Gross Domestic Product — Value Standard Local Currency, 2015 prices in Kuwait
Kuwait: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 34,368 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Kuwait stood at 34,368 million SLC.
The figure is down 2.6% on the previous year and up 0.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Kuwait peaked at 36,603 million SLC in 2022 and was at its lowest, 6,084 million SLC, in 1991.
Kuwait ranks 144th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Kuwait, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 16,867 million SLC | — |
| 1971 | 18,056 million SLC | +7.0% |
| 1972 | 18,760 million SLC | +3.9% |
| 1973 | 17,527 million SLC | -6.6% |
| 1974 | 15,250 million SLC | -13.0% |
| 1975 | 13,378 million SLC | -12.3% |
| 1976 | 14,262 million SLC | +6.6% |
| 1977 | 13,714 million SLC | -3.8% |
| 1978 | 14,722 million SLC | +7.4% |
| 1979 | 16,768 million SLC | +13.9% |
| 1980 | 13,513 million SLC | -19.4% |
| 1981 | 10,956 million SLC | -18.9% |
| 1982 | 9,669 million SLC | -11.7% |
| 1983 | 10,436 million SLC | +7.9% |
| 1984 | 10,983 million SLC | +5.2% |
| 1985 | 10,515 million SLC | -4.3% |
| 1986 | 11,416 million SLC | +8.6% |
| 1987 | 12,346 million SLC | +8.1% |
| 1988 | 11,105 million SLC | -10.1% |
| 1989 | 13,980 million SLC | +25.9% |
| 1990 | 10,313 million SLC | -26.2% |
| 1991 | 6,084 million SLC | -41.0% |
| 1992 | 11,122 million SLC | +82.8% |
| 1993 | 14,876 million SLC | +33.8% |
| 1994 | 16,160 million SLC | +8.6% |
| 1995 | 16,382 million SLC | +1.4% |
| 1996 | 16,872 million SLC | +3.0% |
| 1997 | 17,294 million SLC | +2.5% |
| 1998 | 17,927 million SLC | +3.7% |
| 1999 | 17,606 million SLC | -1.8% |
| 2000 | 18,431 million SLC | +4.7% |
| 2001 | 18,471 million SLC | +0.2% |
| 2002 | 19,028 million SLC | +3.0% |
| 2003 | 22,324 million SLC | +17.3% |
| 2004 | 24,610 million SLC | +10.2% |
| 2005 | 27,221 million SLC | +10.6% |
| 2006 | 29,267 million SLC | +7.5% |
| 2007 | 31,020 million SLC | +6.0% |
| 2008 | 31,790 million SLC | +2.5% |
| 2009 | 29,540 million SLC | -7.1% |
| 2010 | 28,840 million SLC | -2.4% |
| 2011 | 31,617 million SLC | +9.6% |
| 2012 | 33,712 million SLC | +6.6% |
| 2013 | 34,099 million SLC | +1.1% |
| 2014 | 34,270 million SLC | +0.5% |
| 2015 | 34,473 million SLC | +0.6% |
| 2016 | 35,482 million SLC | +2.9% |
| 2017 | 33,810 million SLC | -4.7% |
| 2018 | 34,738 million SLC | +2.7% |
| 2019 | 35,524 million SLC | +2.3% |
| 2020 | 33,813 million SLC | -4.8% |
| 2021 | 34,577 million SLC | +2.3% |
| 2022 | 36,603 million SLC | +5.9% |
| 2023 | 35,270 million SLC | -3.6% |
| 2024 | 34,368 million SLC | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15,930 million SLC | 13,378 million SLC | 18,760 million SLC | 10 |
| 1980s | 11,492 million SLC | 9,669 million SLC | 13,980 million SLC | 10 |
| 1990s | 14,464 million SLC | 6,084 million SLC | 17,927 million SLC | 10 |
| 2000s | 25,170 million SLC | 18,431 million SLC | 31,790 million SLC | 10 |
| 2010s | 33,656 million SLC | 28,840 million SLC | 35,524 million SLC | 10 |
| 2020s | 34,926 million SLC | 33,813 million SLC | 36,603 million SLC | 5 |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0774 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,502 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0237 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 766.72 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0778 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 2,512 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 706.21 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -8.38 % 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 34,368 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Kuwait?
- The highest recorded value was 36,603 million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Kuwait?
- The lowest recorded value was 6,084 million SLC in 1991.
- How does Kuwait rank for gross domestic product — value standard local currency, 2015 prices?
- Kuwait ranks 144th 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 up 0.3%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).