Gross National Income — Value Standard Local Currency in Kuwait
Kuwait: Gross National Income — Value Standard Local Currency was 55,147 million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Kuwait, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross national income — value standard local currency in Kuwait is 55,147 million SLC, measured in 2023.
Compared with earlier readings it is down 10.7% on the previous year and up 3.8% over ten years.
Over the whole period, gross national income — value standard local currency in Kuwait peaked at 61,775 million SLC in 2022 and was at its lowest, 916 million SLC, in 1970.
That places Kuwait 146th out of 202 countries with data for 2023, 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 National Income — Value Standard Local Currency in Kuwait, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 916 million SLC | — |
| 1971 | 1,117 million SLC | +21.9% |
| 1972 | 1,101 million SLC | -1.4% |
| 1973 | 1,261 million SLC | +14.5% |
| 1974 | 3,531 million SLC | +180.0% |
| 1975 | 3,709 million SLC | +5.0% |
| 1976 | 4,277 million SLC | +15.3% |
| 1977 | 4,557 million SLC | +6.5% |
| 1978 | 4,981 million SLC | +9.3% |
| 1979 | 7,713 million SLC | +54.8% |
| 1980 | 9,065 million SLC | +17.5% |
| 1981 | 9,176 million SLC | +1.2% |
| 1982 | 7,923 million SLC | -13.7% |
| 1983 | 7,542 million SLC | -4.8% |
| 1984 | 7,895 million SLC | +4.7% |
| 1985 | 7,837 million SLC | -0.7% |
| 1986 | 7,385 million SLC | -5.8% |
| 1987 | 7,737 million SLC | +4.8% |
| 1988 | 7,765 million SLC | +0.4% |
| 1989 | 9,518 million SLC | +22.6% |
| 1990 | 7,524 million SLC | -20.9% |
| 1991 | 4,675 million SLC | -37.9% |
| 1992 | 7,364 million SLC | +57.5% |
| 1993 | 8,314 million SLC | +12.9% |
| 1994 | 8,207 million SLC | -1.3% |
| 1995 | 9,382 million SLC | +14.3% |
| 1996 | 10,980 million SLC | +17.0% |
| 1997 | 11,111 million SLC | +1.2% |
| 1998 | 9,695 million SLC | -12.7% |
| 1999 | 10,725 million SLC | +10.6% |
| 2000 | 13,625 million SLC | +27.0% |
| 2001 | 12,203 million SLC | -10.4% |
| 2002 | 12,606 million SLC | +3.3% |
| 2003 | 15,268 million SLC | +21.1% |
| 2004 | 19,323 million SLC | +26.6% |
| 2005 | 26,179 million SLC | +35.5% |
| 2006 | 33,291 million SLC | +27.2% |
| 2007 | 36,104 million SLC | +8.4% |
| 2008 | 42,508 million SLC | +17.7% |
| 2009 | 32,490 million SLC | -23.6% |
| 2010 | 35,779 million SLC | +10.1% |
| 2011 | 44,992 million SLC | +25.7% |
| 2012 | 51,283 million SLC | +14.0% |
| 2013 | 53,151 million SLC | +3.6% |
| 2014 | 50,736 million SLC | -4.5% |
| 2015 | 38,292 million SLC | -24.5% |
| 2016 | 36,916 million SLC | -3.6% |
| 2017 | 42,306 million SLC | +14.6% |
| 2018 | 47,268 million SLC | +11.7% |
| 2019 | 46,898 million SLC | -0.8% |
| 2020 | 37,292 million SLC | -20.5% |
| 2021 | 49,109 million SLC | +31.7% |
| 2022 | 61,775 million SLC | +25.8% |
| 2023 | 55,147 million SLC | -10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,316 million SLC | 916 million SLC | 7,713 million SLC | 10 |
| 1980s | 8,184 million SLC | 7,385 million SLC | 9,518 million SLC | 10 |
| 1990s | 8,798 million SLC | 4,675 million SLC | 11,111 million SLC | 10 |
| 2000s | 24,360 million SLC | 12,203 million SLC | 42,508 million SLC | 10 |
| 2010s | 44,762 million SLC | 35,779 million SLC | 53,151 million SLC | 10 |
| 2020s | 50,830 million SLC | 37,292 million SLC | 61,775 million SLC | 4 |
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth -2.51 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.3294 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,645 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8558 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 27,652 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.2946 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Kuwait?
- Gross national income — value standard local currency in Kuwait was 55,147 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Kuwait?
- The highest recorded value was 61,775 million SLC in 2022.
- What is the lowest gross national income — value standard local currency recorded in Kuwait?
- The lowest recorded value was 916 million SLC in 1970.
- How does Kuwait rank for gross national income — value standard local currency?
- Kuwait ranks 146th out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Kuwait?
- Over the last ten years it is up 3.8%. 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 National Income — 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).