Gross savings (current LCU) in Kuwait
Kuwait: Gross savings (current LCU) 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 130th out of 178 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.
Gross savings (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | 2.37 billion current LCU | — |
| 1976 | 2.66 billion current LCU | +12.5% |
| 1977 | 2.25 billion current LCU | -15.5% |
| 1978 | 2.55 billion current LCU | +13.3% |
| 1979 | 4.81 billion current LCU | +88.8% |
| 1980 | 5.37 billion current LCU | +11.6% |
| 1981 | 4.98 billion current LCU | -7.3% |
| 1982 | 3.00 billion current LCU | -39.9% |
| 1983 | 3.12 billion current LCU | +4.1% |
| 1984 | 3.42 billion current LCU | +9.8% |
| 1985 | 2.85 billion current LCU | -16.7% |
| 1986 | 2.94 billion current LCU | +3.0% |
| 1987 | 3.26 billion current LCU | +11.0% |
| 1988 | 2.83 billion current LCU | -13.2% |
| 1989 | 3.70 billion current LCU | +30.8% |
| 1992 | 1.33 billion current LCU | -63.9% |
| 1993 | 2.26 billion current LCU | +69.0% |
| 1994 | 2.32 billion current LCU | +2.8% |
| 1995 | 3.06 billion current LCU | +32.0% |
| 1996 | 3.76 billion current LCU | +23.0% |
| 1997 | 3.92 billion current LCU | +4.2% |
| 1998 | 2.13 billion current LCU | -45.6% |
| 1999 | 2.88 billion current LCU | +34.8% |
| 2000 | 5.74 billion current LCU | +99.4% |
| 2001 | 4.08 billion current LCU | -28.8% |
| 2002 | 3.28 billion current LCU | -19.7% |
| 2003 | 5.18 billion current LCU | +58.0% |
| 2004 | 8.54 billion current LCU | +64.8% |
| 2005 | 13.89 billion current LCU | +62.7% |
| 2006 | 19.71 billion current LCU | +41.9% |
| 2007 | 18.65 billion current LCU | -5.4% |
| 2008 | 23.18 billion current LCU | +24.3% |
| 2009 | 13.09 billion current LCU | -43.5% |
| 2010 | 16.77 billion current LCU | +28.1% |
| 2011 | 24.46 billion current LCU | +45.9% |
| 2012 | 28.74 billion current LCU | +17.5% |
| 2013 | 27.42 billion current LCU | -4.6% |
| 2014 | 23.22 billion current LCU | -15.3% |
| 2015 | 10.66 billion current LCU | -54.1% |
| 2016 | 8.41 billion current LCU | -21.1% |
| 2017 | 12.99 billion current LCU | +54.4% |
| 2018 | 16.70 billion current LCU | +28.5% |
| 2019 | 15.26 billion current LCU | -8.6% |
| 2020 | 7.81 billion current LCU | -48.9% |
| 2021 | 17.74 billion current LCU | +127.3% |
| 2022 | 28.62 billion current LCU | +61.3% |
| 2023 | 24.82 billion current LCU | -13.3% |
| 2024 | 21.78 billion current LCU | -12.3% |
Kuwait compared with similar countries
- Kuwait's 21.78 billion current LCU is below the median for high income countries, which is 181.85 billion current LCU, 12% of the median. (63 countries reporting)
- Kuwait's 21.78 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 109.67 billion current LCU, 20% of the median. (21 countries reporting)
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
- 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 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 130th out of 178 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.