Gross Domestic Product — Value US$, 2015 prices in Kuwait
Kuwait: Gross Domestic Product — Value US$, 2015 prices was 114,234 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Kuwait recorded 114,234 million USD for gross domestic product — value us$, 2015 prices in 2024.
Compared with earlier readings it is down 2.6% on the previous year and up 0.3% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Kuwait peaked at 121,664 million USD in 2022 and was at its lowest, 20,223 million USD, in 1991.
That places Kuwait 61st out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Kuwait, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 56,066 million USD | — |
| 1971 | 60,015 million USD | +7.0% |
| 1972 | 62,356 million USD | +3.9% |
| 1973 | 58,259 million USD | -6.6% |
| 1974 | 50,690 million USD | -13.0% |
| 1975 | 44,468 million USD | -12.3% |
| 1976 | 47,406 million USD | +6.6% |
| 1977 | 45,582 million USD | -3.8% |
| 1978 | 48,934 million USD | +7.4% |
| 1979 | 55,736 million USD | +13.9% |
| 1980 | 44,917 million USD | -19.4% |
| 1981 | 36,417 million USD | -18.9% |
| 1982 | 32,138 million USD | -11.7% |
| 1983 | 34,689 million USD | +7.9% |
| 1984 | 36,508 million USD | +5.2% |
| 1985 | 34,951 million USD | -4.3% |
| 1986 | 37,945 million USD | +8.6% |
| 1987 | 41,036 million USD | +8.1% |
| 1988 | 36,911 million USD | -10.1% |
| 1989 | 46,468 million USD | +25.9% |
| 1990 | 34,280 million USD | -26.2% |
| 1991 | 20,223 million USD | -41.0% |
| 1992 | 36,969 million USD | +82.8% |
| 1993 | 49,447 million USD | +33.8% |
| 1994 | 53,715 million USD | +8.6% |
| 1995 | 54,453 million USD | +1.4% |
| 1996 | 56,082 million USD | +3.0% |
| 1997 | 57,484 million USD | +2.5% |
| 1998 | 59,586 million USD | +3.7% |
| 1999 | 58,521 million USD | -1.8% |
| 2000 | 61,263 million USD | +4.7% |
| 2001 | 61,395 million USD | +0.2% |
| 2002 | 63,248 million USD | +3.0% |
| 2003 | 74,204 million USD | +17.3% |
| 2004 | 81,802 million USD | +10.2% |
| 2005 | 90,480 million USD | +10.6% |
| 2006 | 97,280 million USD | +7.5% |
| 2007 | 103,109 million USD | +6.0% |
| 2008 | 105,666 million USD | +2.5% |
| 2009 | 98,189 million USD | -7.1% |
| 2010 | 95,861 million USD | -2.4% |
| 2011 | 105,091 million USD | +9.6% |
| 2012 | 112,055 million USD | +6.6% |
| 2013 | 113,343 million USD | +1.1% |
| 2014 | 113,909 million USD | +0.5% |
| 2015 | 114,585 million USD | +0.6% |
| 2016 | 117,939 million USD | +2.9% |
| 2017 | 112,381 million USD | -4.7% |
| 2018 | 115,464 million USD | +2.7% |
| 2019 | 118,078 million USD | +2.3% |
| 2020 | 112,390 million USD | -4.8% |
| 2021 | 114,930 million USD | +2.3% |
| 2022 | 121,664 million USD | +5.9% |
| 2023 | 117,235 million USD | -3.6% |
| 2024 | 114,234 million USD | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52,951 million USD | 44,468 million USD | 62,356 million USD | 10 |
| 1980s | 38,198 million USD | 32,138 million USD | 46,468 million USD | 10 |
| 1990s | 48,076 million USD | 20,223 million USD | 59,586 million USD | 10 |
| 2000s | 83,664 million USD | 61,263 million USD | 105,666 million USD | 10 |
| 2010s | 111,871 million USD | 95,861 million USD | 118,078 million USD | 10 |
| 2020s | 116,091 million USD | 112,390 million USD | 121,664 million USD | 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)
- GNI (current LCU), annual growth rate -2.06 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.3698 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 12,148 current LCU per person (2024)
- Net primary income (Net income from abroad) (current US$), annual 2.48 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 2.32 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 4.27 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP -0.075 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita -2,423 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Kuwait?
- Gross domestic product — value us$, 2015 prices in Kuwait was 114,234 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Kuwait?
- The highest recorded value was 121,664 million USD in 2022.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Kuwait?
- The lowest recorded value was 20,223 million USD in 1991.
- How does Kuwait rank for gross domestic product — value us$, 2015 prices?
- Kuwait ranks 61st out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).