Gross savings in Kuwait
Kuwait: Gross savings was 21.78 billion current LCU in 2024. ◆ Volatile
Gross savings in Kuwait, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Kuwait stood at 21.78 billion current LCU.
Compared with earlier readings it is down 12.3% on the previous year and down 6.2% over ten years.
Over the whole period, gross savings in Kuwait peaked at 28.74 billion current LCU in 2012 and was at its lowest, 1.33 billion current LCU, in 1992.
That places Kuwait 128th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.93 billion current LCU | 2.25 billion current LCU | 4.81 billion current LCU | 5 |
| 1980s | 3.55 billion current LCU | 2.83 billion current LCU | 5.37 billion current LCU | 10 |
| 1990s | 2.71 billion current LCU | 1.33 billion current LCU | 3.92 billion current LCU | 8 |
| 2000s | 11.53 billion current LCU | 3.28 billion current LCU | 23.18 billion current LCU | 10 |
| 2010s | 18.46 billion current LCU | 8.41 billion current LCU | 28.74 billion current LCU | 10 |
| 2020s | 20.15 billion current LCU | 7.81 billion current LCU | 28.62 billion current LCU | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- External balance on goods and services as a percent of GDP 17.5% (2024)
- Inflation of consumer prices 2.4% (2025)
- GDP per capita 24,963 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 7.7% (2025)
- Gross domestic product (GDP) 121.45 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 24,963 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
Frequently asked questions
- What is gross savings in Kuwait?
- Gross savings in Kuwait was 21.78 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Kuwait?
- The highest recorded value was 28.74 billion current LCU in 2012.
- What is the lowest gross savings recorded in Kuwait?
- The lowest recorded value was 1.33 billion current LCU in 1992.
- How does Kuwait rank for gross savings?
- Kuwait ranks 128th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Kuwait?
- Over the last ten years it is down 6.2%. 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 Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.