Gross savings (current LCU), annual growth rate in Kuwait
Kuwait: Gross savings (current LCU), annual growth rate was -12.26 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-12.26 % change on previous year
Change on year
up 7.8%
World rank
161st
of 177 countries
All-time high
127.33 % change on previous year
in 2021
All-time low
-54.1 % change on previous year
in 2015
Years of data
46
1976–2024
Gross savings (current LCU), annual growth rate in Kuwait, 1976–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross savings (current lcu), annual growth rate in Kuwait is -12.26 % change on previous year, measured in 2024.
That represents a change of up 7.8% on the previous year and up 19.9% over ten years.
Over the whole period, gross savings (current lcu), annual growth rate in Kuwait peaked at 127.33 % change on previous year in 2021 and was at its lowest, -54.1 % change on previous year, in 2015.
That places Kuwait 161st out of 177 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU), annual growth rate in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1976 | 12.46 % change on previous year | — |
| 1977 | -15.45 % change on previous year | -224.0% |
| 1978 | 13.26 % change on previous year | -185.8% |
| 1979 | 88.82 % change on previous year | +569.6% |
| 1980 | 11.59 % change on previous year | -86.9% |
| 1981 | -7.26 % change on previous year | -162.6% |
| 1982 | -39.87 % change on previous year | +449.1% |
| 1983 | 4.06 % change on previous year | -110.2% |
| 1984 | 9.79 % change on previous year | +141.2% |
| 1985 | -16.68 % change on previous year | -270.4% |
| 1986 | 2.99 % change on previous year | -117.9% |
| 1987 | 11.01 % change on previous year | +268.2% |
| 1988 | -13.18 % change on previous year | -219.7% |
| 1989 | 30.76 % change on previous year | -333.5% |
| 1993 | 69.04 % change on previous year | +124.4% |
| 1994 | 2.79 % change on previous year | -96.0% |
| 1995 | 31.98 % change on previous year | +1046.5% |
| 1996 | 23.02 % change on previous year | -28.0% |
| 1997 | 4.23 % change on previous year | -81.6% |
| 1998 | -45.62 % change on previous year | -1177.3% |
| 1999 | 34.77 % change on previous year | -176.2% |
| 2000 | 99.43 % change on previous year | +186.0% |
| 2001 | -28.81 % change on previous year | -129.0% |
| 2002 | -19.71 % change on previous year | -31.6% |
| 2003 | 58.01 % change on previous year | -394.3% |
| 2004 | 64.81 % change on previous year | +11.7% |
| 2005 | 62.68 % change on previous year | -3.3% |
| 2006 | 41.93 % change on previous year | -33.1% |
| 2007 | -5.37 % change on previous year | -112.8% |
| 2008 | 24.27 % change on previous year | -551.9% |
| 2009 | -43.52 % change on previous year | -279.3% |
| 2010 | 28.08 % change on previous year | -164.5% |
| 2011 | 45.89 % change on previous year | +63.4% |
| 2012 | 17.47 % change on previous year | -61.9% |
| 2013 | -4.58 % change on previous year | -126.2% |
| 2014 | -15.31 % change on previous year | +234.0% |
| 2015 | -54.1 % change on previous year | +253.4% |
| 2016 | -21.06 % change on previous year | -61.1% |
| 2017 | 54.44 % change on previous year | -358.5% |
| 2018 | 28.54 % change on previous year | -47.6% |
| 2019 | -8.62 % change on previous year | -130.2% |
| 2020 | -48.86 % change on previous year | +466.8% |
| 2021 | 127.33 % change on previous year | -360.6% |
| 2022 | 61.32 % change on previous year | -51.8% |
| 2023 | -13.3 % change on previous year | -121.7% |
| 2024 | -12.26 % change on previous year | -7.8% |
Kuwait compared with similar countries
- Kuwait's -12.26 % change on previous year is below the median for high income countries, which is 5.17 % change on previous year. (63 countries reporting)
- Kuwait's -12.26 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 7.18 % change on previous year. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.77 % change on previous year | -15.45 % change on previous year | 88.82 % change on previous year | 4 |
| 1980s | -0.678 % change on previous year | -39.87 % change on previous year | 30.76 % change on previous year | 10 |
| 1990s | 17.17 % change on previous year | -45.62 % change on previous year | 69.04 % change on previous year | 7 |
| 2000s | 25.37 % change on previous year | -43.52 % change on previous year | 99.43 % change on previous year | 10 |
| 2010s | 7.08 % change on previous year | -54.1 % change on previous year | 54.44 % change on previous year | 10 |
| 2020s | 22.85 % change on previous year | -48.86 % change on previous year | 127.33 % change on previous year | 5 |
Countries ranked near Kuwait
- 158 Namibia -11.41 % change on previous year compare
- 159 Azerbaijan -11.98 % change on previous year compare
- 160 Mongolia -12.24 % change on previous year compare
- 162 Jordan -13.59 % change on previous year compare
- 163 Montenegro -14.25 % change on previous year compare
- 164 Gabon -14.34 % 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 savings (current lcu), annual growth rate in Kuwait?
- Gross savings (current lcu), annual growth rate in Kuwait was -12.26 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross savings (current lcu), annual growth rate recorded in Kuwait?
- The highest recorded value was 127.33 % change on previous year in 2021.
- What is the lowest gross savings (current lcu), annual growth rate recorded in Kuwait?
- The lowest recorded value was -54.1 % change on previous year in 2015.
- How does Kuwait rank for gross savings (current lcu), annual growth rate?
- Kuwait ranks 161st out of 177 countries with data for 2024.
- Is gross savings (current lcu), annual growth rate rising or falling in Kuwait?
- Over the last ten years it is up 19.9%. 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 savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.