Kuwait GDP

Nominal GDP in billions of USD

Year - 2023

$161.77 billions(-11.51%)

In 2023, Kuwait witnessed a decrease in its Nominal GDP, falling to 161.77 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 243.03 international billion dollars.

Relatedly, in the preceding year of 2022, Kuwait has Nominal GDP stood at 182.81 billion dollars, while the GDP based on PPP was 239.83 international billion dollars.

Kuwait vs. Other Countries: Nominal GDP Comparison with Visual Pie Chart Analysis

Kuwait Annual GDP Net Change

The net change in Kuwait's GDP (Nominal) in 2023 decreased by -21.04 billion dollars(-11.51%), and GDP (PPP) increased by 3.20 international billion dollars(1.33%).

Nominal Net Chg
PPP Net Chg

Kuwait Annual GDP Table

Source: world bank Nominal PPP

Kuwait Annual GDP
	Nominal			PPP
Year	Bil $	Net Chg	% Chg	Int Bil $	Net Chg	% Chg
2023	161.77	-21.04	-11.51 %	243.03	3.2	1.33 %
2022	182.81	41.03	28.94 %	239.83	28.73	13.61 %
2021	141.78	34.27	31.88 %	211.1	34.46	19.51 %
2020	107.51	-31.19	-22.49 %	176.64	-45.15	-20.36 %
2019	138.7	0.5	0.36 %	221.79	0.4	0.18 %
2018	138.2	17.51	14.51 %	221.39	27.92	14.43 %
2017	120.69	11.28	10.31 %	193.47	25.85	15.42 %
2016	109.41	-5.18	-4.52 %	167.62	-5.96	-3.43 %
2015	114.59	-48.06	-29.55 %	173.58	-76.93	-30.71 %
2014	162.65	-11.52	-6.61 %	250.51	-18.94	-7.03 %
2013	174.17	0.12	0.07 %	269.45	-4.49	-1.64 %
2012	174.05	20.01	12.99 %	273.94	26.33	10.63 %
2011	154.04	38.62	33.46 %	247.61	26.31	11.89 %
2010	115.42	9.45	8.92 %	221.3	-2.65	-1.18 %
2009	105.97	-41.41	-28.1 %	223.95	-15.57	-6.5 %
2008	147.38	32.75	28.57 %	239.52	10.21	4.45 %
2007	114.63	13.07	12.87 %	229.31	18.67	8.86 %
2006	101.56	20.76	25.69 %	210.64	20.58	10.83 %
2005	80.8	21.36	35.94 %	190.06	23.46	14.08 %
2004	59.44	11.57	24.17 %	166.6	19.43	13.2 %
2003	47.87	9.73	25.51 %	147.17	24.16	19.64 %
2002	38.14	3.25	9.31 %	123.01	5.43	4.62 %
2001	34.89	-2.83	-7.5 %	117.58	2.83	2.47 %
2000	37.72	7.6	25.23 %	114.75	7.58	7.07 %
1999	30.12	4.18	16.11 %	107.17	-0.43	-0.4 %
1998	25.94	-4.41	-14.53 %	107.6	4.95	4.82 %
1997	30.35	-1.14	-3.62 %	102.65	4.18	4.24 %
1996	31.49	4.3	15.81 %	98.47	2.35	2.44 %
1995	27.19	2.34	9.42 %	96.12	6.33	7.05 %
1994	24.85	0.91	3.8 %	89.79	8.72	10.76 %
1993	23.94	4.08	20.54 %	81.07	21.97	37.17 %
1992	19.86	8.85	80.38 %	59.1	27.49	86.97 %
1991	11.01	-7.42	-40.26 %	31.61	-20.22	-39.01 %
1990	18.43	-5.88	-24.19 %	51.83	-	-
1989	24.31	3.62	17.5 %	-	-	-
1988	20.69	-1.68	-7.51 %	-	-	-
1987	22.37	4.47	24.97 %	-	-	-
1986	17.9	-3.55	-16.55 %	-	-	-
1985	21.45	-0.25	-1.15 %	-	-	-
1984	21.7	0.83	3.98 %	-	-	-
1983	20.87	-0.71	-3.29 %	-	-	-
1982	21.58	-3.48	-13.89 %	-	-	-
1981	25.06	-3.58	-12.5 %	-	-	-
1980	28.64	3.89	15.72 %	-	-	-
1979	24.75	9.25	59.68 %	-	-	-
1978	15.5	1.36	9.62 %	-	-	-
1977	14.14	1.01	7.69 %	-	-	-
1976	13.13	1.11	9.23 %	-	-	-
1975	12.02	-0.99	-7.61 %	-	-	-
1974	13.01	7.6	140.48 %	-	-	-
1973	5.41	0.96	21.57 %	-	-	-
1972	4.45	0.57	14.69 %	-	-	-
1971	3.88	1.01	35.19 %	-	-	-
1970	2.87	0.1	3.61 %	-	-	-
1969	2.77	0.11	4.14 %	-	-	-
1968	2.66	0.22	9.02 %	-	-	-
1967	2.44	0.05	2.09 %	-	-	-
1966	2.39	0.29	13.81 %	-	-	-
1965	2.1	0.03	1.45 %	-	-	-
1964	2.07	0.17	8.95 %	-	-	-
1963	1.9	0.07	3.83 %	-	-	-
1962	1.83	-	-	-	-	-
1961	-	-	-	-	-	-
1960	-	-	-	-	-	-

Latest Projections by IMF

Year	Nominal (current $)	PPP (current Int. $)
2021	137.38	213.76
2022	175.4	249
2023	159.69	256.59
2024	167.01	271.8
2025	172.13	288.61
2026	175.6	301.25
2027	179.53	314.22
2028	183.9	327.83

LatestUpdate	2023
Nominal GDP	$161.77
PPP GDP	Int. $243.03
High Nominal GDP	$182.81
Mid-Nominal GDP	$52.49
Low Nominal GDP	-
Frequency	64 years
Unit	Billion USD