Gross savings in Kuwait
Kuwait: Gross savings was 21.78 billion current LCU in 2024. ◆ Volatile
Latest (2024)
21.78 billion current LCU
Change on year
down 12.3%
World rank
128th
of 178 countries
All-time high
28.74 billion current LCU
in 2012
All-time low
1.33 billion current LCU
in 1992
Years of data
48
1975–2024
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 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 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
- 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 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 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.
Download this data
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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.