Gross domestic savings (current LCU) in Kuwait
Kuwait: Gross domestic savings was 16.10 billion current LCU in 2024. ◆ Volatile
Latest (2024)
16.10 billion current LCU
Change on year
down 14.7%
World rank
129th
of 188 countries
All-time high
29.86 billion current LCU
in 2012
All-time low
-2.17 billion current LCU
in 1991
Years of data
60
1965–2024
Gross domestic savings in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kuwait recorded 16.10 billion current LCU for gross domestic savings in 2024.
Compared with earlier readings it is down 14.7% on the previous year and down 34.7% over ten years.
Over the whole period, gross domestic savings in Kuwait peaked at 29.86 billion current LCU in 2012 and was at its lowest, -2.17 billion current LCU, in 1991.
That places Kuwait 129th out of 188 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 savings in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 452.00 million current LCU | — |
| 1966 | 504.00 million current LCU | +11.5% |
| 1967 | 457.00 million current LCU | -9.3% |
| 1968 | 510.00 million current LCU | +11.6% |
| 1969 | 531.00 million current LCU | +4.1% |
| 1970 | 490.70 million current LCU | -7.6% |
| 1971 | 788.50 million current LCU | +60.7% |
| 1972 | 838.00 million current LCU | +6.3% |
| 1973 | 950.80 million current LCU | +13.5% |
| 1974 | 2.97 billion current LCU | +212.4% |
| 1975 | 2.34 billion current LCU | -21.1% |
| 1976 | 2.38 billion current LCU | +1.5% |
| 1977 | 2.10 billion current LCU | -11.6% |
| 1978 | 2.17 billion current LCU | +3.3% |
| 1979 | 4.30 billion current LCU | +97.9% |
| 1980 | 4.49 billion current LCU | +4.5% |
| 1981 | 3.33 billion current LCU | -25.8% |
| 1982 | 1.70 billion current LCU | -49.0% |
| 1983 | 2.10 billion current LCU | +23.8% |
| 1984 | 2.34 billion current LCU | +11.5% |
| 1985 | 1.92 billion current LCU | -18.1% |
| 1986 | 1.06 billion current LCU | -45.1% |
| 1987 | 2.05 billion current LCU | +94.7% |
| 1988 | 1.17 billion current LCU | -42.9% |
| 1989 | 1.67 billion current LCU | +42.1% |
| 1990 | 238.40 million current LCU | -85.7% |
| 1991 | -2.17 billion current LCU | -1008.9% |
| 1992 | 356.60 million current LCU | -116.5% |
| 1993 | 1.49 billion current LCU | +319.1% |
| 1994 | 1.82 billion current LCU | +21.9% |
| 1995 | 2.04 billion current LCU | +12.0% |
| 1996 | 2.66 billion current LCU | +30.3% |
| 1997 | 2.48 billion current LCU | -6.9% |
| 1998 | 886.80 million current LCU | -64.2% |
| 1999 | 1.93 billion current LCU | +117.7% |
| 2000 | 4.28 billion current LCU | +121.7% |
| 2001 | 3.22 billion current LCU | -24.8% |
| 2002 | 2.91 billion current LCU | -9.5% |
| 2003 | 4.89 billion current LCU | +67.8% |
| 2004 | 7.48 billion current LCU | +53.1% |
| 2005 | 12.30 billion current LCU | +64.4% |
| 2006 | 16.96 billion current LCU | +37.8% |
| 2007 | 18.10 billion current LCU | +6.7% |
| 2008 | 23.16 billion current LCU | +28.0% |
| 2009 | 14.64 billion current LCU | -36.8% |
| 2010 | 17.86 billion current LCU | +21.9% |
| 2011 | 25.88 billion current LCU | +44.9% |
| 2012 | 29.86 billion current LCU | +15.4% |
| 2013 | 28.88 billion current LCU | -3.3% |
| 2014 | 24.65 billion current LCU | -14.6% |
| 2015 | 11.81 billion current LCU | -52.1% |
| 2016 | 9.61 billion current LCU | -18.6% |
| 2017 | 11.82 billion current LCU | +23.0% |
| 2018 | 15.65 billion current LCU | +32.4% |
| 2019 | 15.15 billion current LCU | -3.2% |
| 2020 | 8.18 billion current LCU | -46.0% |
| 2021 | 16.07 billion current LCU | +96.4% |
| 2022 | 26.15 billion current LCU | +62.7% |
| 2023 | 18.87 billion current LCU | -27.8% |
| 2024 | 16.10 billion current LCU | -14.7% |
Kuwait compared with similar countries
- Kuwait's 16.10 billion current LCU is below the median for high income countries, which is 134.59 billion current LCU, 12% of the median. (67 countries reporting)
- Kuwait's 16.10 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 93.87 billion current LCU, 17% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings 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 |
|---|---|---|---|
| 1991 | -1008.9% | 238.40 million current LCU | -2.17 billion current LCU |
| 1993 | +319.1% | 356.60 million current LCU | 1.49 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 490.80 million current LCU | 452.00 million current LCU | 531.00 million current LCU | 5 |
| 1970s | 1.93 billion current LCU | 490.70 million current LCU | 4.30 billion current LCU | 10 |
| 1980s | 2.18 billion current LCU | 1.06 billion current LCU | 4.49 billion current LCU | 10 |
| 1990s | 1.17 billion current LCU | -2.17 billion current LCU | 2.66 billion current LCU | 10 |
| 2000s | 10.79 billion current LCU | 2.91 billion current LCU | 23.16 billion current LCU | 10 |
| 2010s | 19.12 billion current LCU | 9.61 billion current LCU | 29.86 billion current LCU | 10 |
| 2020s | 17.08 billion current LCU | 8.18 billion current LCU | 26.15 billion current LCU | 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 savings in Kuwait?
- Gross domestic savings in Kuwait was 16.10 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Kuwait?
- The highest recorded value was 29.86 billion current LCU in 2012.
- What is the lowest gross domestic savings recorded in Kuwait?
- The lowest recorded value was -2.17 billion current LCU in 1991.
- How does Kuwait rank for gross domestic savings?
- Kuwait ranks 129th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Kuwait?
- Over the last ten years it is down 34.7%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.