Gross savings in Kuwait
Kuwait: Gross savings was 44.1% in 2024. ▼ Falling
Gross savings in Kuwait, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Kuwait is 44.1%, measured in 2024.
That represents a change of down 9.6% on the previous year and down 12.0% over ten years.
Over the whole period, gross savings in Kuwait peaked at 71.3% in 1981 and was at its lowest, 22.9%, in 1992.
Kuwait ranks 5th of 177 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 48 years of available data.
Gross savings in Kuwait, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 67.9% | — |
| 1976 | 69.3% | +2.1% |
| 1977 | 55.5% | -19.9% |
| 1978 | 59.8% | +7.6% |
| 1979 | 70.4% | +17.7% |
| 1980 | 69.4% | -1.4% |
| 1981 | 71.3% | +2.8% |
| 1982 | 48.2% | -32.4% |
| 1983 | 51.2% | +6.3% |
| 1984 | 53.3% | +4.0% |
| 1985 | 44.2% | -17.0% |
| 1986 | 56.4% | +27.7% |
| 1987 | 52.3% | -7.3% |
| 1988 | 49.0% | -6.3% |
| 1989 | 51.8% | +5.7% |
| 1992 | 22.9% | -55.8% |
| 1993 | 31.2% | +36.2% |
| 1994 | 31.4% | +0.7% |
| 1995 | 37.7% | +20.0% |
| 1996 | 39.9% | +5.9% |
| 1997 | 42.6% | +6.8% |
| 1998 | 27.0% | -36.7% |
| 1999 | 31.4% | +16.2% |
| 2000 | 49.6% | +58.1% |
| 2001 | 38.2% | -23.0% |
| 2002 | 28.3% | -25.9% |
| 2003 | 36.3% | +28.4% |
| 2004 | 48.7% | +34.2% |
| 2005 | 58.9% | +20.8% |
| 2006 | 66.9% | +13.6% |
| 2007 | 57.2% | -14.4% |
| 2008 | 58.5% | +2.2% |
| 2009 | 42.9% | -26.6% |
| 2010 | 50.7% | +18.1% |
| 2011 | 57.5% | +13.5% |
| 2012 | 59.0% | +2.5% |
| 2013 | 55.5% | -5.9% |
| 2014 | 50.2% | -9.6% |
| 2015 | 30.9% | -38.4% |
| 2016 | 25.5% | -17.7% |
| 2017 | 35.5% | +39.4% |
| 2018 | 39.9% | +12.4% |
| 2019 | 35.7% | -10.5% |
| 2020 | 23.0% | -35.7% |
| 2021 | 39.7% | +72.8% |
| 2022 | 50.9% | +28.5% |
| 2023 | 48.8% | -4.1% |
| 2024 | 44.1% | -9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 64.6% | 55.5% | 70.4% | 5 |
| 1980s | 54.7% | 44.2% | 71.3% | 10 |
| 1990s | 33.0% | 22.9% | 42.6% | 8 |
| 2000s | 48.5% | 28.3% | 66.9% | 10 |
| 2010s | 44.0% | 25.5% | 59.0% | 10 |
| 2020s | 41.3% | 23.0% | 50.9% | 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)
- Services, value added (current US$), annual growth rate 4.66 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5962 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 19,266 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 4.58 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.1827 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 5,904 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.04 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5337 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Kuwait?
- Gross savings in Kuwait was 44.1% 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 71.3% in 1981.
- What is the lowest gross savings recorded in Kuwait?
- The lowest recorded value was 22.9% in 1992.
- How does Kuwait rank for gross savings?
- Kuwait ranks 5th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Kuwait?
- Over the last ten years it is down 12.0%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.