Kuwait Nominal GDP Growth
2011 - 2024 | Quarterly | % | CEIC Data
Key information about Kuwait Nominal GDP Growth
- Kuwait Nominal GDP Growth was reported at 3.246 % in Jun 2024.
- This records an increase from the previous number of -3.005 % for Mar 2024.
- Kuwait Nominal GDP Growth data is updated quarterly, averaging 4.018 % from Mar 2011 to Jun 2024, with 54 observations.
- The data reached an all-time high of 64.355 % in Jun 2021 and a record low of -39.033 % in Jun 2020.
- Kuwait Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
- The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.
CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Central Statistical Bureau provides Nominal GDP in local currency.
View Kuwait's Nominal GDP Growth from Mar 2011 to Jun 2024 in the chart:
What was Kuwait's Nominal GDP Growth in Jun 2024?
Kuwait Nominal GDP Growth was reported at 3.246 % in Jun 2024. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.246 Jun 2024 | -3.005 Mar 2024 | -39.033 Jun 2020 | 64.355 Jun 2021 | % | quarterly | Mar 2011 - Jun 2024 |
Nominal GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 7.871 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Algeria (%) | 6.213 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Argentina (%) | 250.930 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Armenia (%) | 7.035 Jun 2024 | quarterly | Dec 1995 - Jun 2024 |
| Australia (%) | 4.372 Jun 2024 | quarterly | Sep 1960 - Jun 2024 |
| Austria (%) | 1.388 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Azerbaijan (%) | 2.381 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Bahrain (%) | 2.392 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Bangladesh (%) | 12.407 2024 | yearly | 2007 - 2024 |
| Belarus (%) | 15.793 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Belgium (%) | 4.072 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
| Bolivia (%) | 5.208 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Bosnia and Herzegovina (%) | 2.641 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Botswana (%) | -2.189 Jun 2024 | quarterly | Sep 1994 - Jun 2024 |
| Brazil (%) | 8.508 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Brunei (%) | 7.833 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Bulgaria (%) | 9.514 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Cambodia (%) | 8.798 2022 | yearly | 1994 - 2022 |
| Canada (%) | 4.866 Jun 2024 | quarterly | Mar 1958 - Jun 2024 |
| Chile (%) | 9.139 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| China (%) | 4.042 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Colombia (%) | 8.580 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Croatia (%) | 8.893 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Cyprus (%) | 7.754 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Czech Republic (%) | 4.815 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Denmark (%) | 3.286 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Ecuador (%) | 3.653 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Egypt (%) | 35.403 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| Estonia (%) | 2.811 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| European Union (%) | 4.061 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Finland (%) | 0.344 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| France (%) | 3.743 Sep 2024 | quarterly | Mar 1950 - Sep 2024 |
| Georgia (%) | 12.367 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Germany (%) | 2.535 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Ghana (%) | 29.025 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Greece (%) | 5.123 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Hong Kong SAR, China (%) | 6.069 Sep 2024 | quarterly | Mar 1974 - Sep 2024 |
| Hungary (%) | 9.654 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Iceland (%) | 4.332 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| India (%) | 9.666 Jun 2024 | quarterly | Jun 1997 - Jun 2024 |
| Indonesia (%) | 6.495 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Iran (%) | 35.070 Mar 2024 | quarterly | Jun 1989 - Mar 2024 |
| Ireland (%) | -1.208 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Israel (%) | 4.321 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Italy (%) | 1.999 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
| Ivory Coast (%) | 681.695 Mar 2023 | quarterly | Mar 1998 - Mar 2023 |
| Japan (%) | 2.798 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
| Jordan (%) | 3.975 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Kazakhstan (%) | 15.632 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Kenya (%) | 7.780 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| South Korea (%) | 7.226 Jun 2024 | quarterly | Mar 1961 - Jun 2024 |
| Kosovo (%) | 6.081 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Kuwait (%) | 3.246 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Kyrgyzstan (%) | 18.207 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Laos (%) | 23.128 2023 | yearly | 1985 - 2023 |
| Latvia (%) | 2.096 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Lebanon (%) | 19.333 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 6.888 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Luxembourg (%) | 2.967 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Macau SAR, China (%) | 6.202 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| North Macedonia (%) | 7.276 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Malawi (%) | 10.386 2021 | yearly | 2003 - 2021 |
| Malaysia (%) | 5.933 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Malta (%) | 7.622 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Mauritius (%) | 14.332 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Mexico (%) | 6.070 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Moldova (%) | 4.985 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Mongolia (%) | 14.383 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Montenegro (%) | 7.679 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Morocco (%) | 3.615 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Mozambique (%) | 11.026 2023 | yearly | 1964 - 2023 |
| Nepal (%) | 6.662 2024 | yearly | 2002 - 2024 |
| Netherlands (%) | 6.265 Sep 2024 | quarterly | Mar 1989 - Sep 2024 |
| New Zealand (%) | 3.165 Jun 2024 | quarterly | Jun 1988 - Jun 2024 |
| Nigeria (%) | 16.939 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Norway (%) | 4.266 Jun 2024 | quarterly | Mar 1979 - Jun 2024 |
| Oman (%) | 4.546 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Pakistan (%) | 26.432 2024 | yearly | 2001 - 2024 |
| Palestinian Territory (%) | -34.320 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Panama (%) | 3.631 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Paraguay (%) | 8.679 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Peru (%) | 5.953 Dec 2022 | quarterly | Mar 1991 - Dec 2022 |
| Philippines (%) | 8.515 Sep 2024 | quarterly | Mar 1982 - Sep 2024 |
| Poland (%) | 5.845 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Portugal (%) | 10.841 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Qatar (%) | -10.389 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Romania (%) | 12.512 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Russia (%) | 19.527 Mar 2024 | quarterly | Mar 1994 - Mar 2024 |
| Saudi Arabia (%) | 4.510 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Serbia (%) | 9.510 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Singapore (%) | 7.799 Jun 2024 | quarterly | Mar 1976 - Jun 2024 |
| Slovakia (%) | 7.535 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Slovenia (%) | 3.950 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| South Africa (%) | 5.079 Jun 2024 | quarterly | Mar 1961 - Jun 2024 |
| Spain (%) | 6.688 Sep 2024 | quarterly | Mar 1971 - Sep 2024 |
| Sri Lanka (%) | 8.448 Mar 2024 | quarterly | Mar 2003 - Mar 2024 |
| Sudan (%) | 103.797 2020 | yearly | 1961 - 2020 |
| Sweden (%) | 4.356 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
| Switzerland (%) | 4.113 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Syria (%) | 113.698 2022 | yearly | 1971 - 2022 |
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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) | 164.1 Sep 2024 | monthly | Dec 1993 - Sep 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 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 Surplus/Deficit (KWD mn) | -1,561.505 2024 | yearly | 1989 - 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) | 56,120.447 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) | 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) | 1,224,246.807 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 638,823.973 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 3.835 Jul 2024 | monthly | Sep 1991 - Jul 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) | 25.453 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | 113,840.261 2023 | yearly | 2001 - 2023 |
| 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: 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: Capital Account: Debit (KWD mn) | 5.000 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: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 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 |
| 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) | 33,747.006 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Money Supply M2 (USD mn) | 132,820.345 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| M2 Growth (%) | 3.7 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 42,191.5 Sep 2024 | monthly | Jan 1964 - Sep 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) | 104.020 Sep 2024 | monthly | Dec 1961 - Sep 2024 |
| Total Deposits (USD mn) | 176,721.903 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Total Deposits Growth (%) | 4.7 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Domestic Credit (USD mn) | 132,219.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Domestic Credit Growth (%) | 2.9 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Household Debt (USD mn) | 1,413.6 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Total Loans (USD mn) | 183,207.219 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Total Loans Growth (%) | 5.69 Sep 2024 | monthly | Jan 1995 - Sep 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) | 1,550.000 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) | 10,284.400 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 40,477.000 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
| Local Banks Time Deposits (KWD mn) | 64,939.300 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
More Indicators for Kuwait
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National Accounts
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