Kuwait Household Debt: % of GDP

2010 - 2023 | Quarterly | % | CEIC Data

Key information about Kuwait Household Debt: % of GDP

  • Kuwait household debt accounted for 0.7 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 0.8 % in the previous quarter.
  • Kuwait household debt to GDP ratio is updated quarterly, available from Dec 2010 to Sep 2023.
  • The data reached an all-time high of 2.1 % in Dec 2018 and a record low of 0.3 % in Jun 2020.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Central Bank of Kuwait provides Household Debt in local currency. Central Statistical Bureau provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans.


Related information about Kuwait Household Debt: % of GDP

  • In the latest reports, Kuwait Household Debt reached 1.3 USD bn in Mar 2024.
  • Money Supply M2 in Kuwait increased 1.2 % YoY in Mar 2024.
  • Kuwait Foreign Exchange Reserves was measured at 41.1 USD bn in Jan 2024.
  • The Foreign Exchange Reserves equaled 13.6 Months of Import in Dec 2023.
  • Kuwait Domestic Credit reached 129.1 USD bn in Mar 2024, representing an drop of 0.4 % YoY.
  • The country's Non Performing Loans Ratio stood at 1.4 % in Dec 2023, compared with the ratio of 1.7 % in the previous quarter.

View Kuwait's Household Debt: % of GDP from Dec 2010 to Sep 2023 in the chart:

Kuwait Household Debt: % of GDP

What was Kuwait's Household Debt: % of GDP in Sep 2023?

Kuwait household debt accounted for 0.7 % of the country's Nominal GDP in Sep 2023, compared with the ratio of 0.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.7 Sep 2023 0.8 Jun 2023 0.3 Jun 2020 2.1 Dec 2018 % quarterly Dec 2010 - Sep 2023

Household Debt: % of GDP by Country Comparison

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Includes Household Debt: % of GDP on 90 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 11.8 Sep 2023 quarterly Dec 2008 - Sep 2023
Argentina (%) 3.9 Dec 2023 quarterly Dec 2004 - Dec 2023
Armenia (%) 25.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 45.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Azerbaijan (%) 11.4 Dec 2023 quarterly Mar 2005 - Dec 2023
Belarus (%) 9.9 Mar 2024 quarterly Dec 2006 - Mar 2024
Belgium (%) 60.2 Dec 2023 quarterly Dec 1992 - Dec 2023
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.1 Dec 2023 quarterly Dec 2008 - Dec 2023
Botswana (%) 20.2 Dec 2023 quarterly Dec 2002 - Dec 2023
Brunei (%) 14.4 Dec 2023 quarterly Dec 2013 - Dec 2023
Bulgaria (%) 27.4 2022 yearly 1995 - 2022
Cambodia (%) 36.0 2022 yearly 2008 - 2022
Canada (%) 101.2 Dec 2023 quarterly Mar 1969 - Dec 2023
Chile (%) 40.4 Dec 2023 quarterly Mar 2009 - Dec 2023
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 32.3 Dec 2023 quarterly Dec 2015 - Dec 2023
Croatia (%) 32.1 Dec 2023 quarterly Mar 2012 - Dec 2023
Cyprus (%) 88.2 2022 yearly 1995 - 2022
Czech Republic (%) 36.8 Dec 2023 quarterly Mar 2004 - Dec 2023
Denmark (%) 86.8 2022 yearly 1994 - 2022
Ecuador (%) 16.8 Dec 2023 quarterly Dec 2006 - Dec 2023
Egypt (%) 7.8 Dec 2023 quarterly Dec 2002 - Dec 2023
Estonia (%) 38.4 Dec 2023 quarterly Dec 2003 - Dec 2023
European Union (%) 46.3 Dec 2023 quarterly Sep 1997 - Dec 2023
Finland (%) 74.7 2023 yearly 1995 - 2023
France (%) 75.1 2022 yearly 1977 - 2022
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 52.2 Dec 2023 quarterly Dec 1991 - Dec 2023
Greece (%) 47.1 Sep 2023 quarterly Dec 1997 - Sep 2023
Hong Kong SAR, China (%) 92.7 Dec 2023 quarterly Mar 1982 - Dec 2023
Hungary (%) 20.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Iceland (%) 73.2 Dec 2023 quarterly Dec 1995 - Dec 2023
India (%) 14.8 2023 yearly 1998 - 2023
Indonesia (%) 9.7 Mar 2024 quarterly Dec 2010 - Mar 2024
Ireland (%) 30.2 Dec 2023 quarterly Mar 2002 - Dec 2023
Israel (%) 42.4 Dec 2023 quarterly Dec 1995 - Dec 2023
Italy (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Japan (%) 65.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Jordan (%) 81.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Kazakhstan (%) 15.1 Sep 2023 quarterly Dec 1997 - Sep 2023
South Korea (%) 103.5 Dec 2023 quarterly Dec 2002 - Dec 2023
Kosovo (%) 19.8 Dec 2023 quarterly Dec 2010 - Dec 2023
Kuwait (%) 0.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Kyrgyzstan (%) 7.0 Dec 2023 quarterly Dec 2000 - Dec 2023
Latvia (%) 20.1 Sep 2023 quarterly Mar 2004 - Sep 2023
Lithuania (%) 23.1 Dec 2023 quarterly Dec 1995 - Dec 2023
Luxembourg (%) 69.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Macau SAR, China (%) 87.1 Dec 2023 quarterly Dec 2001 - Dec 2023
North Macedonia (%) 27.3 Dec 2023 quarterly Mar 2003 - Dec 2023
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 43.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.3 Dec 2023 quarterly Dec 2000 - Dec 2023
Mongolia (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Montenegro (%) 24.7 Dec 2023 quarterly Dec 2010 - Dec 2023
Morocco (%) 25.3 2022 yearly 2001 - 2022
Netherlands (%) 92.4 Dec 2023 quarterly Mar 1999 - Dec 2023
New Zealand (%) 91.5 Dec 2023 quarterly Dec 1990 - Dec 2023
Norway (%) 91.5 Dec 2023 quarterly Dec 1995 - Dec 2023
Panama (%) 38.0 Dec 2023 quarterly Dec 2007 - Dec 2023
Peru (%) 16.9 Dec 2023 quarterly Mar 2001 - Dec 2023
Philippines (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Poland (%) 24.0 Dec 2023 quarterly Dec 2003 - Dec 2023
Portugal (%) 66.3 Dec 2023 quarterly Dec 1999 - Dec 2023
Romania (%) 14.7 Dec 2023 quarterly Mar 2007 - Dec 2023
Russia (%) 20.6 Dec 2023 quarterly Dec 2000 - Dec 2023
Saudi Arabia (%) 11.7 Dec 2023 quarterly Dec 2003 - Dec 2023
Serbia (%) 18.1 Dec 2023 quarterly Dec 2003 - Dec 2023
Singapore (%) 54.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Slovakia (%) 46.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Slovenia (%) 27.6 Dec 2023 quarterly Mar 2004 - Dec 2023
South Africa (%) 40.8 Dec 2023 quarterly Mar 1969 - Dec 2023
Spain (%) 50.6 Dec 2023 quarterly Dec 1989 - Dec 2023
Sri Lanka (%) 6.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Sweden (%) 86.7 Dec 2023 quarterly Mar 1996 - Dec 2023
Switzerland (%) 129.9 2023 yearly 1999 - 2023
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.7 2022 yearly 2000 - 2022
Thailand (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 11.3 Dec 2023 quarterly Dec 2014 - Dec 2023
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 83.5 Dec 2023 quarterly Mar 1987 - Dec 2023
United States (%) 64.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Uruguay (%) 11.3 Dec 2023 quarterly Dec 2005 - Dec 2023
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Kuwait Key Series

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Includes 184 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 11.7 2022 yearly 1988 - 2022
Consolidated Fiscal Balance (USD mn) 20,955.438 2022 yearly 1988 - 2022
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.0 2022 yearly 1986 - 2022
National Government Debt (USD mn) 683.1 Mar 2024 monthly Dec 1993 - Mar 2024
Government Debt: % of GDP (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (KWD bn) 28.396 2028 yearly 1985 - 2028
Forecast: Government Net Debt (KWD bn) 14.118 2029 yearly 1991 - 2029
Forecast: Government Revenue (KWD bn) 42.514 2029 yearly 1985 - 2029
Government Fiscal Balance: ytd (KWD mn) -1,092.520 Jan 2024 monthly Apr 2018 - Jan 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 347.935 Jan 2024 monthly Apr 2018 - Jan 2024
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 821.421 Jan 2024 monthly Apr 2018 - Jan 2024
Government Revenue: ytd: Non Oil (KWD mn) 1,452.022 Jan 2024 monthly Apr 2018 - Jan 2024
Government Revenue: ytd (KWD mn) 17,803.518 Jan 2024 monthly Apr 2018 - Jan 2024
Government Expenditure: ytd: Current (KWD mn) 18,074.618 Jan 2024 monthly Apr 2018 - Jan 2024
Government Expenditure: ytd (KWD mn) 18,896.039 Jan 2024 monthly Apr 2018 - Jan 2024
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Public Debt (KWD mn) 210.000 Mar 2024 monthly Dec 1993 - Mar 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 3,739.7 Jan 2024 monthly Jan 1993 - Jan 2024
Total Exports (USD mn) 6,796.2 Jan 2024 monthly Jan 1993 - Jan 2024
Total Exports Growth (%) -8.8 Jan 2024 monthly Jan 1994 - Jan 2024
Aluminum: Exports (USD th) 152,297.350 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 529,113.260 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 17,111.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,056.5 Jan 2024 monthly Jan 1992 - Jan 2024
Total Imports Growth (%) -7.5 Jan 2024 monthly Jan 1993 - Jan 2024
Imports: Medicament (USD th) 1,144,894.403 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 442,329.808 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3.989 Jan 2024 monthly Sep 1991 - Jan 2024
Total Imports from USA (USD mn) 252.311 Jan 2024 monthly Jan 2017 - Jan 2024
Total Exports to China (USD mn) 52.734 Jan 2024 monthly Jan 2017 - Jan 2024
Total Imports from China (USD mn) 661.137 Jan 2024 monthly Jan 2017 - Jan 2024
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,557.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance (USD mn) 15,358.8 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance: % of GDP (%) 37.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Direct Investment (USD mn) 196.3 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment (USD mn) -224.952 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -0.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -99.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -28.282 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt (USD mn) 59,638.5 Sep 2023 quarterly Mar 2018 - Sep 2023
External Debt: % of GDP (%) 35.3 2022 yearly 2014 - 2022
Forecast: Current Account Balance (USD bn) 31.307 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 105,184.786 2022 yearly 2001 - 2022
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Number of Investment Companies (Unit) 41.000 Dec 2022 monthly Mar 2005 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Dec 2023 quarterly Mar 2011 - Dec 2023
Household Debt: % of GDP (%) 0.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Money Supply M1 (USD mn) 36,160.703 Mar 2024 monthly Jan 1994 - Mar 2024
Money Supply M2 (USD mn) 129,771.308 Mar 2024 monthly Jan 1994 - Mar 2024
M2 Growth (%) 1.2 Mar 2024 monthly Jan 1995 - Mar 2024
Foreign Exchange Reserves (USD mn) 41,142.5 Jan 2024 monthly Jan 1964 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 25.497 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 13.6 Dec 2023 quarterly Mar 1973 - Dec 2023
Gold Reserves (USD mn) 103.123 Mar 2024 monthly Dec 1961 - Mar 2024
Total Deposits (USD mn) 161,418.673 Mar 2024 monthly Jan 1994 - Mar 2024
Total Deposits Growth (%) 4.3 Mar 2024 monthly Jan 1995 - Mar 2024
Domestic Credit (USD mn) 129,085.2 Mar 2024 monthly Jan 1994 - Mar 2024
Domestic Credit Growth (%) -0.4 Mar 2024 monthly Jan 1995 - Mar 2024
Household Debt (USD mn) 1,258.0 Mar 2024 monthly Jan 2002 - Mar 2024
Total Loans (USD mn) 177,363.370 Mar 2024 monthly Jan 1994 - Mar 2024
Total Loans Growth (%) 4.06 Mar 2024 monthly Jan 1995 - Mar 2024
Private Debt: % of Nominal GDP (%) 100.05 Sep 2023 quarterly Dec 2010 - Sep 2023
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,723.100 Mar 2024 monthly Jan 1994 - Mar 2024
Money Supply: M3 (KWD mn) 39,891.700 Mar 2024 monthly Jan 1994 - Mar 2024
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,600.200 Feb 2024 monthly Jan 1994 - Feb 2024
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 39,274.500 Feb 2024 monthly Jan 1994 - Feb 2024
Local Banks Time Deposits (KWD mn) 63,968.900 Mar 2024 monthly Jan 1994 - Mar 2024

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