Gross Fixed Capital Formation — Value Standard Local Currency in Kuwait
Kuwait: Gross Fixed Capital Formation — Value Standard Local Currency was 10,196 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Kuwait is 10,196 million SLC, measured in 2024.
The figure is up 4.7% on the previous year and up 34.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Kuwait peaked at 10,356 million SLC in 2018 and was at its lowest, 126 million SLC, in 1970.
That places Kuwait 172nd out of 230 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 — Value Standard Local Currency in Kuwait, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 126 million SLC | — |
| 1971 | 127 million SLC | +0.8% |
| 1972 | 127 million SLC | +0.0% |
| 1973 | 146 million SLC | +15.0% |
| 1974 | 222 million SLC | +52.1% |
| 1975 | 418 million SLC | +88.3% |
| 1976 | 563 million SLC | +34.7% |
| 1977 | 815 million SLC | +44.8% |
| 1978 | 794 million SLC | -2.6% |
| 1979 | 790 million SLC | -0.5% |
| 1980 | 973 million SLC | +23.2% |
| 1981 | 1,073 million SLC | +10.3% |
| 1982 | 1,297 million SLC | +20.9% |
| 1983 | 1,473 million SLC | +13.6% |
| 1984 | 1,359 million SLC | -7.7% |
| 1985 | 1,277 million SLC | -6.0% |
| 1986 | 1,127 million SLC | -11.7% |
| 1987 | 1,056 million SLC | -6.3% |
| 1988 | 790 million SLC | -25.2% |
| 1989 | 733 million SLC | -7.2% |
| 1990 | 833 million SLC | +13.6% |
| 1991 | 1,150 million SLC | +38.1% |
| 1992 | 1,013 million SLC | -11.9% |
| 1993 | 1,094 million SLC | +8.0% |
| 1994 | 982 million SLC | -10.2% |
| 1995 | 1,100 million SLC | +12.0% |
| 1996 | 1,318 million SLC | +19.9% |
| 1997 | 1,241 million SLC | -5.9% |
| 1998 | 1,448 million SLC | +16.7% |
| 1999 | 1,300 million SLC | -10.2% |
| 2000 | 1,213 million SLC | -6.7% |
| 2001 | 1,462 million SLC | +20.5% |
| 2002 | 1,853 million SLC | +26.7% |
| 2003 | 2,325 million SLC | +25.5% |
| 2004 | 2,623 million SLC | +12.8% |
| 2005 | 3,450 million SLC | +31.5% |
| 2006 | 4,712 million SLC | +36.6% |
| 2007 | 5,807 million SLC | +23.2% |
| 2008 | 7,323 million SLC | +26.1% |
| 2009 | 5,466 million SLC | -25.4% |
| 2010 | 5,303 million SLC | -3.0% |
| 2011 | 5,494 million SLC | +3.6% |
| 2012 | 5,909 million SLC | +7.6% |
| 2013 | 6,773 million SLC | +14.6% |
| 2014 | 7,569 million SLC | +11.8% |
| 2015 | 8,784 million SLC | +16.1% |
| 2016 | 9,676 million SLC | +10.2% |
| 2017 | 9,888 million SLC | +2.2% |
| 2018 | 10,356 million SLC | +4.7% |
| 2019 | 9,729 million SLC | -6.1% |
| 2020 | 6,801 million SLC | -30.1% |
| 2021 | 6,989 million SLC | +2.8% |
| 2022 | 9,043 million SLC | +29.4% |
| 2023 | 9,737 million SLC | +7.7% |
| 2024 | 10,196 million SLC | +4.7% |
Kuwait compared with similar countries
- Kuwait's 10,196 million SLC is below the median for high income countries, which is 36,467 million SLC, 28% of the median. (73 countries reporting)
- Kuwait's 10,196 million SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 347,392 million SLC, 3% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 412.8 million SLC | 126 million SLC | 815 million SLC | 10 |
| 1980s | 1,116 million SLC | 733 million SLC | 1,473 million SLC | 10 |
| 1990s | 1,148 million SLC | 833 million SLC | 1,448 million SLC | 10 |
| 2000s | 3,623 million SLC | 1,213 million SLC | 7,323 million SLC | 10 |
| 2010s | 7,948 million SLC | 5,303 million SLC | 10,356 million SLC | 10 |
| 2020s | 8,553 million SLC | 6,801 million SLC | 10,196 million SLC | 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)
- 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 fixed capital formation — value standard local currency in Kuwait?
- Gross fixed capital formation — value standard local currency in Kuwait was 10,196 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Kuwait?
- The highest recorded value was 10,356 million SLC in 2018.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Kuwait?
- The lowest recorded value was 126 million SLC in 1970.
- How does Kuwait rank for gross fixed capital formation — value standard local currency?
- Kuwait ranks 172nd out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Kuwait?
- Over the last ten years it is up 34.7%. The long-run trend across the full record is volatile.
- 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).