Gross Domestic Product — Value US$ in Kuwait
Kuwait: Gross Domestic Product — Value US$ was 158,600 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Kuwait recorded 158,600 million USD for gross domestic product — value us$ in 2024.
The figure is down 3.1% on the previous year and down 2.5% over ten years.
Over the whole period, gross domestic product — value us$ in Kuwait peaked at 183,940 million USD in 2022 and was at its lowest, 2,873 million USD, in 1970.
That places Kuwait 68th out of 236 countries with data for 2024, 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 — Value US$ in Kuwait, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 2,873 million USD | — |
| 1971 | 3,881 million USD | +35.1% |
| 1972 | 4,448 million USD | +14.6% |
| 1973 | 5,405 million USD | +21.5% |
| 1974 | 13,004 million USD | +140.6% |
| 1975 | 12,016 million USD | -7.6% |
| 1976 | 13,120 million USD | +9.2% |
| 1977 | 14,140 million USD | +7.8% |
| 1978 | 15,502 million USD | +9.6% |
| 1979 | 24,750 million USD | +59.7% |
| 1980 | 28,691 million USD | +15.9% |
| 1981 | 25,249 million USD | -12.0% |
| 1982 | 21,583 million USD | -14.5% |
| 1983 | 20,870 million USD | -3.3% |
| 1984 | 21,702 million USD | +4.0% |
| 1985 | 21,446 million USD | -1.2% |
| 1986 | 17,905 million USD | -16.5% |
| 1987 | 22,368 million USD | +24.9% |
| 1988 | 20,690 million USD | -7.5% |
| 1989 | 24,314 million USD | +17.5% |
| 1990 | 18,471 million USD | -24.0% |
| 1991 | 11,014 million USD | -40.4% |
| 1992 | 19,869 million USD | +80.4% |
| 1993 | 23,956 million USD | +20.6% |
| 1994 | 24,859 million USD | +3.8% |
| 1995 | 26,554 million USD | +6.8% |
| 1996 | 31,492 million USD | +18.6% |
| 1997 | 30,351 million USD | -3.6% |
| 1998 | 25,945 million USD | -14.5% |
| 1999 | 30,123 million USD | +16.1% |
| 2000 | 37,718 million USD | +25.2% |
| 2001 | 34,890 million USD | -7.5% |
| 2002 | 38,136 million USD | +9.3% |
| 2003 | 47,874 million USD | +25.5% |
| 2004 | 59,437 million USD | +24.2% |
| 2005 | 80,798 million USD | +35.9% |
| 2006 | 101,559 million USD | +25.7% |
| 2007 | 114,635 million USD | +12.9% |
| 2008 | 147,380 million USD | +28.6% |
| 2009 | 105,968 million USD | -28.1% |
| 2010 | 115,416 million USD | +8.9% |
| 2011 | 154,041 million USD | +33.5% |
| 2012 | 174,047 million USD | +13.0% |
| 2013 | 174,168 million USD | +0.1% |
| 2014 | 162,651 million USD | -6.6% |
| 2015 | 114,585 million USD | -29.6% |
| 2016 | 109,406 million USD | -4.5% |
| 2017 | 120,688 million USD | +10.3% |
| 2018 | 138,646 million USD | +14.9% |
| 2019 | 140,856 million USD | +1.6% |
| 2020 | 111,045 million USD | -21.2% |
| 2021 | 148,459 million USD | +33.7% |
| 2022 | 183,940 million USD | +23.9% |
| 2023 | 163,705 million USD | -11.0% |
| 2024 | 158,600 million USD | -3.1% |
Kuwait compared with similar countries
- Kuwait's 158,600 million USD is above the median for high income countries, which is 95,350 million USD, 1.7× the median. (73 countries reporting)
- Kuwait's 158,600 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 80,409 million USD, 2.0× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10,914 million USD | 2,873 million USD | 24,750 million USD | 10 |
| 1980s | 22,482 million USD | 17,905 million USD | 28,691 million USD | 10 |
| 1990s | 24,264 million USD | 11,014 million USD | 31,492 million USD | 10 |
| 2000s | 76,839 million USD | 34,890 million USD | 147,380 million USD | 10 |
| 2010s | 140,450 million USD | 109,406 million USD | 174,168 million USD | 10 |
| 2020s | 153,150 million USD | 111,045 million USD | 183,940 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)
- SDRs holdings, US dollar, annual growth rate 5.56 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0284 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 916.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.517 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 668.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.97 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Kuwait?
- Gross domestic product — value us$ in Kuwait was 158,600 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Kuwait?
- The highest recorded value was 183,940 million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Kuwait?
- The lowest recorded value was 2,873 million USD in 1970.
- How does Kuwait rank for gross domestic product — value us$?
- Kuwait ranks 68th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Kuwait?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is volatile.
- 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$. 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).