Gross national expenditure (current LCU), annual growth rate in Kuwait
Kuwait: Gross national expenditure (current LCU), annual growth rate was -0.6859 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-0.6859 % change on previous year
Change on year
down 116.5%
World rank
179th
of 185 countries
All-time high
44.19 % change on previous year
in 1975
All-time low
-14.11 % change on previous year
in 2020
Years of data
59
1966–2024
Gross national expenditure (current LCU), annual growth rate in Kuwait, 1966–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross national expenditure (current lcu), annual growth rate in Kuwait stood at -0.6859 % change on previous year.
That represents a change of down 116.5% on the previous year and down 112.1% over ten years.
Over the whole period, gross national expenditure (current lcu), annual growth rate in Kuwait peaked at 44.19 % change on previous year in 1975 and was at its lowest, -14.11 % change on previous year, in 2020.
Kuwait ranks 179th of 185 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current LCU), annual growth rate in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1966 | 20.72 % change on previous year | — |
| 1967 | 19.96 % change on previous year | -3.7% |
| 1968 | 1.83 % change on previous year | -90.8% |
| 1969 | 5.72 % change on previous year | +212.5% |
| 1970 | 2.01 % change on previous year | -64.9% |
| 1971 | 9.53 % change on previous year | +374.3% |
| 1972 | 5.44 % change on previous year | -43.0% |
| 1973 | 5.73 % change on previous year | +5.5% |
| 1974 | 36.65 % change on previous year | +539.3% |
| 1975 | 44.19 % change on previous year | +20.6% |
| 1976 | 32.07 % change on previous year | -27.4% |
| 1977 | 37.97 % change on previous year | +18.4% |
| 1978 | 2.17 % change on previous year | -94.3% |
| 1979 | 17.64 % change on previous year | +712.6% |
| 1980 | 24.53 % change on previous year | +39.1% |
| 1981 | 11.27 % change on previous year | -54.1% |
| 1982 | 26.16 % change on previous year | +132.2% |
| 1983 | -9.72 % change on previous year | -137.1% |
| 1984 | -1.06 % change on previous year | -89.1% |
| 1985 | 5.79 % change on previous year | -647.1% |
| 1986 | -7.78 % change on previous year | -234.4% |
| 1987 | -0.4811 % change on previous year | -93.8% |
| 1988 | 4.44 % change on previous year | -1022.0% |
| 1989 | 15.41 % change on previous year | +247.4% |
| 1990 | -5.52 % change on previous year | -135.8% |
| 1991 | 10.03 % change on previous year | -281.9% |
| 1992 | 2.52 % change on previous year | -74.9% |
| 1993 | 3.04 % change on previous year | +20.8% |
| 1994 | -3.27 % change on previous year | -207.6% |
| 1995 | 7.71 % change on previous year | -335.8% |
| 1996 | 12.7 % change on previous year | +64.7% |
| 1997 | -2.54 % change on previous year | -120.0% |
| 1998 | 6.17 % change on previous year | -342.8% |
| 1999 | 1.12 % change on previous year | -81.8% |
| 2000 | -0.5762 % change on previous year | -151.4% |
| 2001 | 5.73 % change on previous year | -1095.0% |
| 2002 | 18.3 % change on previous year | +219.1% |
| 2003 | 10.23 % change on previous year | -44.1% |
| 2004 | 12.48 % change on previous year | +22.0% |
| 2005 | 14.75 % change on previous year | +18.2% |
| 2006 | 13.89 % change on previous year | -5.8% |
| 2007 | 22.4 % change on previous year | +61.2% |
| 2008 | 10.85 % change on previous year | -51.5% |
| 2009 | -9 % change on previous year | -183.0% |
| 2010 | -1.24 % change on previous year | -86.2% |
| 2011 | 6.32 % change on previous year | -608.2% |
| 2012 | 12.14 % change on previous year | +92.3% |
| 2013 | 9.9 % change on previous year | -18.5% |
| 2014 | 5.69 % change on previous year | -42.6% |
| 2015 | 7.74 % change on previous year | +36.1% |
| 2016 | 6.12 % change on previous year | -21.0% |
| 2017 | 4.78 % change on previous year | -21.9% |
| 2018 | 5.63 % change on previous year | +17.8% |
| 2019 | 1.46 % change on previous year | -74.0% |
| 2020 | -14.11 % change on previous year | -1064.6% |
| 2021 | 9.28 % change on previous year | -165.8% |
| 2022 | 11.95 % change on previous year | +28.7% |
| 2023 | 4.15 % change on previous year | -65.3% |
| 2024 | -0.6859 % change on previous year | -116.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.06 % change on previous year | 1.83 % change on previous year | 20.72 % change on previous year | 4 |
| 1970s | 19.34 % change on previous year | 2.01 % change on previous year | 44.19 % change on previous year | 10 |
| 1980s | 6.86 % change on previous year | -9.72 % change on previous year | 26.16 % change on previous year | 10 |
| 1990s | 3.2 % change on previous year | -5.52 % change on previous year | 12.7 % change on previous year | 10 |
| 2000s | 9.9 % change on previous year | -9 % change on previous year | 22.4 % change on previous year | 10 |
| 2010s | 5.85 % change on previous year | -1.24 % change on previous year | 12.14 % change on previous year | 10 |
| 2020s | 2.12 % change on previous year | -14.11 % change on previous year | 11.95 % change on previous year | 5 |
Countries ranked near Kuwait
- 176 Oman 0.2141 % change on previous year compare
- 177 Senegal -0.122 % change on previous year compare
- 178 Macau, China -0.5558 % change on previous year compare
- 180 San Marino -1.64 % change on previous year compare
- 181 Brunei Darussalam -2.96 % change on previous year compare
- 182 Botswana -3.31 % change on previous year 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)
- Final consumption expenditure (constant 2015 US$), per capita 18,724 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate -0.5262 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 0.8248 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 27,099 current US$ per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.253 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 8,311 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -2.57 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7145 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross national expenditure (current lcu), annual growth rate in Kuwait?
- Gross national expenditure (current lcu), annual growth rate in Kuwait was -0.6859 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross national expenditure (current lcu), annual growth rate recorded in Kuwait?
- The highest recorded value was 44.19 % change on previous year in 1975.
- What is the lowest gross national expenditure (current lcu), annual growth rate recorded in Kuwait?
- The lowest recorded value was -14.11 % change on previous year in 2020.
- How does Kuwait rank for gross national expenditure (current lcu), annual growth rate?
- Kuwait ranks 179th out of 185 countries with data for 2024.
- Is gross national expenditure (current lcu), annual growth rate rising or falling in Kuwait?
- Over the last ten years it is down 112.1%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of Gross national expenditure (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross national expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross national expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross national expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.