Kuwait Household Debt: % of GDP
Key information about Kuwait Household Debt: % of GDP
- Kuwait household debt accounted for 0.7 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 0.7 % in the previous quarter.
- Kuwait household debt to GDP ratio is updated quarterly, available from Dec 2010 to Jun 2024.
- 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 Aug 2024.
- Money Supply M2 in Kuwait increased 3.0 % YoY in Aug 2024.
- Kuwait Foreign Exchange Reserves was measured at 41.8 USD bn in Jun 2024.
- The Foreign Exchange Reserves equaled 14.3 Months of Import in Jun 2024.
- Kuwait Domestic Credit reached 130.9 USD bn in Aug 2024, representing an increased of 3.1 % YoY.
- The country's Non Performing Loans Ratio stood at 1.7 % in Jun 2024, compared with the ratio of 1.6 % in the previous quarter.
View Kuwait's Household Debt: % of GDP from Dec 2010 to Jun 2024 in the chart:
What was Kuwait's Household Debt: % of GDP in Jun 2024?
Kuwait household debt accounted for 0.7 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 0.7 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
0.7 Jun 2024 | 0.7 Mar 2024 | 0.3 Jun 2020 | 2.1 Dec 2018 | % | quarterly | Dec 2010 - Jun 2024 |
Household Debt: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 11.9 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
Argentina (%) | 4.1 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
Armenia (%) | 27.1 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
Austria (%) | 43.9 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Azerbaijan (%) | 11.9 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Belarus (%) | 10.1 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
Belgium (%) | 59.3 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
Bosnia and Herzegovina (%) | 24.5 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
Botswana (%) | 20.5 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
Brunei (%) | 14.3 Jun 2024 | quarterly | Dec 2013 - Jun 2024 |
Bulgaria (%) | 27.8 2023 | yearly | 1995 - 2023 |
Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 |
Canada (%) | 100.5 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
Chile (%) | 39.7 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Colombia (%) | 31.5 Jun 2024 | quarterly | Dec 2015 - Jun 2024 |
Croatia (%) | 32.3 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Cyprus (%) | 83.3 2022 | yearly | 1995 - 2022 |
Czech Republic (%) | 34.1 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Denmark (%) | 86.5 2022 | yearly | 1994 - 2022 |
Ecuador (%) | 17.2 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
Egypt (%) | 7.4 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
Estonia (%) | 38.7 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
European Union (%) | 44.7 Jun 2024 | quarterly | Sep 1997 - Jun 2024 |
Finland (%) | 75.9 2023 | yearly | 1995 - 2023 |
France (%) | 71.6 2023 | yearly | 1977 - 2023 |
Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Germany (%) | 50.4 Jun 2024 | quarterly | Dec 1991 - Jun 2024 |
Greece (%) | 46.9 Mar 2024 | quarterly | Dec 1997 - Mar 2024 |
Hong Kong SAR, China (%) | 90.0 Jun 2024 | quarterly | Mar 1982 - Jun 2024 |
Hungary (%) | 19.7 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
Iceland (%) | 73.4 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
India (%) | 17.4 2024 | yearly | 1998 - 2024 |
Indonesia (%) | 9.8 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Ireland (%) | 30.8 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
Israel (%) | 42.2 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
Italy (%) | 48.6 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
Japan (%) | 65.4 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
Jordan (%) | 81.0 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
South Korea (%) | 93.9 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
Kosovo (%) | 21.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Kuwait (%) | 0.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Kyrgyzstan (%) | 7.1 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
Latvia (%) | 19.9 Mar 2024 | quarterly | Mar 2004 - Mar 2024 |
Lithuania (%) | 28.1 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
Luxembourg (%) | 68.0 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
Macau SAR, China (%) | 80.5 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
North Macedonia (%) | 27.6 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
Malta (%) | 40.4 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
Mexico (%) | 16.5 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
Mongolia (%) | 25.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Montenegro (%) | 25.2 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 89.5 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
New Zealand (%) | 91.0 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
Norway (%) | 93.5 Mar 2024 | quarterly | Dec 1995 - Mar 2024 |
Panama (%) | 38.2 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
Peru (%) | 16.5 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
Philippines (%) | 11.0 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
Poland (%) | 23.8 Mar 2024 | quarterly | Dec 2003 - Mar 2024 |
Portugal (%) | 67.5 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
Romania (%) | 15.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
Saudi Arabia (%) | 11.9 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
Serbia (%) | 18.1 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
Singapore (%) | 52.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Slovakia (%) | 44.6 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Slovenia (%) | 27.4 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
South Africa (%) | 40.5 Jun 2024 | quarterly | Mar 1969 - Jun 2024 |
Spain (%) | 48.9 Jun 2024 | quarterly | Dec 1989 - Jun 2024 |
Sri Lanka (%) | 6.6 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Sweden (%) | 86.7 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Switzerland (%) | 129.8 2023 | yearly | 1999 - 2023 |
Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
Taiwan (%) | 88.7 2022 | yearly | 2000 - 2022 |
Thailand (%) | 89.6 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
Turkey (%) | 11.0 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
United Kingdom (%) | 82.1 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
United States (%) | 62.5 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Uruguay (%) | 11.0 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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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) | 164.0 Aug 2024 | monthly | Dec 1993 - Aug 2024 |
Government Debt: % of GDP (%) | 0.3 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
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) | -1,561.505 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) | 1,307.114 Mar 2024 | monthly | Apr 2018 - Mar 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) | 23,898.716 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
Government Expenditure: ytd (KWD mn) | 25,205.830 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 Aug 2024 | monthly | Dec 1993 - Aug 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.994 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 3,536.5 Jun 2024 | monthly | Jan 1993 - Jun 2024 |
Total Exports (USD mn) | 6,435.2 Jun 2024 | monthly | Jan 1993 - Jun 2024 |
Total Exports Growth (%) | -1.0 Jun 2024 | monthly | Jan 1994 - Jun 2024 |
Aluminum: Exports (USD th) | 56,889.308 2023 | yearly | 1995 - 2023 |
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) | 2,898.7 Jun 2024 | monthly | Jan 1992 - Jun 2024 |
Total Imports Growth (%) | 2.5 Jun 2024 | monthly | Jan 1993 - Jun 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) | 4.918 Jun 2024 | monthly | Sep 1991 - Jun 2024 |
Total Imports from USA (USD mn) | 217.582 Jun 2024 | monthly | Jan 2017 - Jun 2024 |
Total Exports to China (USD mn) | 41.094 Jun 2024 | monthly | Jan 2017 - Jun 2024 |
Total Imports from China (USD mn) | 522.637 Jun 2024 | monthly | Jan 2017 - Jun 2024 |
Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
Exports: FOB: Growth Rate: YoY (%) | -1.015 Jun 2024 | monthly | Apr 2020 - Jun 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) | 1,748.6 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Current Account Balance (USD mn) | 11,086.1 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Current Account Balance: % of GDP (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Foreign Direct Investment (USD mn) | 128.5 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Foreign Direct Investment: % of GDP (%) | 0.3 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Foreign Portfolio Investment (USD mn) | 13.987 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Foreign Portfolio Investment: % of GDP (%) | 0.0 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 45.5 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -31.551 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
External Debt (USD mn) | 65,430.7 Mar 2024 | quarterly | Mar 2018 - Mar 2024 |
External Debt: % of GDP (%) | 39.4 2023 | yearly | 2014 - 2023 |
Forecast: Current Account Balance (USD bn) | 31.307 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: FA: Other Investments (OT) (KWD mn) | -1,407.000 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: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 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: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 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: 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 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Household Debt: % of GDP (%) | 0.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Money Supply M1 (USD mn) | 33,821.194 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Money Supply M2 (USD mn) | 131,979.987 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
M2 Growth (%) | 3.0 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Foreign Exchange Reserves (USD mn) | 42,293.4 Aug 2024 | monthly | Jan 1964 - Aug 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) | 104.003 Aug 2024 | monthly | Dec 1961 - Aug 2024 |
Total Deposits (USD mn) | 163,970.472 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Total Deposits Growth (%) | 5.1 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Domestic Credit (USD mn) | 130,930.4 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Domestic Credit Growth (%) | 3.1 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Household Debt (USD mn) | 1,333.7 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
Total Loans (USD mn) | 181,810.039 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Total Loans Growth (%) | 5.33 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Private Debt: % of Nominal GDP (%) | 104.79 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) | 1,550.000 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Money Supply: M3 (KWD mn) | 40,227.500 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 10,308.700 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 40,227.500 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Local Banks Time Deposits (KWD mn) | 64,366.700 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
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