Inflation, consumer prices in Kuwait
Kuwait: Inflation, consumer prices was 2.9 in 2024. β Volatile
Latest (2024)
2.9
Change on year
down 20.4%
World rank
33rd
of 70 countries
All-time high
12.99
in 1974
All-time low
-0.5455
in 1992
Years of data
52
1973β2024
Inflation, consumer prices in Kuwait, 1973β2024
Source: UNICEF.
Analysis
The most recent figure for inflation, consumer prices in Kuwait is 2.9, measured in 2024.
That represents a change of down 20.4% on the previous year and down 0.4% over ten years.
Over the whole period, inflation, consumer prices in Kuwait peaked at 12.99 in 1974 and was at its lowest, -0.5455, in 1992.
Kuwait ranks 33rd of 70 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.65 | 5.24 | 12.99 | 7 |
| 1980s | 3.59 | 0.6548 | 7.78 | 10 |
| 1990s | 3.13 | -0.5455 | 9.83 | 10 |
| 2000s | 3.41 | 0.8884 | 10.58 | 10 |
| 2010s | 2.85 | 0.5431 | 4.84 | 10 |
| 2020s | 3.21 | 2.1 | 3.98 | 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)
- Taxes less subsidies on products (current LCU), annual growth rate 4.34 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP -0.023 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita -742.6 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 2.39 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.4182 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 0.3054 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 3.27 (2025)
- Gdp worldbank constant usd, annual growth rate 2.73 % change on previous year (2025)
Frequently asked questions
- What is inflation, consumer prices in Kuwait?
- Inflation, consumer prices in Kuwait was 2.9 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Kuwait?
- The highest recorded value was 12.99 in 1974.
- What is the lowest inflation, consumer prices recorded in Kuwait?
- The lowest recorded value was -0.5455 in 1992.
- How does Kuwait rank for inflation, consumer prices?
- Kuwait ranks 33rd out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Kuwait?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 52 observations, free to reuse under UNICEF Terms of Use (attribution required).