Gross Domestic Product — Value Standard Local Currency, annual growth in Kuwait
Kuwait: Gross Domestic Product — Value Standard Local Currency, annual growth was -3.27 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Kuwait, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Kuwait recorded -3.27 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
The figure is up 69.5% on the previous year and up 48.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Kuwait peaked at 137.8 % change on previous year in 1974 and was at its lowest, -41.23 % change on previous year, in 1991.
That places Kuwait 216th out of 218 countries with data for 2024, 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 — Value Standard Local Currency, annual growth in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 34.7 % change on previous year | — |
| 1972 | 5.86 % change on previous year | -83.1% |
| 1973 | 9.57 % change on previous year | +63.3% |
| 1974 | 137.8 % change on previous year | +1340.1% |
| 1975 | -8.58 % change on previous year | -106.2% |
| 1976 | 10.07 % change on previous year | -217.4% |
| 1977 | 5.63 % change on previous year | -44.1% |
| 1978 | 5.23 % change on previous year | -7.1% |
| 1979 | 60.41 % change on previous year | +1054.7% |
| 1980 | 13.38 % change on previous year | -77.9% |
| 1981 | -9.23 % change on previous year | -169.0% |
| 1982 | -11.72 % change on previous year | +26.9% |
| 1983 | -2.11 % change on previous year | -82.0% |
| 1984 | 5.62 % change on previous year | -366.7% |
| 1985 | 0.3891 % change on previous year | -93.1% |
| 1986 | -19.33 % change on previous year | -5068.7% |
| 1987 | 19.8 % change on previous year | -202.4% |
| 1988 | -7.38 % change on previous year | -137.3% |
| 1989 | 23.73 % change on previous year | -421.6% |
| 1990 | -25.41 % change on previous year | -207.1% |
| 1991 | -41.23 % change on previous year | +62.3% |
| 1992 | 86.07 % change on previous year | -308.7% |
| 1993 | 24.12 % change on previous year | -72.0% |
| 1994 | 2.06 % change on previous year | -91.5% |
| 1995 | 7.38 % change on previous year | +258.4% |
| 1996 | 18.98 % change on previous year | +157.0% |
| 1997 | -2.35 % change on previous year | -112.4% |
| 1998 | -14.12 % change on previous year | +499.7% |
| 1999 | 15.97 % change on previous year | -213.1% |
| 2000 | 26.17 % change on previous year | +63.9% |
| 2001 | -7.52 % change on previous year | -128.7% |
| 2002 | 8.32 % change on previous year | -210.6% |
| 2003 | 23.1 % change on previous year | +177.7% |
| 2004 | 22.77 % change on previous year | -1.4% |
| 2005 | 34.69 % change on previous year | +52.3% |
| 2006 | 24.91 % change on previous year | -28.2% |
| 2007 | 10.56 % change on previous year | -57.6% |
| 2008 | 21.6 % change on previous year | +104.7% |
| 2009 | -23.03 % change on previous year | -206.6% |
| 2010 | 8.47 % change on previous year | -136.8% |
| 2011 | 28.52 % change on previous year | +236.7% |
| 2012 | 14.61 % change on previous year | -48.8% |
| 2013 | 1.38 % change on previous year | -90.6% |
| 2014 | -6.29 % change on previous year | -557.4% |
| 2015 | -25.52 % change on previous year | +305.7% |
| 2016 | -4.11 % change on previous year | -83.9% |
| 2017 | 10.75 % change on previous year | -361.6% |
| 2018 | 14.35 % change on previous year | +33.5% |
| 2019 | 2.15 % change on previous year | -85.0% |
| 2020 | -20.48 % change on previous year | -1052.3% |
| 2021 | 31.69 % change on previous year | -254.7% |
| 2022 | 25.79 % change on previous year | -18.6% |
| 2023 | -10.73 % change on previous year | -141.6% |
| 2024 | -3.27 % change on previous year | -69.5% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1986 | -5068.7% | 0.3891 % change on previous year | -19.33 % change on previous year |
| 1974 | +1340.1% | 9.57 % change on previous year | 137.8 % change on previous year |
| 1979 | +1054.7% | 5.23 % change on previous year | 60.41 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.97 % change on previous year | -8.58 % change on previous year | 137.8 % change on previous year | 9 |
| 1980s | 1.31 % change on previous year | -19.33 % change on previous year | 23.73 % change on previous year | 10 |
| 1990s | 7.15 % change on previous year | -41.23 % change on previous year | 86.07 % change on previous year | 10 |
| 2000s | 14.16 % change on previous year | -23.03 % change on previous year | 34.69 % change on previous year | 10 |
| 2010s | 4.43 % change on previous year | -25.52 % change on previous year | 28.52 % change on previous year | 10 |
| 2020s | 4.6 % change on previous year | -20.48 % change on previous year | 31.69 % change on previous year | 5 |
Countries ranked near Kuwait
- 213 Oman 0.9888 % change on previous year compare
- 214 Saint Kitts and Nevis 0.9397 % change on previous year compare
- 215 Botswana -0.2984 % change on previous year compare
- 217 East Timor -9.55 % change on previous year compare
- 218 Palestine -23.18 % change on previous year 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, annual growth in Kuwait?
- Gross domestic product — value standard local currency, annual growth in Kuwait was -3.27 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Kuwait?
- The highest recorded value was 137.8 % change on previous year in 1974.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Kuwait?
- The lowest recorded value was -41.23 % change on previous year in 1991.
- How does Kuwait rank for gross domestic product — value standard local currency, annual growth?
- Kuwait ranks 216th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Kuwait?
- Over the last ten years it is up 48.0%. 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 — Value Standard Local Currency, annual growth rate. 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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.