Kuwait Government Debt: % of GDP
Key information about Kuwait Government Debt: % of GDP
- Kuwait Government debt accounted for 0.3 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 0.4 % in the previous quarter.
- Kuwait government debt to GDP ratio data is updated quarterly, available from Dec 2010 to Jun 2024.
- The data reached an all-time high of 13.8 % in Sep 2017 and a record low of 0.3 % in Jun 2024.
CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Central Bank of Kuwait provides Government Debt in local currency. The Central Statistical Bureau provides Nominal GDP in local currency.
Related information about Kuwait Government Debt: % of GDP
- In the latest reports, Kuwait National Government Debt reached 164.0 USD mn in Aug 2024.
- The country's Nominal GDP reached 28.0 USD bn in Dec 2020.
View Kuwait's Government Debt: % of GDP from Dec 2010 to Jun 2024 in the chart:
What was Kuwait's Government Debt: % of GDP in Jun 2024?
Kuwait Government debt accounted for 0.3 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 0.4 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
0.3 Jun 2024 | 0.4 Mar 2024 | 0.3 Jun 2024 | 13.8 Sep 2017 | % | quarterly | Dec 2010 - Jun 2024 |
Government Debt: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 52.6 Sep 2024 | quarterly | Sep 2010 - Sep 2024 |
Algeria (%) | 48.9 2023 | yearly | 1997 - 2023 |
Argentina (%) | 80.3 Mar 2023 | quarterly | Dec 2004 - Mar 2023 |
Armenia (%) | 48.9 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
Australia (%) | 38.0 2023 | yearly | 1999 - 2023 |
Austria (%) | 83.0 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Azerbaijan (%) | 16.8 2021 | yearly | 2008 - 2021 |
Bahrain (%) | 88.7 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
Bangladesh (%) | 26.4 2024 | yearly | 2010 - 2024 |
Belarus (%) | 35.9 Mar 2022 | quarterly | Dec 2003 - Mar 2022 |
Belgium (%) | 106.5 Mar 2024 | quarterly | Dec 1980 - Mar 2024 |
Bolivia (%) | 27.2 2014 | yearly | 1998 - 2014 |
Bosnia and Herzegovina (%) | 19.1 2023 | yearly | 2007 - 2023 |
Botswana (%) | 17.3 Jun 2023 | quarterly | Jun 2014 - Jun 2023 |
Brazil (%) | 77.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
Bulgaria (%) | 22.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Cambodia (%) | 25.3 2022 | yearly | 2013 - 2022 |
Canada (%) | 68.6 2024 | yearly | 1962 - 2024 |
Chile (%) | 44.0 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
China (%) | 25.1 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
Colombia (%) | 62.2 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
Croatia (%) | 59.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Cyprus (%) | 69.7 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Czech Republic (%) | 43.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Denmark (%) | 33.6 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Ecuador (%) | 66.9 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
Egypt (%) | 68.6 Jun 2020 | quarterly | Jun 2006 - Jun 2020 |
Estonia (%) | 24.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
European Union (%) | 81.5 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Finland (%) | 81.5 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
France (%) | 110.6 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
Georgia (%) | 37.2 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
Germany (%) | 62.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Ghana (%) | 72.3 2023 | yearly | 2006 - 2023 |
Greece (%) | 160.0 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
Hong Kong SAR, China (%) | 49.1 2024 | yearly | 2003 - 2024 |
Hungary (%) | 76.0 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
Iceland (%) | 64.2 2023 | yearly | 1998 - 2023 |
India (%) | 58.3 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Indonesia (%) | 38.9 Sep 2024 | quarterly | Jun 2015 - Sep 2024 |
Iran (%) | 7.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Ireland (%) | 42.7 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Israel (%) | 60.3 2023 | yearly | 1995 - 2023 |
Italy (%) | 138.3 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Ivory Coast (%) | 8.6 2015 | yearly | 1975 - 2015 |
Japan (%) | 217.4 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
Jordan (%) | 91.2 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Kazakhstan (%) | 21.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Kenya (%) | 67.2 Jun 2024 | quarterly | Dec 2009 - Jun 2024 |
South Korea (%) | 45.7 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
Kosovo (%) | 19.9 2022 | yearly | 2009 - 2022 |
Kuwait (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Kyrgyzstan (%) | 41.7 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
Latvia (%) | 46.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Lebanon (%) | 150.6 2020 | yearly | 1998 - 2020 |
Lithuania (%) | 38.4 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Luxembourg (%) | 26.6 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
North Macedonia (%) | 50.4 Sep 2024 | quarterly | Dec 2009 - Sep 2024 |
Malawi (%) | 66.0 2014 | yearly | 2010 - 2014 |
Malaysia (%) | 65.0 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Malta (%) | 46.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Mauritius (%) | 69.3 Dec 2023 | quarterly | Jun 2003 - Dec 2023 |
Mexico (%) | 47.7 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
Moldova (%) | 34.7 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
Mongolia (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
Montenegro (%) | 59.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Morocco (%) | 71.5 2022 | yearly | 1994 - 2022 |
Nepal (%) | 39.9 2021 | yearly | 1990 - 2021 |
Netherlands (%) | 43.2 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
New Zealand (%) | 44.3 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
Nigeria (%) | 52.8 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Norway (%) | 44.5 2023 | yearly | 1995 - 2023 |
Oman (%) | 36.5 2023 | yearly | 1990 - 2023 |
Pakistan (%) | 72.3 2023 | yearly | 2000 - 2023 |
Palestinian Territory (%) | 116.8 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Panama (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Paraguay (%) | 36.6 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
Peru (%) | 32.6 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Philippines (%) | 61.3 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
Poland (%) | 52.3 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
Portugal (%) | 97.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Qatar (%) | 15.0 2012 | yearly | 2006 - 2012 |
Romania (%) | 53.1 Sep 2024 | quarterly | Dec 2011 - Sep 2024 |
Russia (%) | 14.6 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
Saudi Arabia (%) | 28.5 Sep 2024 | quarterly | Dec 2016 - Sep 2024 |
Serbia (%) | 47.4 Sep 2024 | quarterly | Sep 2004 - Sep 2024 |
Singapore (%) | 173.0 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
Slovakia (%) | 60.5 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
Slovenia (%) | 66.9 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
South Africa (%) | 75.1 Sep 2024 | quarterly | Dec 1960 - Sep 2024 |
Spain (%) | 104.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Sri Lanka (%) | 96.9 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
Sweden (%) | 32.0 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Switzerland (%) | 23.3 2028 | yearly | 1990 - 2028 |
Taiwan (%) | 29.0 2023 | yearly | 1996 - 2023 |
Tajikistan (%) | 36.3 2021 | yearly | 1999 - 2021 |
Thailand (%) | 55.9 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
Tunisia (%) | 79.7 Dec 2021 | monthly | Apr 2011 - Dec 2021 |
Turkey (%) | 25.6 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
Ukraine (%) | 79.4 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
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Learn more about what we doKuwait Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -3.1 2023 | yearly | 1988 - 2023 |
Consolidated Fiscal Balance (USD mn) | -5,077.511 2023 | yearly | 1988 - 2023 |
Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
Tax Revenue: % of GDP (%) | 1.1 2023 | yearly | 1986 - 2023 |
National Government Debt (USD mn) | 162.7 Nov 2024 | monthly | Dec 1993 - Nov 2024 |
Government Debt: % of GDP (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Forecast: Government Expenditure (KWD bn) | 27.335 2029 | yearly | 1985 - 2029 |
Forecast: Government Net Debt (KWD bn) | 14.007 2029 | yearly | 1991 - 2029 |
Forecast: Government Revenue (KWD bn) | 40.250 2029 | yearly | 1985 - 2029 |
Government Fiscal Balance: ytd (KWD mn) | -1,561.505 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
Government Revenue: ytd (KWD mn) | 23,644.325 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
Government Expenditure: ytd: Current (KWD mn) | 9,630.195 Sep 2024 | monthly | Apr 2018 - Sep 2024 |
Government Expenditure: ytd (KWD mn) | 9,966.991 Sep 2024 | monthly | Apr 2018 - Sep 2024 |
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 550.910 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 336.796 Sep 2024 | monthly | Apr 2018 - Sep 2024 |
Government Revenue: ytd: Non Oil (KWD mn) | 2,116.770 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
Government Surplus/Deficit (KWD mn) | -1,561.505 2024 | yearly | 1989 - 2024 |
Public Debt (KWD mn) | 50.000 Nov 2024 | monthly | Dec 1993 - Nov 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.994 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 2,745.4 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Total Exports (USD mn) | 5,865.0 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Total Exports Growth (%) | -24.3 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Aluminum: Exports (USD th) | 56,120.447 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 280,728.170 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 13,928.974 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 3,119.6 Sep 2024 | monthly | Jan 1992 - Sep 2024 |
Total Imports Growth (%) | 10.2 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Imports: Medicament (USD th) | 1,224,246.807 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 638,823.973 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 4.107 Sep 2024 | monthly | Sep 1991 - Sep 2024 |
Total Imports from USA (USD mn) | 261.412 Sep 2024 | monthly | Jan 2017 - Sep 2024 |
Total Exports to China (USD mn) | 72.137 Sep 2024 | monthly | Jan 2017 - Sep 2024 |
Total Imports from China (USD mn) | 615.853 Sep 2024 | monthly | Jan 2017 - Sep 2024 |
Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
Exports: FOB: Growth Rate: YoY (%) | -24.316 Sep 2024 | monthly | Apr 2020 - Sep 2024 |
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 |
Export Value Index (2015=100) | 116.639 2021 | yearly | 1980 - 2021 |
Import Value Index (2015=100) | 102.988 2021 | yearly | 1980 - 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 3,461.4 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Current Account Balance (USD mn) | 12,143.8 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Current Account Balance: % of GDP (%) | 31.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Foreign Direct Investment (USD mn) | 253.8 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Foreign Direct Investment: % of GDP (%) | 0.6 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Foreign Portfolio Investment (USD mn) | 1.965 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Foreign Portfolio Investment: % of GDP (%) | 0.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 300.6 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -298.682 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
External Debt (USD mn) | 62,095.2 Sep 2024 | quarterly | Mar 2018 - Sep 2024 |
External Debt: % of GDP (%) | 39.4 2023 | yearly | 2014 - 2023 |
Forecast: Current Account Balance (USD bn) | 25.453 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | 113,840.261 2023 | yearly | 2001 - 2023 |
BoP: FA: OT: Assets (KWD mn) | -2,795.000 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 |
BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 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: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Debit (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: CA: Primary Income: Debit (KWD mn) | 0.000 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: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.7 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
Household Debt: % of GDP (%) | 0.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Money Supply M1 (USD mn) | 34,183.889 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Money Supply M2 (USD mn) | 132,490.155 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
M2 Growth (%) | 4.2 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
Foreign Exchange Reserves (USD mn) | 40,913.6 Oct 2024 | monthly | Jan 1964 - Oct 2024 |
Foreign Exchange Reserves: % of GDP (%) | 25.562 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 14.3 Jun 2024 | quarterly | Mar 1973 - Jun 2024 |
Gold Reserves (USD mn) | 103.173 Nov 2024 | monthly | Dec 1961 - Nov 2024 |
Total Deposits (USD mn) | 174,743.694 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Total Deposits Growth (%) | 2.1 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
Domestic Credit (USD mn) | 131,857.4 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Domestic Credit Growth (%) | 2.4 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
Household Debt (USD mn) | 1,273.6 Nov 2024 | monthly | Jan 2002 - Nov 2024 |
Total Loans (USD mn) | 185,903.662 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Total Loans Growth (%) | 6.84 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
Private Debt: % of Nominal GDP (%) | 104.60 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) | 1,591.600 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 10,503.000 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Money Supply: M3 (KWD mn) | 40,707.600 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 40,707.600 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
Local Banks Time Deposits (KWD mn) | 66,264.000 Nov 2024 | monthly | Jan 1994 - Nov 2024 |
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