Gross domestic savings (current US$) in Kuwait
Kuwait: Gross domestic savings was 52.49 billion current US$ in 2024. ◆ Volatile
Latest (2024)
52.49 billion current US$
Change on year
down 14.6%
World rank
51st
of 188 countries
All-time high
106.67 billion current US$
in 2012
All-time low
-7.62 billion current US$
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 US$.
Analysis
The most recent figure for gross domestic savings in Kuwait is 52.49 billion current US$, measured in 2024.
The figure is down 14.6% on the previous year and down 39.4% over ten years.
Over the whole period, gross domestic savings in Kuwait peaked at 106.67 billion current US$ in 2012 and was at its lowest, -7.62 billion current US$, in 1991.
Kuwait ranks 51st of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 1.27 billion current US$ | — |
| 1966 | 1.41 billion current US$ | +11.5% |
| 1967 | 1.28 billion current US$ | -9.3% |
| 1968 | 1.43 billion current US$ | +11.6% |
| 1969 | 1.49 billion current US$ | +4.1% |
| 1970 | 1.37 billion current US$ | -7.6% |
| 1971 | 2.21 billion current US$ | +61.2% |
| 1972 | 2.55 billion current US$ | +15.0% |
| 1973 | 3.21 billion current US$ | +25.8% |
| 1974 | 10.13 billion current US$ | +216.0% |
| 1975 | 8.08 billion current US$ | -20.3% |
| 1976 | 8.13 billion current US$ | +0.7% |
| 1977 | 7.34 billion current US$ | -9.8% |
| 1978 | 7.89 billion current US$ | +7.6% |
| 1979 | 15.54 billion current US$ | +96.9% |
| 1980 | 16.60 billion current US$ | +6.8% |
| 1981 | 11.94 billion current US$ | -28.1% |
| 1982 | 5.90 billion current US$ | -50.6% |
| 1983 | 7.21 billion current US$ | +22.3% |
| 1984 | 7.92 billion current US$ | +9.8% |
| 1985 | 6.39 billion current US$ | -19.3% |
| 1986 | 3.63 billion current US$ | -43.1% |
| 1987 | 7.37 billion current US$ | +103.0% |
| 1988 | 4.20 billion current US$ | -43.0% |
| 1989 | 5.67 billion current US$ | +34.9% |
| 1990 | 827.78 million current US$ | -85.4% |
| 1991 | -7.62 billion current US$ | -1020.9% |
| 1992 | 1.22 billion current US$ | -115.9% |
| 1993 | 4.95 billion current US$ | +307.2% |
| 1994 | 6.13 billion current US$ | +23.9% |
| 1995 | 6.84 billion current US$ | +11.5% |
| 1996 | 8.88 billion current US$ | +29.9% |
| 1997 | 8.16 billion current US$ | -8.1% |
| 1998 | 2.91 billion current US$ | -64.4% |
| 1999 | 6.34 billion current US$ | +118.0% |
| 2000 | 13.95 billion current US$ | +120.0% |
| 2001 | 10.49 billion current US$ | -24.8% |
| 2002 | 9.59 billion current US$ | -8.6% |
| 2003 | 16.40 billion current US$ | +71.1% |
| 2004 | 25.39 billion current US$ | +54.8% |
| 2005 | 42.13 billion current US$ | +65.9% |
| 2006 | 58.43 billion current US$ | +38.7% |
| 2007 | 63.68 billion current US$ | +9.0% |
| 2008 | 86.17 billion current US$ | +35.3% |
| 2009 | 50.89 billion current US$ | -40.9% |
| 2010 | 62.30 billion current US$ | +22.4% |
| 2011 | 93.76 billion current US$ | +50.5% |
| 2012 | 106.67 billion current US$ | +13.8% |
| 2013 | 101.83 billion current US$ | -4.5% |
| 2014 | 86.63 billion current US$ | -14.9% |
| 2015 | 39.26 billion current US$ | -54.7% |
| 2016 | 31.80 billion current US$ | -19.0% |
| 2017 | 38.96 billion current US$ | +22.5% |
| 2018 | 51.83 billion current US$ | +33.0% |
| 2019 | 49.91 billion current US$ | -3.7% |
| 2020 | 26.72 billion current US$ | -46.5% |
| 2021 | 53.29 billion current US$ | +99.4% |
| 2022 | 85.38 billion current US$ | +60.2% |
| 2023 | 61.44 billion current US$ | -28.0% |
| 2024 | 52.49 billion current US$ | -14.6% |
Kuwait compared with similar countries
- Kuwait's 52.49 billion current US$ is above the median for high income countries, which is 52.49 billion current US$, 1.0× the median. (67 countries reporting)
- Kuwait's 52.49 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 21.75 billion current US$, 2.4× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -1020.9% | 827.78 million current US$ | -7.62 billion current US$ |
| 1993 | +307.2% | 1.22 billion current US$ | 4.95 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.37 billion current US$ | 1.27 billion current US$ | 1.49 billion current US$ | 5 |
| 1970s | 6.65 billion current US$ | 1.37 billion current US$ | 15.54 billion current US$ | 10 |
| 1980s | 7.68 billion current US$ | 3.63 billion current US$ | 16.60 billion current US$ | 10 |
| 1990s | 3.86 billion current US$ | -7.62 billion current US$ | 8.88 billion current US$ | 10 |
| 2000s | 37.71 billion current US$ | 9.59 billion current US$ | 86.17 billion current US$ | 10 |
| 2010s | 66.30 billion current US$ | 31.80 billion current US$ | 106.67 billion current US$ | 10 |
| 2020s | 55.86 billion current US$ | 26.72 billion current US$ | 85.38 billion current US$ | 5 |
Countries ranked near Kuwait
- 48 Hungary 65.65 billion current US$ compare
- 49 South Africa 65.26 billion current US$ compare
- 50 New Zealand 57.49 billion current US$ compare
- 52 Colombia 51.77 billion current US$ compare
- 53 Luxembourg 47.20 billion current US$ compare
- 54 Oman 45.15 billion current US$ 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)
- 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 52.49 billion current US$ 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 106.67 billion current US$ in 2012.
- What is the lowest gross domestic savings recorded in Kuwait?
- The lowest recorded value was -7.62 billion current US$ in 1991.
- How does Kuwait rank for gross domestic savings?
- Kuwait ranks 51st 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 39.4%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 indicator is expressed in United States dollars.