GDP (current LCU), annual growth rate in Kuwait
Kuwait: GDP (current LCU), annual growth rate was -3.27 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Kuwait, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (current lcu), annual growth rate in Kuwait is -3.27 % change on previous year, measured in 2024.
That represents a change of up 65.9% on the previous year and up 48.0% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Kuwait peaked at 137.7 % change on previous year in 1974 and was at its lowest, -41.03 % change on previous year, in 1991.
Kuwait ranks 209th of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 34.64 % change on previous year | — |
| 1972 | 5.95 % change on previous year | -82.8% |
| 1973 | 9.57 % change on previous year | +60.9% |
| 1974 | 137.7 % change on previous year | +1339.0% |
| 1975 | -8.55 % change on previous year | -106.2% |
| 1976 | 10.11 % change on previous year | -218.3% |
| 1977 | 5.51 % change on previous year | -45.5% |
| 1978 | 5.26 % change on previous year | -4.6% |
| 1979 | 60.4 % change on previous year | +1048.8% |
| 1980 | 13.18 % change on previous year | -78.2% |
| 1981 | -9.76 % change on previous year | -174.0% |
| 1982 | -11.07 % change on previous year | +13.5% |
| 1983 | -2.07 % change on previous year | -81.3% |
| 1984 | 5.61 % change on previous year | -370.3% |
| 1985 | 0.3949 % change on previous year | -93.0% |
| 1986 | -19.34 % change on previous year | -4996.4% |
| 1987 | 19.81 % change on previous year | -202.4% |
| 1988 | -7.38 % change on previous year | -137.3% |
| 1989 | 23.73 % change on previous year | -421.4% |
| 1990 | -25.7 % change on previous year | -208.3% |
| 1991 | -41.03 % change on previous year | +59.6% |
| 1992 | 86.16 % change on previous year | -310.0% |
| 1993 | 24.09 % change on previous year | -72.0% |
| 1994 | 2.07 % change on previous year | -91.4% |
| 1995 | 9.94 % change on previous year | +380.3% |
| 1996 | 16.21 % change on previous year | +63.0% |
| 1997 | -2.36 % change on previous year | -114.6% |
| 1998 | -14.12 % change on previous year | +498.7% |
| 1999 | 15.98 % change on previous year | -213.1% |
| 2000 | 26.18 % change on previous year | +63.9% |
| 2001 | -7.52 % change on previous year | -128.7% |
| 2002 | 8.32 % change on previous year | -210.6% |
| 2003 | 23.1 % change on previous year | +177.7% |
| 2004 | 22.78 % change on previous year | -1.4% |
| 2005 | 34.69 % change on previous year | +52.3% |
| 2006 | 24.91 % change on previous year | -28.2% |
| 2007 | 10.56 % change on previous year | -57.6% |
| 2008 | 21.61 % change on previous year | +104.7% |
| 2009 | -23.03 % change on previous year | -206.6% |
| 2010 | 8.47 % change on previous year | -136.8% |
| 2011 | 28.52 % change on previous year | +236.7% |
| 2012 | 14.61 % change on previous year | -48.8% |
| 2013 | 1.38 % change on previous year | -90.6% |
| 2014 | -6.29 % change on previous year | -557.5% |
| 2015 | -25.52 % change on previous year | +305.7% |
| 2016 | -4.11 % change on previous year | -83.9% |
| 2017 | 10.75 % change on previous year | -361.5% |
| 2018 | 14.35 % change on previous year | +33.5% |
| 2019 | 2.15 % change on previous year | -85.0% |
| 2020 | -20.48 % change on previous year | -1052.4% |
| 2021 | 31.59 % change on previous year | -254.2% |
| 2022 | 25.58 % change on previous year | -19.0% |
| 2023 | -9.6 % change on previous year | -137.5% |
| 2024 | -3.27 % change on previous year | -65.9% |
Kuwait compared with similar countries
- Kuwait's -3.27 % change on previous year is below the median for high income countries, which is 5.96 % change on previous year. (82 countries reporting)
- Kuwait's -3.27 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.92 % change on previous year. (23 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate 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 |
|---|---|---|---|
| 1986 | -4996.4% | 0.3949 % change on previous year | -19.34 % change on previous year |
| 1974 | +1339.0% | 9.57 % change on previous year | 137.7 % change on previous year |
| 1979 | +1048.8% | 5.26 % change on previous year | 60.4 % change on previous year |
| 2020 | -1052.4% | 2.15 % change on previous year | -20.48 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.95 % change on previous year | -8.55 % change on previous year | 137.7 % change on previous year | 9 |
| 1980s | 1.31 % change on previous year | -19.34 % change on previous year | 23.73 % change on previous year | 10 |
| 1990s | 7.12 % change on previous year | -41.03 % change on previous year | 86.16 % change on previous year | 10 |
| 2000s | 14.16 % change on previous year | -23.03 % change on previous year | 34.69 % change on previous year | 10 |
| 2010s | 4.43 % change on previous year | -25.52 % change on previous year | 28.52 % change on previous year | 10 |
| 2020s | 4.76 % change on previous year | -20.48 % change on previous year | 31.59 % change on previous year | 5 |
Countries ranked near Kuwait
- 206 Oman 0.9888 % change on previous year compare
- 207 Saint Kitts and Nevis 0.9396 % change on previous year compare
- 208 Botswana -0.2986 % change on previous year compare
- 210 East Timor -9.55 % change on previous year compare
- 211 Palestine -23.18 % change on previous year 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)
- World population growth 0.8% (2100)
- Population density 538.83 people per km² (2100)
- Number of children under 5, by world region 563,011 people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Kuwait?
- Gdp (current lcu), annual growth rate in Kuwait was -3.27 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Kuwait?
- The highest recorded value was 137.7 % change on previous year in 1974.
- What is the lowest gdp (current lcu), annual growth rate recorded in Kuwait?
- The lowest recorded value was -41.03 % change on previous year in 1991.
- How does Kuwait rank for gdp (current lcu), annual growth rate?
- Kuwait ranks 209th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Kuwait?
- Over the last ten years it is up 48.0%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.