Gross Fixed Capital … Deflator Standard Local Currency in Kuwait
Kuwait: Gross Fixed Capital … Deflator Standard Local Currency was 114.54 SLC in 2024. ▲ Rising
Gross Fixed Capital Formation Deflator — Value Standard Local in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Kuwait recorded 114.54 SLC for gross fixed capital formation deflator — value standard local in 2024. That is the highest value across all 55 years on record.
The figure is up 0.8% on the previous year and up 15.3% over ten years.
Over the whole period, gross fixed capital formation deflator — value standard local in Kuwait peaked at 114.54 SLC in 2024 and was at its lowest, 25.25 SLC, in 1970.
Kuwait ranks 169th of 208 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital … Deflator Standard Local Currency in Kuwait, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 25.25 SLC | — |
| 1971 | 26.45 SLC | +4.8% |
| 1972 | 26.55 SLC | +0.4% |
| 1973 | 30.09 SLC | +13.3% |
| 1974 | 37.05 SLC | +23.1% |
| 1975 | 40.41 SLC | +9.1% |
| 1976 | 41.27 SLC | +2.1% |
| 1977 | 41.51 SLC | +0.6% |
| 1978 | 44.86 SLC | +8.1% |
| 1979 | 49.4 SLC | +10.1% |
| 1980 | 54.39 SLC | +10.1% |
| 1981 | 58.13 SLC | +6.9% |
| 1982 | 60.96 SLC | +4.9% |
| 1983 | 59.69 SLC | -2.1% |
| 1984 | 57.91 SLC | -3.0% |
| 1985 | 57.86 SLC | -0.1% |
| 1986 | 62.87 SLC | +8.7% |
| 1987 | 62.27 SLC | -1.0% |
| 1988 | 62.75 SLC | +0.8% |
| 1989 | 67.7 SLC | +7.9% |
| 1990 | 68.45 SLC | +1.1% |
| 1991 | 68.19 SLC | -0.4% |
| 1992 | 69.4 SLC | +1.8% |
| 1993 | 64.4 SLC | -7.2% |
| 1994 | 60.51 SLC | -6.0% |
| 1995 | 64.1 SLC | +5.9% |
| 1996 | 74.05 SLC | +15.5% |
| 1997 | 70.54 SLC | -4.7% |
| 1998 | 58.44 SLC | -17.2% |
| 1999 | 69.01 SLC | +18.1% |
| 2000 | 83.18 SLC | +20.5% |
| 2001 | 86.92 SLC | +4.5% |
| 2002 | 87.97 SLC | +1.2% |
| 2003 | 89.82 SLC | +2.1% |
| 2004 | 94.08 SLC | +4.7% |
| 2005 | 97.87 SLC | +4.0% |
| 2006 | 98.87 SLC | +1.0% |
| 2007 | 103.05 SLC | +4.2% |
| 2008 | 106.42 SLC | +3.3% |
| 2009 | 102.92 SLC | -3.3% |
| 2010 | 89.96 SLC | -12.6% |
| 2011 | 90.7 SLC | +0.8% |
| 2012 | 93.72 SLC | +3.3% |
| 2013 | 97.57 SLC | +4.1% |
| 2014 | 99.33 SLC | +1.8% |
| 2015 | 100 SLC | +0.7% |
| 2016 | 101.16 SLC | +1.2% |
| 2017 | 102.33 SLC | +1.2% |
| 2018 | 99.96 SLC | -2.3% |
| 2019 | 102.52 SLC | +2.6% |
| 2020 | 111.09 SLC | +8.4% |
| 2021 | 112.1 SLC | +0.9% |
| 2022 | 100.66 SLC | -10.2% |
| 2023 | 113.68 SLC | +12.9% |
| 2024 | 114.54 SLC | +0.8% |
Kuwait compared with similar countries
- Kuwait's 114.54 SLC is below the median for high income countries, which is 126.84 SLC, 90% of the median. (68 countries reporting)
- Kuwait's 114.54 SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 122.78 SLC, 93% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.28 SLC | 25.25 SLC | 49.4 SLC | 10 |
| 1980s | 60.45 SLC | 54.39 SLC | 67.7 SLC | 10 |
| 1990s | 66.71 SLC | 58.44 SLC | 74.05 SLC | 10 |
| 2000s | 95.11 SLC | 83.18 SLC | 106.42 SLC | 10 |
| 2010s | 97.73 SLC | 89.96 SLC | 102.52 SLC | 10 |
| 2020s | 110.41 SLC | 100.66 SLC | 114.54 SLC | 5 |
Countries ranked near Kuwait
- 166 China, Macao SAR 116.03 SLC compare
- 167 Turkmenistan 115.64 SLC compare
- 168 Solomon Islands 115.38 SLC compare
- 170 Costa Rica 114.47 SLC compare
- 171 United Republic of Tanzania 114.2 SLC compare
- 172 Palestine 113.75 SLC compare
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 fixed capital formation deflator — value standard local in Kuwait?
- Gross fixed capital formation deflator — value standard local in Kuwait was 114.54 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value standard local recorded in Kuwait?
- The highest recorded value was 114.54 SLC in 2024.
- What is the lowest gross fixed capital formation deflator — value standard local recorded in Kuwait?
- The lowest recorded value was 25.25 SLC in 1970.
- How does Kuwait rank for gross fixed capital formation deflator — value standard local?
- Kuwait ranks 169th out of 208 countries with data for 2024.
- Is gross fixed capital formation deflator — value standard local rising or falling in Kuwait?
- Over the last ten years it is up 15.3%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).