Kuwait Gross Savings Rate

1970 - 2022 | Yearly | % | CEIC Data

Key information about Kuwait Gross Savings Rate

  • Kuwait Gross Savings Rate was measured at 44.9% in Dec 2022, compared with 44.9% in the previous year.
  • Kuwait Gross Savings Rate is updated yearly, with data available from Dec 1970 to Dec 2022, and an average rate of 44.9%.
  • The data reached an all-time high of 44.9% in Dec 1974 and a record low of -126.1% in Dec 1991.
  • CEIC calculates Gross National Savings Rate from annual Gross National Savings and annual Gross National Product. Gross National Savings is calculated as Gross National Product less Final Consumption Expenditure plus Net Current Transfers from Abroad. Central Statistical Bureau provides Gross National Product, Final Consumption Expenditure and Net Current Transfers from Abroad in local currency.
  • In the latest reports, Kuwait GDP contracted 2.4% YoY in Mar 2024.
  • Kuwait Nominal GDP reached 27,984.3 USD mn in Dec 2020. Its GDP deflator (implicit price deflator) fell 10.1% in Dec 2020.
  • Kuwait GDP Per Capita reached 22,682.6 USD in Dec 2020.

View Kuwait's Gross Savings Rate from 1970 to 2022 in the chart:

Kuwait Gross Savings Rate

What was Kuwait's Gross Savings Rate in 2022?

Kuwait Gross Savings Rate was measured at 44.9% in Dec 2022, compared with 44.9% in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
44.9 2022 34.2 2021 -126.1 1991 65.9 1974 % yearly 1970 - 2022

Gross Savings Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 17.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 36.1 2021 yearly 2000 - 2021
Argentina (%) 11.0 Mar 2023 quarterly Mar 2004 - Mar 2023
Armenia (%) 20.6 Sep 2024 quarterly Dec 1994 - Sep 2024
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 24.0 Sep 2024 quarterly Mar 1995 - Sep 2024
Azerbaijan (%) 29.9 Sep 2024 quarterly Mar 2001 - Sep 2024
Bahrain (%) 38.1 2022 yearly 1989 - 2022
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 28.3 Sep 2024 quarterly Mar 1992 - Sep 2024
Belgium (%) 23.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (%) 16.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) 24.2 Sep 2024 quarterly Mar 2008 - Sep 2024
Botswana (%) 20.1 Sep 2024 quarterly Mar 1994 - Sep 2024
Brazil (%) 15.4 Sep 2024 quarterly Mar 1991 - Sep 2024
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 26.0 Sep 2024 quarterly Mar 1995 - Sep 2024
Cambodia (%) 34.1 2022 yearly 1993 - 2022
Canada (%) 25.2 Sep 2024 quarterly Mar 1961 - Sep 2024
Chile (%) 20.7 Sep 2024 quarterly Mar 1996 - Sep 2024
China (%) 44.3 2023 yearly 1952 - 2023
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 31.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Cyprus (%) 24.9 Sep 2024 quarterly Mar 1995 - Sep 2024
Czech Republic (%) 34.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Denmark (%) 35.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (%) 23.5 Jun 2024 quarterly Mar 1991 - Jun 2024
Egypt (%) 7.8 2023 yearly 1969 - 2023
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 26.0 Sep 2024 quarterly Mar 1995 - Sep 2024
Finland (%) 23.5 Sep 2024 quarterly Mar 1990 - Sep 2024
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 26.3 Sep 2024 quarterly Mar 1996 - Sep 2024
Germany (%) 29.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Ghana (%) 9.9 2023 yearly 2006 - 2023
Greece (%) 17.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Hong Kong SAR, China (%) 29.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Hungary (%) 32.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Iceland (%) 23.1 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 30.2 2023 yearly 1951 - 2023
Indonesia (%) 38.4 Sep 2024 quarterly Mar 2010 - Sep 2024
Iran (%) 26.4 Mar 2024 quarterly Jun 1988 - Mar 2024
Ireland (%) 60.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (%) 25.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Italy (%) 24.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Ivory Coast (%) 23.9 2023 yearly 1960 - 2023
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) 2.9 2023 yearly 1963 - 2023
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 11.9 2023 yearly 2006 - 2023
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) 21.9 Sep 2024 quarterly Mar 2010 - Sep 2024
Kuwait (%) 44.9 2022 yearly 1970 - 2022
Kyrgyzstan (%) -4.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 17.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Lebanon (%) -25.5 2021 yearly 1990 - 2021
Lithuania (%) 29.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 16.3 Sep 2024 quarterly Mar 2000 - Sep 2024
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 36.3 Sep 2024 quarterly Mar 1992 - Sep 2024
Mauritius (%) 19.0 Sep 2024 quarterly Mar 1999 - Sep 2024
Mexico (%) 18.0 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (%) -1.8 Sep 2024 quarterly Mar 1995 - Sep 2024
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) 6.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) 28.6 2023 yearly 1975 - 2023
Mozambique (%) 4.8 2023 yearly 1969 - 2022
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 35.6 2024 yearly 2001 - 2024
Netherlands (%) 28.9 Sep 2024 quarterly Mar 1995 - Sep 2024
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 34.6 2023 yearly 1981 - 2023
Norway (%) 36.6 Sep 2024 quarterly Mar 1978 - Sep 2024
Oman (%) 30.7 2023 yearly 1980 - 2023
Pakistan (%) 6.3 2024 yearly 2000 - 2024
Palestinian Territory (%) -2.4 Jun 2024 quarterly Mar 2011 - Jun 2024
Panama (%) 41.1 2023 yearly 1960 - 2023
Paraguay (%) 18.4 Sep 2024 quarterly Mar 1994 - Sep 2024
Peru (%) 25.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 19.5 Jun 2024 quarterly Mar 1995 - Jun 2024
Portugal (%) 26.9 Sep 2024 quarterly Mar 1999 - Sep 2024
Qatar (%) 66.3 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 25.9 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (%) 30.4 Sep 2024 quarterly Mar 1993 - Sep 2024
Saudi Arabia (%) 33.2 Sep 2024 quarterly Mar 2003 - Sep 2024
Serbia (%) 16.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Singapore (%) 48.6 2023 yearly 1960 - 2023
Slovakia (%) 23.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Slovenia (%) 28.0 Jun 2024 quarterly Mar 1995 - Jun 2024
South Africa (%) 13.7 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (%) 23.7 Sep 2024 quarterly Mar 1999 - Sep 2024
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 26.6 Sep 2024 quarterly Mar 1980 - Sep 2024
Switzerland (%) 32.0 Sep 2024 quarterly Mar 1990 - Sep 2024

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Kuwait 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: 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: 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 Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 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 Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 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: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 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: 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: CA: Primary Income: 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: FA: OT: Assets (KWD mn) -2,795.000 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: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 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: 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
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 (KWD mn) 40,707.600 Nov 2024 monthly Jan 1994 - Nov 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
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

More Indicators for Kuwait

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