Gross value added at basic prices (GVA) (current LCU) in Kuwait
Kuwait: Gross value added at basic prices (GVA) (current LCU) was 51.79 billion current LCU in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Kuwait, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Kuwait stood at 51.79 billion current LCU.
Compared with earlier readings it is down 2.5% on the previous year and up 38.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Kuwait peaked at 59.41 billion current LCU in 2022 and was at its lowest, 8.21 billion current LCU, in 1998.
Kuwait ranks 154th of 207 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 value added at basic prices (GVA) (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 8.21 billion current LCU | — |
| 1996 | 9.55 billion current LCU | +16.3% |
| 1997 | 9.43 billion current LCU | -1.3% |
| 1998 | 8.21 billion current LCU | -12.9% |
| 1999 | 9.53 billion current LCU | +16.1% |
| 2000 | 11.49 billion current LCU | +20.6% |
| 2001 | 10.62 billion current LCU | -7.6% |
| 2002 | 11.49 billion current LCU | +8.3% |
| 2003 | 14.13 billion current LCU | +23.0% |
| 2004 | 17.36 billion current LCU | +22.8% |
| 2005 | 23.42 billion current LCU | +34.9% |
| 2006 | 29.28 billion current LCU | +25.0% |
| 2007 | 32.36 billion current LCU | +10.5% |
| 2008 | 39.40 billion current LCU | +21.7% |
| 2009 | 30.30 billion current LCU | -23.1% |
| 2010 | 35.80 billion current LCU | +18.2% |
| 2011 | 45.85 billion current LCU | +28.1% |
| 2012 | 52.76 billion current LCU | +15.1% |
| 2013 | 53.16 billion current LCU | +0.8% |
| 2014 | 50.37 billion current LCU | -5.3% |
| 2015 | 37.37 billion current LCU | -25.8% |
| 2016 | 35.15 billion current LCU | -5.9% |
| 2017 | 38.82 billion current LCU | +10.4% |
| 2018 | 44.42 billion current LCU | +14.4% |
| 2019 | 45.57 billion current LCU | +2.6% |
| 2020 | 36.70 billion current LCU | -19.5% |
| 2021 | 47.39 billion current LCU | +29.1% |
| 2022 | 59.41 billion current LCU | +25.4% |
| 2023 | 54.40 billion current LCU | -8.4% |
| 2024 | 53.12 billion current LCU | -2.3% |
| 2025 | 51.79 billion current LCU | -2.5% |
Kuwait compared with similar countries
- Kuwait's 51.79 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 19% of the median. (77 countries reporting)
- Kuwait's 51.79 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.50 trillion current LCU, 3% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.98 billion current LCU | 8.21 billion current LCU | 9.55 billion current LCU | 5 |
| 2000s | 21.99 billion current LCU | 10.62 billion current LCU | 39.40 billion current LCU | 10 |
| 2010s | 43.93 billion current LCU | 35.15 billion current LCU | 53.16 billion current LCU | 10 |
| 2020s | 50.47 billion current LCU | 36.70 billion current LCU | 59.41 billion current LCU | 6 |
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 value added at basic prices (gva) in Kuwait?
- Gross value added at basic prices (gva) in Kuwait was 51.79 billion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Kuwait?
- The highest recorded value was 59.41 billion current LCU in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Kuwait?
- The lowest recorded value was 8.21 billion current LCU in 1998.
- How does Kuwait rank for gross value added at basic prices (gva)?
- Kuwait ranks 154th out of 207 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Kuwait?
- Over the last ten years it is up 38.6%. 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 Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.