Gross National Income — Value Standard Local Currency, annual growth in Kuwait
Kuwait: Gross National Income — Value Standard Local Currency, annual growth was -10.73 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Kuwait, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross national income — value standard local currency, annual growth in Kuwait stood at -10.73 % change on previous year.
That represents a change of down 141.6% on the previous year and down 394.6% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Kuwait peaked at 180.02 % change on previous year in 1974 and was at its lowest, -37.87 % change on previous year, in 1991.
Kuwait ranks 225th of 231 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 Income — Value Standard Local Currency, annual growth in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.94 % change on previous year | — |
| 1972 | -1.43 % change on previous year | -106.5% |
| 1973 | 14.53 % change on previous year | -1114.5% |
| 1974 | 180.02 % change on previous year | +1138.7% |
| 1975 | 5.04 % change on previous year | -97.2% |
| 1976 | 15.31 % change on previous year | +203.8% |
| 1977 | 6.55 % change on previous year | -57.3% |
| 1978 | 9.3 % change on previous year | +42.1% |
| 1979 | 54.85 % change on previous year | +489.5% |
| 1980 | 17.53 % change on previous year | -68.0% |
| 1981 | 1.22 % change on previous year | -93.0% |
| 1982 | -13.66 % change on previous year | -1215.2% |
| 1983 | -4.81 % change on previous year | -64.8% |
| 1984 | 4.68 % change on previous year | -197.3% |
| 1985 | -0.7346 % change on previous year | -115.7% |
| 1986 | -5.77 % change on previous year | +685.1% |
| 1987 | 4.77 % change on previous year | -182.6% |
| 1988 | 0.3619 % change on previous year | -92.4% |
| 1989 | 22.58 % change on previous year | +6138.2% |
| 1990 | -20.95 % change on previous year | -192.8% |
| 1991 | -37.87 % change on previous year | +80.7% |
| 1992 | 57.52 % change on previous year | -251.9% |
| 1993 | 12.9 % change on previous year | -77.6% |
| 1994 | -1.29 % change on previous year | -110.0% |
| 1995 | 14.32 % change on previous year | -1212.4% |
| 1996 | 17.03 % change on previous year | +19.0% |
| 1997 | 1.19 % change on previous year | -93.0% |
| 1998 | -12.74 % change on previous year | -1168.2% |
| 1999 | 10.62 % change on previous year | -183.4% |
| 2000 | 27.04 % change on previous year | +154.5% |
| 2001 | -10.44 % change on previous year | -138.6% |
| 2002 | 3.3 % change on previous year | -131.6% |
| 2003 | 21.12 % change on previous year | +539.4% |
| 2004 | 26.56 % change on previous year | +25.8% |
| 2005 | 35.48 % change on previous year | +33.6% |
| 2006 | 27.17 % change on previous year | -23.4% |
| 2007 | 8.45 % change on previous year | -68.9% |
| 2008 | 17.74 % change on previous year | +109.9% |
| 2009 | -23.57 % change on previous year | -232.9% |
| 2010 | 10.12 % change on previous year | -143.0% |
| 2011 | 25.75 % change on previous year | +154.4% |
| 2012 | 13.98 % change on previous year | -45.7% |
| 2013 | 3.64 % change on previous year | -73.9% |
| 2014 | -4.54 % change on previous year | -224.7% |
| 2015 | -24.53 % change on previous year | +439.8% |
| 2016 | -3.59 % change on previous year | -85.4% |
| 2017 | 14.6 % change on previous year | -506.4% |
| 2018 | 11.73 % change on previous year | -19.7% |
| 2019 | -0.7836 % change on previous year | -106.7% |
| 2020 | -20.48 % change on previous year | +2513.9% |
| 2021 | 31.69 % change on previous year | -254.7% |
| 2022 | 25.79 % change on previous year | -18.6% |
| 2023 | -10.73 % change on previous year | -141.6% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +6138.2% | 0.3619 % change on previous year | 22.58 % change on previous year |
| 2020 | -2513.9% | -0.7836 % change on previous year | -20.48 % change on previous year |
| 1995 | +1212.4% | -1.29 % change on previous year | 14.32 % change on previous year |
| 1982 | -1215.2% | 1.22 % change on previous year | -13.66 % change on previous year |
| 1974 | +1138.7% | 14.53 % change on previous year | 180.02 % change on previous year |
| 1973 | +1114.5% | -1.43 % change on previous year | 14.53 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.01 % change on previous year | -1.43 % change on previous year | 180.02 % change on previous year | 9 |
| 1980s | 2.62 % change on previous year | -13.66 % change on previous year | 22.58 % change on previous year | 10 |
| 1990s | 4.07 % change on previous year | -37.87 % change on previous year | 57.52 % change on previous year | 10 |
| 2000s | 13.28 % change on previous year | -23.57 % change on previous year | 35.48 % change on previous year | 10 |
| 2010s | 4.64 % change on previous year | -24.53 % change on previous year | 25.75 % change on previous year | 10 |
| 2020s | 6.57 % change on previous year | -20.48 % change on previous year | 31.69 % change on previous year | 4 |
Countries ranked near Kuwait
- 223 Trinidad and Tobago -9.85 % change on previous year compare
- 224 Norway -10.19 % change on previous year compare
- 226 Brunei -11.67 % change on previous year compare
- 226 Brunei Darussalam -11.67 % change on previous year compare
- 228 Equatorial Guinea -13.47 % 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)
- 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 national income — value standard local currency, annual growth in Kuwait?
- Gross national income — value standard local currency, annual growth in Kuwait was -10.73 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Kuwait?
- The highest recorded value was 180.02 % change on previous year in 1974.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Kuwait?
- The lowest recorded value was -37.87 % change on previous year in 1991.
- How does Kuwait rank for gross national income — value standard local currency, annual growth?
- Kuwait ranks 225th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Kuwait?
- Over the last ten years it is down 394.6%. 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 Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.