GDP growth (annual %) (UNESCO Institute) in Kuwait

Kuwait: GDP growth (annual %) (UNESCO Institute) was -2.6% in 2024. ◆ Volatile

Latest (2024)
-2.6%
Change on year
down 53.6%
World rank
205th
of 212 countries
All-time high
82.8%
in 1992
All-time low
-41.0%
in 1991
Years of data
54
1971–2024

GDP growth in Kuwait, 1971–2024

-50-250255075197119972024

Source: UNESCO Institute for Statistics. Measured in annual %.

Analysis

The most recent figure for gdp growth in Kuwait is -2.6%, measured in 2024.

The figure is down 53.6% on the previous year and down 611.1% over ten years.

Over the whole period, gdp growth in Kuwait peaked at 82.8% in 1992 and was at its lowest, -41.0%, in 1991.

Kuwait ranks 205th of 212 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 growth (annual %) (UNESCO Institute) in Kuwait, year by year

Annual values for GDP growth (annual %) in Kuwait, 1971 to 2024.
Year annual % Change
1971 7.0% —
1972 3.9% -44.6%
1973 -6.6% -268.4%
1974 -13.0% +97.7%
1975 -12.3% -5.5%
1976 6.6% -153.8%
1977 -3.8% -158.2%
1978 7.4% -291.2%
1979 13.9% +89.0%
1980 -19.4% -239.7%
1981 -18.9% -2.5%
1982 -11.7% -37.9%
1983 7.9% -167.6%
1984 5.2% -34.0%
1985 -4.3% -181.4%
1986 8.6% -300.9%
1987 8.1% -4.9%
1988 -10.1% -223.4%
1989 25.9% -357.6%
1990 -26.2% -201.3%
1991 -41.0% +56.3%
1992 82.8% -301.9%
1993 34.0% -59.0%
1994 8.4% -75.2%
1995 4.9% -42.4%
1996 0.6% -87.5%
1997 2.5% +308.7%
1998 3.7% +48.1%
1999 -1.8% -148.9%
2000 4.7% -362.4%
2001 0.2% -95.5%
2002 3.0% +1313.0%
2003 17.3% +474.8%
2004 10.2% -40.9%
2005 10.6% +3.6%
2006 7.5% -29.2%
2007 6.0% -20.3%
2008 2.5% -58.6%
2009 -7.1% -385.4%
2010 -2.4% -66.5%
2011 9.6% -506.2%
2012 6.6% -31.2%
2013 1.1% -82.7%
2014 0.5% -56.4%
2015 0.6% +18.3%
2016 2.9% +393.6%
2017 -4.7% -261.0%
2018 2.7% -158.2%
2019 2.3% -17.5%
2020 -4.8% -312.8%
2021 1.7% -134.7%
2022 6.8% +304.1%
2023 -1.7% -124.7%
2024 -2.6% +53.6%

Kuwait compared with similar countries

  • Kuwait's -2.6% is below the median for high income countries, which is 2.3%. (83 countries reporting)
  • Kuwait's -2.6% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.3%. (23 countries reporting)

Biggest year-on-year movements

Years where GDP growth (annual %) (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.

YearChange FromTo
2002 +1313.0% 0.2% 3.0%

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.3% -13.0% 13.9% 9
1980s -0.9% -19.4% 25.9% 10
1990s 6.8% -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

  1. 202 Cuba -1.9% compare
  2. 203 Ecuador -2.0% compare
  3. 204 East Timor -2.2% compare
  4. 206 Botswana -3.0% compare
  5. 207 Venezuela -3.9% compare
  6. 208 Isle of Man -4.2% compare

See the full ranking of 212 places →

More population data for Kuwait

All data for Kuwait →

Frequently asked questions

What is gdp growth in Kuwait?
Gdp growth in Kuwait was -2.6% in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp growth recorded in Kuwait?
The highest recorded value was 82.8% in 1992.
What is the lowest gdp growth recorded in Kuwait?
The lowest recorded value was -41.0% in 1991.
How does Kuwait rank for gdp growth?
Kuwait ranks 205th out of 212 countries with data for 2024.
Is gdp growth rising or falling in Kuwait?
Over the last ten years it is down 611.1%. 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 growth (annual %). Statizoid updates them automatically from the source API.

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GDP growth in Kuwait. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 11 November 2026, from https://population.statizoid.com/stat/gdp-growth-annual-percent-3/kuwait/

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About this data

Indicator
GDP growth (annual %)
Unit
annual %
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,140 data points, 1970–2024
Last refreshed

February 2026 Data Release