Gross Fixed Capital Formation — Value US$, 2015 prices in Kuwait
Kuwait: Gross Fixed Capital Formation — Value US$, 2015 prices was 29,587 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Kuwait, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Kuwait is 29,587 million USD, measured in 2024.
Compared with earlier readings it is up 3.9% on the previous year and up 16.8% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Kuwait peaked at 34,437 million USD in 2018 and was at its lowest, 1,590 million USD, in 1972.
That places Kuwait 68th out of 235 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Kuwait, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,659 million USD | — |
| 1971 | 1,596 million USD | -3.8% |
| 1972 | 1,590 million USD | -0.4% |
| 1973 | 1,613 million USD | +1.4% |
| 1974 | 1,992 million USD | +23.5% |
| 1975 | 3,438 million USD | +72.6% |
| 1976 | 4,535 million USD | +31.9% |
| 1977 | 6,526 million USD | +43.9% |
| 1978 | 5,883 million USD | -9.9% |
| 1979 | 5,315 million USD | -9.7% |
| 1980 | 5,947 million USD | +11.9% |
| 1981 | 6,136 million USD | +3.2% |
| 1982 | 7,072 million USD | +15.2% |
| 1983 | 8,202 million USD | +16.0% |
| 1984 | 7,801 million USD | -4.9% |
| 1985 | 7,336 million USD | -6.0% |
| 1986 | 5,958 million USD | -18.8% |
| 1987 | 5,637 million USD | -5.4% |
| 1988 | 4,184 million USD | -25.8% |
| 1989 | 3,599 million USD | -14.0% |
| 1990 | 4,045 million USD | +12.4% |
| 1991 | 5,606 million USD | +38.6% |
| 1992 | 4,851 million USD | -13.5% |
| 1993 | 5,646 million USD | +16.4% |
| 1994 | 5,394 million USD | -4.5% |
| 1995 | 5,704 million USD | +5.7% |
| 1996 | 5,918 million USD | +3.7% |
| 1997 | 5,848 million USD | -1.2% |
| 1998 | 8,236 million USD | +40.8% |
| 1999 | 6,261 million USD | -24.0% |
| 2000 | 4,847 million USD | -22.6% |
| 2001 | 5,591 million USD | +15.3% |
| 2002 | 7,001 million USD | +25.2% |
| 2003 | 8,604 million USD | +22.9% |
| 2004 | 9,267 million USD | +7.7% |
| 2005 | 11,717 million USD | +26.4% |
| 2006 | 15,841 million USD | +35.2% |
| 2007 | 18,731 million USD | +18.2% |
| 2008 | 22,873 million USD | +22.1% |
| 2009 | 17,652 million USD | -22.8% |
| 2010 | 19,594 million USD | +11.0% |
| 2011 | 20,134 million USD | +2.8% |
| 2012 | 20,958 million USD | +4.1% |
| 2013 | 23,075 million USD | +10.1% |
| 2014 | 25,328 million USD | +9.8% |
| 2015 | 29,197 million USD | +15.3% |
| 2016 | 31,794 million USD | +8.9% |
| 2017 | 32,117 million USD | +1.0% |
| 2018 | 34,437 million USD | +7.2% |
| 2019 | 31,542 million USD | -8.4% |
| 2020 | 20,351 million USD | -35.5% |
| 2021 | 20,724 million USD | +1.8% |
| 2022 | 29,862 million USD | +44.1% |
| 2023 | 28,470 million USD | -4.7% |
| 2024 | 29,587 million USD | +3.9% |
Kuwait compared with similar countries
- Kuwait's 29,587 million USD is above the median for high income countries, which is 13,942 million USD, 2.1× the median. (73 countries reporting)
- Kuwait's 29,587 million USD is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 17,125 million USD, 1.7× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,415 million USD | 1,590 million USD | 6,526 million USD | 10 |
| 1980s | 6,187 million USD | 3,599 million USD | 8,202 million USD | 10 |
| 1990s | 5,751 million USD | 4,045 million USD | 8,236 million USD | 10 |
| 2000s | 12,213 million USD | 4,847 million USD | 22,873 million USD | 10 |
| 2010s | 26,818 million USD | 19,594 million USD | 34,437 million USD | 10 |
| 2020s | 25,799 million USD | 20,351 million USD | 29,862 million USD | 5 |
Countries ranked near Kuwait
- 65 United Republic of Tanzania 36,358 million USD compare
- 66 Morocco 33,691 million USD compare
- 67 Hungary 32,084 million USD compare
- 69 Turkmenistan 27,871 million USD compare
- 70 Dominican Republic 26,625 million USD compare
- 71 Angola 25,996 million USD compare
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$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Kuwait?
- Gross fixed capital formation — value us$, 2015 prices in Kuwait was 29,587 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Kuwait?
- The highest recorded value was 34,437 million USD in 2018.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Kuwait?
- The lowest recorded value was 1,590 million USD in 1972.
- How does Kuwait rank for gross fixed capital formation — value us$, 2015 prices?
- Kuwait ranks 68th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Kuwait?
- Over the last ten years it is up 16.8%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. 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).