Gross fixed capital formation in Kuwait
Kuwait: Gross fixed capital formation was 26.95 billion current US$ in 2024. ◆ Volatile
Gross fixed capital formation in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross fixed capital formation in Kuwait is 26.95 billion current US$, measured in 2024.
That represents a change of down 10.4% on the previous year and up 1.3% over ten years.
Over the whole period, gross fixed capital formation in Kuwait peaked at 34.30 billion current US$ in 2018 and was at its lowest, 266.00 million current US$, in 1965.
That places Kuwait 64th out of 181 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 266.00 million current US$ | — |
| 1966 | 378.00 million current US$ | +42.1% |
| 1967 | 456.40 million current US$ | +20.7% |
| 1968 | 439.60 million current US$ | -3.7% |
| 1969 | 476.00 million current US$ | +8.3% |
| 1970 | 354.20 million current US$ | -25.6% |
| 1971 | 355.52 million current US$ | +0.4% |
| 1972 | 386.99 million current US$ | +8.9% |
| 1973 | 491.62 million current US$ | +27.0% |
| 1974 | 756.27 million current US$ | +53.8% |
| 1975 | 1.44 billion current US$ | +90.4% |
| 1976 | 1.93 billion current US$ | +33.8% |
| 1977 | 2.84 billion current US$ | +47.7% |
| 1978 | 2.89 billion current US$ | +1.5% |
| 1979 | 2.86 billion current US$ | -1.0% |
| 1980 | 3.60 billion current US$ | +25.9% |
| 1981 | 3.85 billion current US$ | +6.9% |
| 1982 | 4.99 billion current US$ | +29.6% |
| 1983 | 5.24 billion current US$ | +5.0% |
| 1984 | 4.59 billion current US$ | -12.4% |
| 1985 | 4.25 billion current US$ | -7.5% |
| 1986 | 3.88 billion current US$ | -8.7% |
| 1987 | 3.79 billion current US$ | -2.3% |
| 1988 | 2.83 billion current US$ | -25.3% |
| 1989 | 2.63 billion current US$ | -7.2% |
| 1990 | 3.32 billion current US$ | +26.4% |
| 1991 | 4.33 billion current US$ | +30.2% |
| 1992 | 3.95 billion current US$ | -8.8% |
| 1993 | 3.62 billion current US$ | -8.2% |
| 1994 | 3.31 billion current US$ | -8.7% |
| 2010 | 19.26 billion current US$ | +482.5% |
| 2011 | 19.72 billion current US$ | +2.4% |
| 2012 | 21.11 billion current US$ | +7.0% |
| 2013 | 23.88 billion current US$ | +13.1% |
| 2014 | 26.60 billion current US$ | +11.4% |
| 2015 | 29.20 billion current US$ | +9.8% |
| 2016 | 32.03 billion current US$ | +9.7% |
| 2017 | 32.60 billion current US$ | +1.8% |
| 2018 | 34.30 billion current US$ | +5.2% |
| 2019 | 32.04 billion current US$ | -6.6% |
| 2020 | 22.21 billion current US$ | -30.7% |
| 2021 | 23.17 billion current US$ | +4.3% |
| 2022 | 29.54 billion current US$ | +27.5% |
| 2023 | 30.06 billion current US$ | +1.8% |
| 2024 | 26.95 billion current US$ | -10.4% |
Kuwait compared with similar countries
- Kuwait's 26.95 billion current US$ is below the median for high income countries, which is 50.73 billion current US$, 53% of the median. (64 countries reporting)
- Kuwait's 26.95 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 20.29 billion current US$, 1.3× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +482.5% | 3.31 billion current US$ | 19.26 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 403.20 million current US$ | 266.00 million current US$ | 476.00 million current US$ | 5 |
| 1970s | 1.43 billion current US$ | 354.20 million current US$ | 2.89 billion current US$ | 10 |
| 1980s | 3.96 billion current US$ | 2.63 billion current US$ | 5.24 billion current US$ | 10 |
| 1990s | 3.70 billion current US$ | 3.31 billion current US$ | 4.33 billion current US$ | 5 |
| 2010s | 27.07 billion current US$ | 19.26 billion current US$ | 34.30 billion current US$ | 10 |
| 2020s | 26.39 billion current US$ | 22.21 billion current US$ | 30.06 billion current US$ | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.99 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.019 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 614.43 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 413.09 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0026 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.91 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Kuwait?
- Gross fixed capital formation in Kuwait was 26.95 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Kuwait?
- The highest recorded value was 34.30 billion current US$ in 2018.
- What is the lowest gross fixed capital formation recorded in Kuwait?
- The lowest recorded value was 266.00 million current US$ in 1965.
- How does Kuwait rank for gross fixed capital formation?
- Kuwait ranks 64th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Kuwait?
- Over the last ten years it is up 1.3%. 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.