021 prices per US$ of GDP | -32.1% |
| 1981 | 3.34 international-$ in 2021 prices per US$ of GDP | -2.8% |
| 1982 | 3.55 international-$ in 2021 prices per US$ of GDP | +6.3% |
| 1983 | 3.75 international-$ in 2021 prices per US$ of GDP | +5.6% |
| 1984 | 3.7 international-$ in 2021 prices per US$ of GDP | -1.3% |
| 1985 | 3.38 international-$ in 2021 prices per US$ of GDP | -8.6% |
| 1986 | 3.36 international-$ in 2021 prices per US$ of GDP | -0.8% |
| 1987 | 3.18 international-$ in 2021 prices per US$ of GDP | -5.2% |
| 1988 | 3.04 international-$ in 2021 prices per US$ of GDP | -4.5% |
| 1989 | 2.96 international-$ in 2021 prices per US$ of GDP | -2.7% |
| 1990 | 2.89 international-$ in 2021 prices per US$ of GDP | -2.2% |
| 1991 | 2.87 international-$ in 2021 prices per US$ of GDP | -0.7% |
| 1992 | 3.17 international-$ in 2021 prices per US$ of GDP | +10.4% |
| 1993 | 3.47 international-$ in 2021 prices per US$ of GDP | +9.6% |
| 1994 | 3.53 international-$ in 2021 prices per US$ of GDP | +1.7% |
| 1995 | 3.29 international-$ in 2021 prices per US$ of GDP | -6.9% |
| 1996 | 3.05 international-$ in 2021 prices per US$ of GDP | -7.2% |
| 1997 | 3.18 international-$ in 2021 prices per US$ of GDP | +4.2% |
| 1998 | 3.84 international-$ in 2021 prices per US$ of GDP | +20.8% |
| 1999 | 3.11 international-$ in 2021 prices per US$ of GDP | -19.1% |
| 2000 | 2.76 international-$ in 2021 prices per US$ of GDP | -11.1% |
| 2001 | 2.77 international-$ in 2021 prices per US$ of GDP | +0.5% |
| 2002 | 2.64 international-$ in 2021 prices per US$ of GDP | -4.9% |
| 2003 | 2.62 international-$ in 2021 prices per US$ of GDP | -0.7% |
| 2004 | 2.58 international-$ in 2021 prices per US$ of GDP | -1.3% |
| 2005 | 2.5 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 2006 | 2.44 international-$ in 2021 prices per US$ of GDP | -2.4% |
| 2007 | 2.34 international-$ in 2021 prices per US$ of GDP | -4.1% |
| 2008 | 2.2 international-$ in 2021 prices per US$ of GDP | -5.6% |
| 2009 | 2.2 international-$ in 2021 prices per US$ of GDP | -0.0% |
| 2010 | 2.28 international-$ in 2021 prices per US$ of GDP | +3.5% |
| 2011 | 2.13 international-$ in 2021 prices per US$ of GDP | -6.5% |
| 2012 | 2.13 international-$ in 2021 prices per US$ of GDP | +0.0% |
| 2013 | 2.08 international-$ in 2021 prices per US$ of GDP | -2.5% |
| 2014 | 2.05 international-$ in 2021 prices per US$ of GDP | -1.5% |
| 2015 | 1.98 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 2016 | 2.07 international-$ in 2021 prices per US$ of GDP | +4.4% |
| 2017 | 2.03 international-$ in 2021 prices per US$ of GDP | -1.8% |
| 2018 | 1.97 international-$ in 2021 prices per US$ of GDP | -3.1% |
| 2019 | 1.97 international-$ in 2021 prices per US$ of GDP | -0.1% |
| 2020 | 2.34 international-$ in 2021 prices per US$ of GDP | +19.1% |
| 2021 | 1.72 international-$ in 2021 prices per US$ of GDP | -26.4% |
| 2022 | 1.53 international-$ in 2021 prices per US$ of GDP | -11.5% |
| 2023 | 1.61 international-$ in 2021 prices per US$ of GDP | +5.4% |
Kuwait compared with similar countries
- Kuwait's 1.61 international-$ in 2021 prices per US$ of GDP is above the median for high income countries, which is 1.23 international-$ in 2021 prices per US$ of GDP, 1.3× the median. (65 countries reporting)
- Kuwait's 1.61 international-$ in 2021 prices per US$ of GDP is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.08 international-$ in 2021 prices per US$ of GDP, 77% of the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), per unit of GDP 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 | -62.2% | 21.38 international-$ in 2021 prices per US$ of GDP | 8.09 international-$ in 2021 prices per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.49 international-$ in 2021 prices per US$ of GDP | 5.06 international-$ in 2021 prices per US$ of GDP | 40.81 international-$ in 2021 prices per US$ of GDP | 10 |
| 1980s | 3.37 international-$ in 2021 prices per US$ of GDP | 2.96 international-$ in 2021 prices per US$ of GDP | 3.75 international-$ in 2021 prices per US$ of GDP | 10 |
| 1990s | 3.24 international-$ in 2021 prices per US$ of GDP | 2.87 international-$ in 2021 prices per US$ of GDP | 3.84 international-$ in 2021 prices per US$ of GDP | 10 |
| 2000s | 2.51 international-$ in 2021 prices per US$ of GDP | 2.2 international-$ in 2021 prices per US$ of GDP | 2.77 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 2.07 international-$ in 2021 prices per US$ of GDP | 1.97 international-$ in 2021 prices per US$ of GDP | 2.28 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 1.8 international-$ in 2021 prices per US$ of GDP | 1.53 international-$ in 2021 prices per US$ of GDP | 2.34 international-$ in 2021 prices per US$ of GDP | 4 |
Countries ranked near Kuwait
- 118 Democratic Republic of Congo 1.62 international-$ in 2021 prices per US$ of GDP compare
- 119 Dominica 1.62 international-$ in 2021 prices per US$ of GDP compare
- 120 Saudi Arabia 1.61 international-$ in 2021 prices per US$ of GDP compare
- 122 Belize 1.6 international-$ in 2021 prices per US$ of GDP compare
- 123 Hungary 1.6 international-$ in 2021 prices per US$ of GDP compare
- 124 South Korea 1.58 international-$ in 2021 prices per US$ of GDP 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)
- 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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Kuwait?
- Gross domestic product (gdp), per unit of gdp in Kuwait was 1.61 international-$ in 2021 prices per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Kuwait?
- The highest recorded value was 40.81 international-$ in 2021 prices per US$ of GDP in 1970.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Kuwait?
- The lowest recorded value was 1.53 international-$ in 2021 prices per US$ of GDP in 2022.
- How does Kuwait rank for gross domestic product (gdp), per unit of gdp?
- Kuwait ranks 121st out of 180 countries with data for 2023.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Kuwait?
- Over the last ten years it is down 22.7%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.