Annual GDP growth in Kuwait
Kuwait: Annual GDP growth was -1.5% in 2024. ◆ Volatile
Annual GDP growth in Kuwait, 1982–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Kuwait is -1.5%, measured in 2024.
Compared with earlier readings it is up 10.2% on the previous year and down 394.2% over ten years.
Over the whole period, annual gdp growth in Kuwait peaked at 82.8% in 1992 and was at its lowest, -41.0%, in 1991.
Kuwait ranks 188th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.7% | -10.1% | 25.9% | 8 |
| 1990s | 6.6% | -41.0% | 82.8% | 10 |
| 2000s | 5.5% | -7.1% | 17.3% | 10 |
| 2010s | 1.9% | -4.7% | 9.6% | 10 |
| 2020s | 0.1% | -4.8% | 6.8% | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- External balance on goods and services as a percent of GDP 17.5% (2024)
- Inflation of consumer prices 2.4% (2025)
- GDP per capita 24,963 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 7.7% (2025)
- Gross domestic product (GDP) 121.45 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 24,963 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Kuwait?
- Annual gdp growth in Kuwait was -1.5% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Kuwait?
- The highest recorded value was 82.8% in 1992.
- What is the lowest annual gdp growth recorded in Kuwait?
- The lowest recorded value was -41.0% in 1991.
- How does Kuwait rank for annual gdp growth?
- Kuwait ranks 188th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Kuwait?
- Over the last ten years it is down 394.2%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.