GDP (current LCU) (UNESCO Institute) in Kuwait
Kuwait: GDP (current LCU) (UNESCO Institute) was 49.14 billion current LCU in 2024. ◆ Volatile
Latest (2024)
49.14 billion current LCU
Change on year
down 3.3%
World rank
157th
of 211 countries
All-time high
56.20 billion current LCU
in 2022
All-time low
1.03 billion current LCU
in 1970
Years of data
55
1970–2024
GDP in Kuwait, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
The most recent figure for gdp in Kuwait is 49.14 billion current LCU, measured in 2024.
That represents a change of down 3.3% on the previous year and up 6.2% over ten years.
Over the whole period, gdp in Kuwait peaked at 56.20 billion current LCU in 2022 and was at its lowest, 1.03 billion current LCU, in 1970.
That places Kuwait 157th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNESCO Institute) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 1.03 billion current LCU | — |
| 1971 | 1.38 billion current LCU | +34.6% |
| 1972 | 1.46 billion current LCU | +5.9% |
| 1973 | 1.60 billion current LCU | +9.6% |
| 1974 | 3.81 billion current LCU | +137.7% |
| 1975 | 3.49 billion current LCU | -8.5% |
| 1976 | 3.84 billion current LCU | +10.1% |
| 1977 | 4.05 billion current LCU | +5.5% |
| 1978 | 4.26 billion current LCU | +5.3% |
| 1979 | 6.84 billion current LCU | +60.4% |
| 1980 | 7.74 billion current LCU | +13.2% |
| 1981 | 6.99 billion current LCU | -9.8% |
| 1982 | 6.21 billion current LCU | -11.1% |
| 1983 | 6.08 billion current LCU | -2.1% |
| 1984 | 6.42 billion current LCU | +5.6% |
| 1985 | 6.45 billion current LCU | +0.4% |
| 1986 | 5.20 billion current LCU | -19.3% |
| 1987 | 6.23 billion current LCU | +19.8% |
| 1988 | 5.77 billion current LCU | -7.4% |
| 1989 | 7.14 billion current LCU | +23.7% |
| 1990 | 5.31 billion current LCU | -25.7% |
| 1991 | 3.13 billion current LCU | -41.0% |
| 1992 | 5.83 billion current LCU | +86.2% |
| 1993 | 7.23 billion current LCU | +24.1% |
| 1994 | 7.38 billion current LCU | +2.1% |
| 1995 | 8.11 billion current LCU | +9.9% |
| 1996 | 9.43 billion current LCU | +16.2% |
| 1997 | 9.21 billion current LCU | -2.4% |
| 1998 | 7.91 billion current LCU | -14.1% |
| 1999 | 9.17 billion current LCU | +16.0% |
| 2000 | 11.57 billion current LCU | +26.2% |
| 2001 | 10.70 billion current LCU | -7.5% |
| 2002 | 11.59 billion current LCU | +8.3% |
| 2003 | 14.27 billion current LCU | +23.1% |
| 2004 | 17.52 billion current LCU | +22.8% |
| 2005 | 23.59 billion current LCU | +34.7% |
| 2006 | 29.47 billion current LCU | +24.9% |
| 2007 | 32.58 billion current LCU | +10.6% |
| 2008 | 39.62 billion current LCU | +21.6% |
| 2009 | 30.50 billion current LCU | -23.0% |
| 2010 | 33.08 billion current LCU | +8.5% |
| 2011 | 42.51 billion current LCU | +28.5% |
| 2012 | 48.72 billion current LCU | +14.6% |
| 2013 | 49.39 billion current LCU | +1.4% |
| 2014 | 46.28 billion current LCU | -6.3% |
| 2015 | 34.47 billion current LCU | -25.5% |
| 2016 | 33.06 billion current LCU | -4.1% |
| 2017 | 36.61 billion current LCU | +10.8% |
| 2018 | 41.87 billion current LCU | +14.4% |
| 2019 | 42.77 billion current LCU | +2.2% |
| 2020 | 34.01 billion current LCU | -20.5% |
| 2021 | 44.75 billion current LCU | +31.6% |
| 2022 | 56.20 billion current LCU | +25.6% |
| 2023 | 50.80 billion current LCU | -9.6% |
| 2024 | 49.14 billion current LCU | -3.3% |
Kuwait compared with similar countries
- Kuwait's 49.14 billion current LCU is below the median for high income countries, which is 220.22 billion current LCU, 22% of the median. (82 countries reporting)
- Kuwait's 49.14 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 trillion current LCU, 3% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (UNESCO Institute) 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 |
|---|---|---|---|
| 1974 | +137.7% | 1.60 billion current LCU | 3.81 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.18 billion current LCU | 1.03 billion current LCU | 6.84 billion current LCU | 10 |
| 1980s | 6.42 billion current LCU | 5.20 billion current LCU | 7.74 billion current LCU | 10 |
| 1990s | 7.27 billion current LCU | 3.13 billion current LCU | 9.43 billion current LCU | 10 |
| 2000s | 22.14 billion current LCU | 10.70 billion current LCU | 39.62 billion current LCU | 10 |
| 2010s | 40.88 billion current LCU | 33.06 billion current LCU | 49.39 billion current LCU | 10 |
| 2020s | 46.98 billion current LCU | 34.01 billion current LCU | 56.20 billion current LCU | 5 |
Countries ranked near Kuwait
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 in Kuwait?
- Gdp in Kuwait was 49.14 billion current LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Kuwait?
- The highest recorded value was 56.20 billion current LCU in 2022.
- What is the lowest gdp recorded in Kuwait?
- The lowest recorded value was 1.03 billion current LCU in 1970.
- How does Kuwait rank for gdp?
- Kuwait ranks 157th out of 211 countries with data for 2024.
- Is gdp rising or falling in Kuwait?
- Over the last ten years it is up 6.2%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release