GDP at market prices (constant 2010 US$) in Kuwait
Kuwait: GDP at market prices (constant 2010 US$) was 116.89 billion constant 2010 US$ in 2024. ▲ Rising
Latest (2024)
116.89 billion constant 2010 US$
Change on year
down 2.6%
World rank
60th
of 208 countries
All-time high
121.99 billion constant 2010 US$
in 2022
All-time low
20.02 billion constant 2010 US$
in 1991
Years of data
55
1970–2024
GDP at market prices in Kuwait, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
Kuwait recorded 116.89 billion constant 2010 US$ for gdp at market prices in 2024.
Compared with earlier readings it is down 2.6% on the previous year and up 2.6% over ten years.
Over the whole period, gdp at market prices in Kuwait peaked at 121.99 billion constant 2010 US$ in 2022 and was at its lowest, 20.02 billion constant 2010 US$, in 1991.
Kuwait ranks 60th of 208 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP at market prices (constant 2010 US$) in Kuwait, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 55.50 billion constant 2010 US$ | — |
| 1971 | 59.41 billion constant 2010 US$ | +7.0% |
| 1972 | 61.73 billion constant 2010 US$ | +3.9% |
| 1973 | 57.67 billion constant 2010 US$ | -6.6% |
| 1974 | 50.18 billion constant 2010 US$ | -13.0% |
| 1975 | 44.02 billion constant 2010 US$ | -12.3% |
| 1976 | 46.93 billion constant 2010 US$ | +6.6% |
| 1977 | 45.12 billion constant 2010 US$ | -3.8% |
| 1978 | 48.44 billion constant 2010 US$ | +7.4% |
| 1979 | 55.17 billion constant 2010 US$ | +13.9% |
| 1980 | 44.46 billion constant 2010 US$ | -19.4% |
| 1981 | 36.05 billion constant 2010 US$ | -18.9% |
| 1982 | 31.81 billion constant 2010 US$ | -11.7% |
| 1983 | 34.34 billion constant 2010 US$ | +7.9% |
| 1984 | 36.14 billion constant 2010 US$ | +5.2% |
| 1985 | 34.60 billion constant 2010 US$ | -4.3% |
| 1986 | 37.56 billion constant 2010 US$ | +8.6% |
| 1987 | 40.62 billion constant 2010 US$ | +8.1% |
| 1988 | 36.54 billion constant 2010 US$ | -10.1% |
| 1989 | 46.00 billion constant 2010 US$ | +25.9% |
| 1990 | 33.93 billion constant 2010 US$ | -26.2% |
| 1991 | 20.02 billion constant 2010 US$ | -41.0% |
| 1992 | 36.60 billion constant 2010 US$ | +82.8% |
| 1993 | 49.03 billion constant 2010 US$ | +34.0% |
| 1994 | 53.17 billion constant 2010 US$ | +8.4% |
| 1995 | 55.75 billion constant 2010 US$ | +4.9% |
| 1996 | 56.09 billion constant 2010 US$ | +0.6% |
| 1997 | 57.48 billion constant 2010 US$ | +2.5% |
| 1998 | 59.58 billion constant 2010 US$ | +3.7% |
| 1999 | 58.52 billion constant 2010 US$ | -1.8% |
| 2000 | 61.26 billion constant 2010 US$ | +4.7% |
| 2001 | 61.40 billion constant 2010 US$ | +0.2% |
| 2002 | 63.25 billion constant 2010 US$ | +3.0% |
| 2003 | 74.20 billion constant 2010 US$ | +17.3% |
| 2004 | 81.80 billion constant 2010 US$ | +10.2% |
| 2005 | 90.48 billion constant 2010 US$ | +10.6% |
| 2006 | 97.28 billion constant 2010 US$ | +7.5% |
| 2007 | 103.11 billion constant 2010 US$ | +6.0% |
| 2008 | 105.67 billion constant 2010 US$ | +2.5% |
| 2009 | 98.19 billion constant 2010 US$ | -7.1% |
| 2010 | 95.86 billion constant 2010 US$ | -2.4% |
| 2011 | 105.09 billion constant 2010 US$ | +9.6% |
| 2012 | 112.06 billion constant 2010 US$ | +6.6% |
| 2013 | 113.34 billion constant 2010 US$ | +1.1% |
| 2014 | 113.91 billion constant 2010 US$ | +0.5% |
| 2015 | 114.59 billion constant 2010 US$ | +0.6% |
| 2016 | 117.94 billion constant 2010 US$ | +2.9% |
| 2017 | 112.38 billion constant 2010 US$ | -4.7% |
| 2018 | 115.46 billion constant 2010 US$ | +2.7% |
| 2019 | 118.08 billion constant 2010 US$ | +2.3% |
| 2020 | 112.39 billion constant 2010 US$ | -4.8% |
| 2021 | 114.27 billion constant 2010 US$ | +1.7% |
| 2022 | 121.99 billion constant 2010 US$ | +6.8% |
| 2023 | 119.96 billion constant 2010 US$ | -1.7% |
| 2024 | 116.89 billion constant 2010 US$ | -2.6% |
Kuwait compared with similar countries
- Kuwait's 116.89 billion constant 2010 US$ is above the median for high income countries, which is 73.34 billion constant 2010 US$, 1.6× the median. (80 countries reporting)
- Kuwait's 116.89 billion constant 2010 US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 91.45 billion constant 2010 US$, 1.3× the median. (23 countries reporting)
Biggest year-on-year movements
Years where GDP at market prices (constant 2010 US$) in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +82.8% | 20.02 billion constant 2010 US$ | 36.60 billion constant 2010 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52.42 billion constant 2010 US$ | 44.02 billion constant 2010 US$ | 61.73 billion constant 2010 US$ | 10 |
| 1980s | 37.81 billion constant 2010 US$ | 31.81 billion constant 2010 US$ | 46.00 billion constant 2010 US$ | 10 |
| 1990s | 48.02 billion constant 2010 US$ | 20.02 billion constant 2010 US$ | 59.58 billion constant 2010 US$ | 10 |
| 2000s | 83.66 billion constant 2010 US$ | 61.26 billion constant 2010 US$ | 105.67 billion constant 2010 US$ | 10 |
| 2010s | 111.87 billion constant 2010 US$ | 95.86 billion constant 2010 US$ | 118.08 billion constant 2010 US$ | 10 |
| 2020s | 117.10 billion constant 2010 US$ | 112.39 billion constant 2010 US$ | 121.99 billion constant 2010 US$ | 5 |
Countries ranked near Kuwait
- 57 Uzbekistan 141.46 billion constant 2010 US$ compare
- 58 Morocco 134.54 billion constant 2010 US$ compare
- 59 Ethiopia 121.01 billion constant 2010 US$ compare
- 61 Ecuador 108.80 billion constant 2010 US$ compare
- 62 Slovakia 107.34 billion constant 2010 US$ compare
- 63 Dominican Republic 104.77 billion constant 2010 US$ compare
More population data for Kuwait
- Population regions with projections, annual growth rate 0.801 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -100 % change on previous year (2043)
- Population long run with projections, annual growth rate 0.801 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.0278 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 5,155 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.7699 Percent per annum (2030)
- Projected population under age 5, annual growth rate 0.9514 % change on previous year (2100)
- Population growth rate 0.797 (2100)
- Population density 538.83 (2100)
- Projected population under age 5 563,011 (2100)
Frequently asked questions
- What is gdp at market prices in Kuwait?
- Gdp at market prices in Kuwait was 116.89 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Kuwait?
- The highest recorded value was 121.99 billion constant 2010 US$ in 2022.
- What is the lowest gdp at market prices recorded in Kuwait?
- The lowest recorded value was 20.02 billion constant 2010 US$ in 1991.
- How does Kuwait rank for gdp at market prices?
- Kuwait ranks 60th out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Kuwait?
- Over the last ten years it is up 2.6%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
February 2026 Data Release