Gross domestic savings (% of GDP) in Kuwait
Kuwait: Gross domestic savings (% of GDP) was 32.6% in 2024. ◆ Volatile
Gross domestic savings in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Kuwait stood at 32.6%.
The figure is down 12.1% on the previous year and down 38.8% over ten years.
Over the whole period, gross domestic savings in Kuwait peaked at 77.9% in 1974 and was at its lowest, -69.2%, in 1991.
That places Kuwait 38th out of 188 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (% of GDP) in Kuwait, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 60.3% | — |
| 1966 | 59.0% | -2.2% |
| 1967 | 52.4% | -11.2% |
| 1968 | 53.6% | +2.3% |
| 1969 | 53.7% | +0.1% |
| 1970 | 47.8% | -10.9% |
| 1971 | 57.1% | +19.3% |
| 1972 | 57.2% | +0.3% |
| 1973 | 59.3% | +3.6% |
| 1974 | 77.9% | +31.4% |
| 1975 | 67.2% | -13.7% |
| 1976 | 61.9% | -7.8% |
| 1977 | 51.9% | -16.2% |
| 1978 | 50.9% | -1.9% |
| 1979 | 62.8% | +23.4% |
| 1980 | 58.0% | -7.7% |
| 1981 | 47.6% | -17.8% |
| 1982 | 27.3% | -42.6% |
| 1983 | 34.6% | +26.4% |
| 1984 | 36.5% | +5.6% |
| 1985 | 29.8% | -18.4% |
| 1986 | 20.3% | -31.9% |
| 1987 | 33.0% | +62.5% |
| 1988 | 20.3% | -38.4% |
| 1989 | 23.3% | +14.8% |
| 1990 | 4.5% | -80.7% |
| 1991 | -69.2% | -1641.3% |
| 1992 | 6.1% | -108.8% |
| 1993 | 20.7% | +237.7% |
| 1994 | 24.7% | +19.4% |
| 1995 | 25.1% | +1.9% |
| 1996 | 28.2% | +12.1% |
| 1997 | 26.9% | -4.6% |
| 1998 | 11.2% | -58.3% |
| 1999 | 21.1% | +87.7% |
| 2000 | 37.0% | +75.7% |
| 2001 | 30.1% | -18.7% |
| 2002 | 25.1% | -16.4% |
| 2003 | 34.3% | +36.3% |
| 2004 | 42.7% | +24.7% |
| 2005 | 52.1% | +22.0% |
| 2006 | 57.5% | +10.4% |
| 2007 | 55.6% | -3.4% |
| 2008 | 58.5% | +5.2% |
| 2009 | 48.0% | -17.9% |
| 2010 | 54.0% | +12.4% |
| 2011 | 60.9% | +12.8% |
| 2012 | 61.3% | +0.7% |
| 2013 | 58.5% | -4.6% |
| 2014 | 53.3% | -8.9% |
| 2015 | 34.3% | -35.7% |
| 2016 | 29.1% | -15.2% |
| 2017 | 32.3% | +11.1% |
| 2018 | 37.4% | +15.8% |
| 2019 | 35.4% | -5.2% |
| 2020 | 24.1% | -32.1% |
| 2021 | 35.9% | +49.3% |
| 2022 | 46.5% | +29.5% |
| 2023 | 37.1% | -20.2% |
| 2024 | 32.6% | -12.1% |
Kuwait compared with similar countries
- Kuwait's 32.6% is above the median for high income countries, which is 25.7%, 1.3× the median. (67 countries reporting)
- Kuwait's 32.6% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 26.5%, 1.2× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 | -1641.3% | 4.5% | -69.2% |
| 1993 | +237.7% | 6.1% | 20.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 55.8% | 52.4% | 60.3% | 5 |
| 1970s | 59.4% | 47.8% | 77.9% | 10 |
| 1980s | 33.1% | 20.3% | 58.0% | 10 |
| 1990s | 9.9% | -69.2% | 28.2% | 10 |
| 2000s | 44.1% | 25.1% | 58.5% | 10 |
| 2010s | 45.6% | 29.1% | 61.3% | 10 |
| 2020s | 35.3% | 24.1% | 46.5% | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- Real gdp growth, annual growth rate 10.23 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross domestic savings in Kuwait?
- Gross domestic savings in Kuwait was 32.6% 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 77.9% in 1974.
- What is the lowest gross domestic savings recorded in Kuwait?
- The lowest recorded value was -69.2% in 1991.
- How does Kuwait rank for gross domestic savings?
- Kuwait ranks 38th 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 38.8%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.