Nominal GDP in billions of USD
Year -
$160.00 billions(-3.03%)
In 2024, Kuwait witnessed a decrease in its Nominal GDP, falling to 160.00 billion dollars, and a decrease in its GDP based on Purchasing Power Parity (PPP), which reached 256.83 international billion dollars.
Relatedly, in the preceding year of 2023, Kuwait has Nominal GDP stood at 165.00 billion dollars, while the GDP based on PPP was 257.36 international billion dollars.
The net change in Kuwait's GDP (Nominal) in 2024 decreased by -5.00 billion dollars(-3.03%), and GDP (PPP) decreased by -0.53 international billion dollars(-0.21%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | 1.83 | - | - | - | - | - |
| 1963 | 1.9 | 0.07 | 3.83 % | - | - | - |
| 1964 | 2.07 | 0.17 | 8.95 % | - | - | - |
| 1965 | 2.1 | 0.03 | 1.45 % | - | - | - |
| 1966 | 2.39 | 0.29 | 13.81 % | - | - | - |
| 1967 | 2.44 | 0.05 | 2.09 % | - | - | - |
| 1968 | 2.66 | 0.22 | 9.02 % | - | - | - |
| 1969 | 2.77 | 0.11 | 4.14 % | - | - | - |
| 1970 | 2.87 | 0.1 | 3.61 % | - | - | - |
| 1971 | 3.88 | 1.01 | 35.19 % | - | - | - |
| 1972 | 4.45 | 0.57 | 14.69 % | - | - | - |
| 1973 | 5.41 | 0.96 | 21.57 % | - | - | - |
| 1974 | 13.01 | 7.6 | 140.48 % | - | - | - |
| 1975 | 12.02 | -0.99 | -7.61 % | - | - | - |
| 1976 | 13.13 | 1.11 | 9.23 % | - | - | - |
| 1977 | 14.14 | 1.01 | 7.69 % | - | - | - |
| 1978 | 15.5 | 1.36 | 9.62 % | - | - | - |
| 1979 | 24.75 | 9.25 | 59.68 % | - | - | - |
| 1980 | 28.64 | 3.89 | 15.72 % | - | - | - |
| 1981 | 25.06 | -3.58 | -12.5 % | - | - | - |
| 1982 | 21.58 | -3.48 | -13.89 % | - | - | - |
| 1983 | 20.87 | -0.71 | -3.29 % | - | - | - |
| 1984 | 21.7 | 0.83 | 3.98 % | - | - | - |
| 1985 | 21.45 | -0.25 | -1.15 % | - | - | - |
| 1986 | 17.9 | -3.55 | -16.55 % | - | - | - |
| 1987 | 22.37 | 4.47 | 24.97 % | - | - | - |
| 1988 | 20.69 | -1.68 | -7.51 % | - | - | - |
| 1989 | 24.31 | 3.62 | 17.5 % | - | - | - |
| 1990 | 18.43 | -5.88 | -24.19 % | 51.83 | - | - |
| 1991 | 11.01 | -7.42 | -40.26 % | 31.61 | -20.22 | -39.01 % |
| 1992 | 19.86 | 8.85 | 80.38 % | 59.1 | 27.49 | 86.97 % |
| 1993 | 23.94 | 4.08 | 20.54 % | 81.07 | 21.97 | 37.17 % |
| 1994 | 24.85 | 0.91 | 3.8 % | 89.78 | 8.71 | 10.74 % |
| 1995 | 27.19 | 2.34 | 9.42 % | 96.12 | 6.34 | 7.06 % |
| 1996 | 31.49 | 4.3 | 15.81 % | 98.47 | 2.35 | 2.44 % |
| 1997 | 30.35 | -1.14 | -3.62 % | 102.65 | 4.18 | 4.24 % |
| 1998 | 25.94 | -4.41 | -14.53 % | 107.6 | 4.95 | 4.82 % |
| 1999 | 30.12 | 4.18 | 16.11 % | 107.17 | -0.43 | -0.4 % |
| 2000 | 37.72 | 7.6 | 25.23 % | 114.75 | 7.58 | 7.07 % |
| 2001 | 34.89 | -2.83 | -7.5 % | 117.58 | 2.83 | 2.47 % |
| 2002 | 38.14 | 3.25 | 9.31 % | 123.01 | 5.43 | 4.62 % |
| 2003 | 47.87 | 9.73 | 25.51 % | 147.17 | 24.16 | 19.64 % |
| 2004 | 59.44 | 11.57 | 24.17 % | 166.6 | 19.43 | 13.2 % |
| 2005 | 80.8 | 21.36 | 35.94 % | 190.06 | 23.46 | 14.08 % |
| 2006 | 102 | 21.2 | 26.24 % | 210.64 | 20.58 | 10.83 % |
| 2007 | 115 | 13 | 12.75 % | 229.31 | 18.67 | 8.86 % |
| 2008 | 147 | 32 | 27.83 % | 239.52 | 10.21 | 4.45 % |
| 2009 | 106 | -41 | -27.89 % | 223.95 | -15.57 | -6.5 % |
| 2010 | 115 | 9 | 8.49 % | 221.3 | -2.65 | -1.18 % |
| 2011 | 154 | 39 | 33.91 % | 247.61 | 26.31 | 11.89 % |
| 2012 | 174 | 20 | 12.99 % | 273.94 | 26.33 | 10.63 % |
| 2013 | 174 | 0 | 0 % | 269.45 | -4.49 | -1.64 % |
| 2014 | 163 | -11 | -6.32 % | 250.51 | -18.94 | -7.03 % |
| 2015 | 115 | -48 | -29.45 % | 173.58 | -76.93 | -30.71 % |
| 2016 | 109 | -6 | -5.22 % | 167.62 | -5.96 | -3.43 % |
| 2017 | 121 | 12 | 11.01 % | 193.47 | 25.85 | 15.42 % |
| 2018 | 139 | 18 | 14.88 % | 222.1 | 28.63 | 14.8 % |
| 2019 | 141 | 2 | 1.44 % | 225.24 | 3.14 | 1.41 % |
| 2020 | 111 | -30 | -21.28 % | 182.44 | -42.8 | -19 % |
| 2021 | 148 | 37 | 33.33 % | 220.89 | 38.45 | 21.08 % |
| 2022 | 184 | 36 | 24.32 % | 252.63 | 31.74 | 14.37 % |
| 2023 | 165 | -19 | -10.33 % | 257.36 | 4.73 | 1.87 % |
| 2024 | 160 | -5 | -3.03 % | 256.83 | -0.53 | -0.21 % |