Gross domestic savings in Kuwait
Kuwait: Gross domestic savings 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 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% |
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
- 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)
- Gross capital formation (current US$), annual growth rate -17.31 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.151 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 4,962 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -17.44 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.0463 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1,522 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate -18.28 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1447 constant 2015 US$ per US$ of GDP (2024)
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.