Gross savings (current US$) in Kuwait
Kuwait: Gross savings (current US$) was 71.00 billion current US$ in 2024. ◆ Volatile
Gross savings in Kuwait, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Kuwait recorded 71.00 billion current US$ for gross savings in 2024.
Compared with earlier readings it is down 12.1% on the previous year and down 13.0% over ten years.
Over the whole period, gross savings in Kuwait peaked at 102.65 billion current US$ in 2012 and was at its lowest, 4.55 billion current US$, in 1992.
Kuwait ranks 47th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current US$) in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 8.16 billion current US$ | — |
| 1976 | 9.10 billion current US$ | +11.6% |
| 1977 | 7.85 billion current US$ | -13.7% |
| 1978 | 9.27 billion current US$ | +18.0% |
| 1979 | 17.41 billion current US$ | +87.9% |
| 1980 | 19.87 billion current US$ | +14.1% |
| 1981 | 17.87 billion current US$ | -10.1% |
| 1982 | 10.40 billion current US$ | -41.8% |
| 1983 | 10.69 billion current US$ | +2.8% |
| 1984 | 11.56 billion current US$ | +8.1% |
| 1985 | 9.48 billion current US$ | -18.0% |
| 1986 | 10.10 billion current US$ | +6.6% |
| 1987 | 11.70 billion current US$ | +15.8% |
| 1988 | 10.14 billion current US$ | -13.3% |
| 1989 | 12.60 billion current US$ | +24.2% |
| 1992 | 4.55 billion current US$ | -63.9% |
| 1993 | 7.47 billion current US$ | +64.2% |
| 1994 | 7.81 billion current US$ | +4.5% |
| 1995 | 10.25 billion current US$ | +31.3% |
| 1996 | 12.57 billion current US$ | +22.6% |
| 1997 | 12.93 billion current US$ | +2.9% |
| 1998 | 7.00 billion current US$ | -45.9% |
| 1999 | 9.45 billion current US$ | +34.9% |
| 2000 | 18.70 billion current US$ | +97.9% |
| 2001 | 13.31 billion current US$ | -28.8% |
| 2002 | 10.79 billion current US$ | -19.0% |
| 2003 | 17.38 billion current US$ | +61.1% |
| 2004 | 28.97 billion current US$ | +66.7% |
| 2005 | 47.56 billion current US$ | +64.2% |
| 2006 | 67.93 billion current US$ | +42.8% |
| 2007 | 65.63 billion current US$ | -3.4% |
| 2008 | 86.22 billion current US$ | +31.4% |
| 2009 | 45.49 billion current US$ | -47.2% |
| 2010 | 58.50 billion current US$ | +28.6% |
| 2011 | 88.63 billion current US$ | +51.5% |
| 2012 | 102.65 billion current US$ | +15.8% |
| 2013 | 96.68 billion current US$ | -5.8% |
| 2014 | 81.60 billion current US$ | -15.6% |
| 2015 | 35.43 billion current US$ | -56.6% |
| 2016 | 27.85 billion current US$ | -21.4% |
| 2017 | 42.83 billion current US$ | +53.8% |
| 2018 | 55.31 billion current US$ | +29.1% |
| 2019 | 50.27 billion current US$ | -9.1% |
| 2020 | 25.49 billion current US$ | -49.3% |
| 2021 | 58.82 billion current US$ | +130.8% |
| 2022 | 93.47 billion current US$ | +58.9% |
| 2023 | 80.79 billion current US$ | -13.6% |
| 2024 | 71.00 billion current US$ | -12.1% |
Kuwait compared with similar countries
- Kuwait's 71.00 billion current US$ is above the median for high income countries, which is 58.75 billion current US$, 1.2× the median. (63 countries reporting)
- Kuwait's 71.00 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 29.69 billion current US$, 2.4× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.36 billion current US$ | 7.85 billion current US$ | 17.41 billion current US$ | 5 |
| 1980s | 12.44 billion current US$ | 9.48 billion current US$ | 19.87 billion current US$ | 10 |
| 1990s | 9.00 billion current US$ | 4.55 billion current US$ | 12.93 billion current US$ | 8 |
| 2000s | 40.20 billion current US$ | 10.79 billion current US$ | 86.22 billion current US$ | 10 |
| 2010s | 63.98 billion current US$ | 27.85 billion current US$ | 102.65 billion current US$ | 10 |
| 2020s | 65.91 billion current US$ | 25.49 billion current US$ | 93.47 billion current US$ | 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 71.00 billion current US$ 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 102.65 billion current US$ in 2012.
- What is the lowest gross savings recorded in Kuwait?
- The lowest recorded value was 4.55 billion current US$ in 1992.
- How does Kuwait rank for gross savings?
- Kuwait ranks 47th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Kuwait?
- Over the last ten years it is down 13.0%. 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 US$). 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 indicator is expressed in United States dollars.