GDP (current US$) (UNESCO Institute) in Kuwait
Kuwait: GDP (current US$) (UNESCO Institute) was 160.23 billion current US$ in 2024. ◆ Volatile
Latest (2024)
160.23 billion current US$
Change on year
down 3.1%
World rank
59th
of 211 countries
All-time high
183.50 billion current US$
in 2022
All-time low
2.87 billion current US$
in 1970
Years of data
55
1970–2024
GDP in Kuwait, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
Kuwait recorded 160.23 billion current US$ for gdp in 2024.
Compared with earlier readings it is down 3.1% on the previous year and down 1.5% over ten years.
Over the whole period, gdp in Kuwait peaked at 183.50 billion current US$ in 2022 and was at its lowest, 2.87 billion current US$, in 1970.
Kuwait ranks 59th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 2.87 billion current US$ | — |
| 1971 | 3.88 billion current US$ | +35.0% |
| 1972 | 4.45 billion current US$ | +14.7% |
| 1973 | 5.41 billion current US$ | +21.5% |
| 1974 | 13.01 billion current US$ | +140.5% |
| 1975 | 12.02 billion current US$ | -7.6% |
| 1976 | 13.13 billion current US$ | +9.2% |
| 1977 | 14.14 billion current US$ | +7.7% |
| 1978 | 15.50 billion current US$ | +9.7% |
| 1979 | 24.75 billion current US$ | +59.6% |
| 1980 | 28.64 billion current US$ | +15.7% |
| 1981 | 25.06 billion current US$ | -12.5% |
| 1982 | 21.58 billion current US$ | -13.9% |
| 1983 | 20.87 billion current US$ | -3.3% |
| 1984 | 21.70 billion current US$ | +4.0% |
| 1985 | 21.45 billion current US$ | -1.2% |
| 1986 | 17.90 billion current US$ | -16.5% |
| 1987 | 22.37 billion current US$ | +24.9% |
| 1988 | 20.69 billion current US$ | -7.5% |
| 1989 | 24.31 billion current US$ | +17.5% |
| 1990 | 18.43 billion current US$ | -24.2% |
| 1991 | 11.01 billion current US$ | -40.3% |
| 1992 | 19.86 billion current US$ | +80.4% |
| 1993 | 23.94 billion current US$ | +20.6% |
| 1994 | 24.85 billion current US$ | +3.8% |
| 1995 | 27.19 billion current US$ | +9.4% |
| 1996 | 31.49 billion current US$ | +15.8% |
| 1997 | 30.35 billion current US$ | -3.6% |
| 1998 | 25.94 billion current US$ | -14.5% |
| 1999 | 30.12 billion current US$ | +16.1% |
| 2000 | 37.72 billion current US$ | +25.2% |
| 2001 | 34.89 billion current US$ | -7.5% |
| 2002 | 38.14 billion current US$ | +9.3% |
| 2003 | 47.87 billion current US$ | +25.5% |
| 2004 | 59.44 billion current US$ | +24.2% |
| 2005 | 80.80 billion current US$ | +35.9% |
| 2006 | 101.56 billion current US$ | +25.7% |
| 2007 | 114.63 billion current US$ | +12.9% |
| 2008 | 147.38 billion current US$ | +28.6% |
| 2009 | 105.97 billion current US$ | -28.1% |
| 2010 | 115.42 billion current US$ | +8.9% |
| 2011 | 154.04 billion current US$ | +33.5% |
| 2012 | 174.05 billion current US$ | +13.0% |
| 2013 | 174.17 billion current US$ | +0.1% |
| 2014 | 162.65 billion current US$ | -6.6% |
| 2015 | 114.59 billion current US$ | -29.6% |
| 2016 | 109.41 billion current US$ | -4.5% |
| 2017 | 120.69 billion current US$ | +10.3% |
| 2018 | 138.65 billion current US$ | +14.9% |
| 2019 | 140.86 billion current US$ | +1.6% |
| 2020 | 111.05 billion current US$ | -21.2% |
| 2021 | 148.35 billion current US$ | +33.6% |
| 2022 | 183.50 billion current US$ | +23.7% |
| 2023 | 165.38 billion current US$ | -9.9% |
| 2024 | 160.23 billion current US$ | -3.1% |
Kuwait compared with similar countries
- Kuwait's 160.23 billion current US$ is above the median for high income countries, which is 92.86 billion current US$, 1.7× the median. (82 countries reporting)
- Kuwait's 160.23 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 106.94 billion current US$, 1.5× the median. (23 countries reporting)
Biggest year-on-year movements
Years where GDP (current US$) (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 | +140.5% | 5.41 billion current US$ | 13.01 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.92 billion current US$ | 2.87 billion current US$ | 24.75 billion current US$ | 10 |
| 1980s | 22.46 billion current US$ | 17.90 billion current US$ | 28.64 billion current US$ | 10 |
| 1990s | 24.32 billion current US$ | 11.01 billion current US$ | 31.49 billion current US$ | 10 |
| 2000s | 76.84 billion current US$ | 34.89 billion current US$ | 147.38 billion current US$ | 10 |
| 2010s | 140.45 billion current US$ | 109.41 billion current US$ | 174.17 billion current US$ | 10 |
| 2020s | 153.70 billion current US$ | 111.05 billion current US$ | 183.50 billion current US$ | 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 160.23 billion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Kuwait?
- The highest recorded value was 183.50 billion current US$ in 2022.
- What is the lowest gdp recorded in Kuwait?
- The lowest recorded value was 2.87 billion current US$ in 1970.
- How does Kuwait rank for gdp?
- Kuwait ranks 59th out of 211 countries with data for 2024.
- Is gdp rising or falling in Kuwait?
- Over the last ten years it is down 1.5%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
February 2026 Data Release