Gross national expenditure (current US$) in Kuwait
Kuwait: Gross national expenditure (current US$) was 132.71 billion current US$ in 2024. ◆ Volatile
Latest (2024)
132.71 billion current US$
Change on year
down 0.5%
World rank
64th
of 186 countries
All-time high
133.41 billion current US$
in 2023
All-time low
1.16 billion current US$
in 1965
Years of data
60
1965–2024
Gross national expenditure in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Kuwait recorded 132.71 billion current US$ for gross national expenditure in 2024.
The figure is down 0.5% on the previous year and up 29.5% over ten years.
Over the whole period, gross national expenditure in Kuwait peaked at 133.41 billion current US$ in 2023 and was at its lowest, 1.16 billion current US$, in 1965.
Kuwait ranks 64th of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current US$) in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 1.16 billion current US$ | — |
| 1966 | 1.40 billion current US$ | +20.7% |
| 1967 | 1.68 billion current US$ | +20.0% |
| 1968 | 1.71 billion current US$ | +1.8% |
| 1969 | 1.81 billion current US$ | +5.7% |
| 1970 | 1.85 billion current US$ | +2.0% |
| 1971 | 2.03 billion current US$ | +9.9% |
| 1972 | 2.32 billion current US$ | +14.1% |
| 1973 | 2.72 billion current US$ | +17.3% |
| 1974 | 3.76 billion current US$ | +38.2% |
| 1975 | 5.48 billion current US$ | +45.7% |
| 1976 | 7.17 billion current US$ | +31.0% |
| 1977 | 10.10 billion current US$ | +40.8% |
| 1978 | 10.75 billion current US$ | +6.4% |
| 1979 | 12.58 billion current US$ | +17.1% |
| 1980 | 16.02 billion current US$ | +27.3% |
| 1981 | 17.29 billion current US$ | +7.9% |
| 1982 | 21.12 billion current US$ | +22.2% |
| 1983 | 18.83 billion current US$ | -10.8% |
| 1984 | 18.34 billion current US$ | -2.6% |
| 1985 | 19.10 billion current US$ | +4.1% |
| 1986 | 18.23 billion current US$ | -4.6% |
| 1987 | 18.92 billion current US$ | +3.8% |
| 1988 | 19.73 billion current US$ | +4.3% |
| 1989 | 21.63 billion current US$ | +9.6% |
| 1990 | 20.85 billion current US$ | -3.6% |
| 1991 | 23.24 billion current US$ | +11.5% |
| 1992 | 23.08 billion current US$ | -0.7% |
| 1993 | 23.11 billion current US$ | +0.1% |
| 1994 | 22.73 billion current US$ | -1.6% |
| 1995 | 24.36 billion current US$ | +7.2% |
| 1996 | 27.37 billion current US$ | +12.3% |
| 1997 | 26.33 billion current US$ | -3.8% |
| 1998 | 27.82 billion current US$ | +5.7% |
| 1999 | 28.16 billion current US$ | +1.2% |
| 2000 | 27.79 billion current US$ | -1.3% |
| 2001 | 29.39 billion current US$ | +5.8% |
| 2002 | 35.08 billion current US$ | +19.4% |
| 2003 | 39.44 billion current US$ | +12.4% |
| 2004 | 44.85 billion current US$ | +13.7% |
| 2005 | 51.95 billion current US$ | +15.8% |
| 2006 | 59.53 billion current US$ | +14.6% |
| 2007 | 74.40 billion current US$ | +25.0% |
| 2008 | 87.20 billion current US$ | +17.2% |
| 2009 | 74.12 billion current US$ | -15.0% |
| 2010 | 73.50 billion current US$ | -0.8% |
| 2011 | 81.15 billion current US$ | +10.4% |
| 2012 | 89.72 billion current US$ | +10.6% |
| 2013 | 97.33 billion current US$ | +8.5% |
| 2014 | 102.51 billion current US$ | +5.3% |
| 2015 | 104.47 billion current US$ | +1.9% |
| 2016 | 110.38 billion current US$ | +5.7% |
| 2017 | 115.19 billion current US$ | +4.4% |
| 2018 | 122.23 billion current US$ | +6.1% |
| 2019 | 123.35 billion current US$ | +0.9% |
| 2020 | 105.03 billion current US$ | -14.8% |
| 2021 | 116.53 billion current US$ | +10.9% |
| 2022 | 128.49 billion current US$ | +10.3% |
| 2023 | 133.41 billion current US$ | +3.8% |
| 2024 | 132.71 billion current US$ | -0.5% |
Kuwait compared with similar countries
- Kuwait's 132.71 billion current US$ is below the median for high income countries, which is 195.11 billion current US$, 68% of the median. (66 countries reporting)
- Kuwait's 132.71 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 88.61 billion current US$, 1.5× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.55 billion current US$ | 1.16 billion current US$ | 1.81 billion current US$ | 5 |
| 1970s | 5.87 billion current US$ | 1.85 billion current US$ | 12.58 billion current US$ | 10 |
| 1980s | 18.92 billion current US$ | 16.02 billion current US$ | 21.63 billion current US$ | 10 |
| 1990s | 24.71 billion current US$ | 20.85 billion current US$ | 28.16 billion current US$ | 10 |
| 2000s | 52.37 billion current US$ | 27.79 billion current US$ | 87.20 billion current US$ | 10 |
| 2010s | 101.98 billion current US$ | 73.50 billion current US$ | 123.35 billion current US$ | 10 |
| 2020s | 123.23 billion current US$ | 105.03 billion current US$ | 133.41 billion current US$ | 5 |
Countries ranked near Kuwait
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 national expenditure in Kuwait?
- Gross national expenditure in Kuwait was 132.71 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Kuwait?
- The highest recorded value was 133.41 billion current US$ in 2023.
- What is the lowest gross national expenditure recorded in Kuwait?
- The lowest recorded value was 1.16 billion current US$ in 1965.
- How does Kuwait rank for gross national expenditure?
- Kuwait ranks 64th out of 186 countries with data for 2024.
- Is gross national expenditure rising or falling in Kuwait?
- Over the last ten years it is up 29.5%. 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 Organizations and/or Central Banks, published as part of Gross national expenditure (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. 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.