Gross Domestic Product — Value Standard Local Currency, 2015 prices in Kuwait
Kuwait: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.007 million SLC per person in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Kuwait, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Kuwait recorded 0.007 million SLC per person for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is down 3.4% on the previous year and down 24.9% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Kuwait peaked at 0.0209 million SLC per person in 1971 and was at its lowest, 0.0045 million SLC per person, in 1991.
That places Kuwait 179th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Kuwait, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0208 million SLC per person | — |
| 1971 | 0.0209 million SLC per person | +0.1% |
| 1972 | 0.0204 million SLC per person | -2.3% |
| 1973 | 0.0179 million SLC per person | -12.0% |
| 1974 | 0.0147 million SLC per person | -18.1% |
| 1975 | 0.0121 million SLC per person | -17.6% |
| 1976 | 0.0121 million SLC per person | -0.1% |
| 1977 | 0.0109 million SLC per person | -9.9% |
| 1978 | 0.011 million SLC per person | +0.8% |
| 1979 | 0.0118 million SLC per person | +7.2% |
| 1980 | 0.009 million SLC per person | -23.8% |
| 1981 | 0.0069 million SLC per person | -23.0% |
| 1982 | 0.0058 million SLC per person | -15.9% |
| 1983 | 0.006 million SLC per person | +2.9% |
| 1984 | 0.006 million SLC per person | +0.8% |
| 1985 | 0.0056 million SLC per person | -8.0% |
| 1986 | 0.0058 million SLC per person | +4.3% |
| 1987 | 0.006 million SLC per person | +3.9% |
| 1988 | 0.0052 million SLC per person | -13.5% |
| 1989 | 0.0063 million SLC per person | +21.2% |
| 1990 | 0.0061 million SLC per person | -2.9% |
| 1991 | 0.0045 million SLC per person | -26.5% |
| 1992 | 0.0068 million SLC per person | +51.1% |
| 1993 | 0.0089 million SLC per person | +30.8% |
| 1994 | 0.0097 million SLC per person | +9.1% |
| 1995 | 0.0097 million SLC per person | +0.3% |
| 1996 | 0.0098 million SLC per person | +0.1% |
| 1997 | 0.0097 million SLC per person | -0.8% |
| 1998 | 0.0097 million SLC per person | +0.5% |
| 1999 | 0.0093 million SLC per person | -4.7% |
| 2000 | 0.0094 million SLC per person | +1.8% |
| 2001 | 0.0092 million SLC per person | -2.4% |
| 2002 | 0.0092 million SLC per person | +0.4% |
| 2003 | 0.0106 million SLC per person | +14.5% |
| 2004 | 0.0114 million SLC per person | +7.8% |
| 2005 | 0.0122 million SLC per person | +6.7% |
| 2006 | 0.0124 million SLC per person | +1.7% |
| 2007 | 0.0124 million SLC per person | -0.1% |
| 2008 | 0.012 million SLC per person | -3.1% |
| 2009 | 0.0106 million SLC per person | -11.9% |
| 2010 | 0.0098 million SLC per person | -7.3% |
| 2011 | 0.0101 million SLC per person | +3.0% |
| 2012 | 0.0101 million SLC per person | +0.1% |
| 2013 | 0.0097 million SLC per person | -3.8% |
| 2014 | 0.0093 million SLC per person | -3.8% |
| 2015 | 0.009 million SLC per person | -3.8% |
| 2016 | 0.0089 million SLC per person | -1.4% |
| 2017 | 0.0081 million SLC per person | -8.2% |
| 2018 | 0.008 million SLC per person | -1.3% |
| 2019 | 0.008 million SLC per person | -0.5% |
| 2020 | 0.0077 million SLC per person | -3.9% |
| 2021 | 0.0079 million SLC per person | +3.2% |
| 2022 | 0.008 million SLC per person | +0.6% |
| 2023 | 0.0073 million SLC per person | -8.9% |
| 2024 | 0.007 million SLC per person | -3.4% |
Kuwait compared with similar countries
- Kuwait's 0.007 million SLC per person is below the median for high income countries, which is 0.0532 million SLC per person, 13% of the median. (73 countries reporting)
- Kuwait's 0.007 million SLC per person is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.0592 million SLC per person, 12% of the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 1992 | +51.1% | 0.0045 million SLC per person | 0.0068 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0153 million SLC per person | 0.0109 million SLC per person | 0.0209 million SLC per person | 10 |
| 1980s | 0.0063 million SLC per person | 0.0052 million SLC per person | 0.009 million SLC per person | 10 |
| 1990s | 0.0084 million SLC per person | 0.0045 million SLC per person | 0.0098 million SLC per person | 10 |
| 2000s | 0.0109 million SLC per person | 0.0092 million SLC per person | 0.0124 million SLC per person | 10 |
| 2010s | 0.0091 million SLC per person | 0.008 million SLC per person | 0.0101 million SLC per person | 10 |
| 2020s | 0.0076 million SLC per person | 0.007 million SLC per person | 0.008 million SLC per person | 5 |
Countries ranked near Kuwait
- 176 Montenegro 0.0077 million SLC per person compare
- 177 Cuba 0.0077 million SLC per person compare
- 178 Libya 0.007 million SLC per person compare
- 180 Papua New Guinea 0.007 million SLC per person compare
- 181 Oman 0.0067 million SLC per person compare
- 182 Tuvalu 0.0066 million SLC per person 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 — value standard local currency, 2015 prices in Kuwait?
- Gross domestic product — value standard local currency, 2015 prices in Kuwait was 0.007 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Kuwait?
- The highest recorded value was 0.0209 million SLC per person in 1971.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Kuwait?
- The lowest recorded value was 0.0045 million SLC per person in 1991.
- How does Kuwait rank for gross domestic product — value standard local currency, 2015 prices?
- Kuwait ranks 179th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Kuwait?
- Over the last ten years it is down 24.9%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.