Kuwait Private Consumption: % of GDP

Key information about Kuwait Private Consumption: % of GDP

• Kuwait Private Consumption accounted for 32.5 % of its Nominal GDP in Dec 2022, compared with a ratio of 38.7 % in the previous year.
• Kuwait Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1962 to Dec 2022, with an average share of 37.4 %.
• The data reached an all-time high of 93.3 % in Dec 1991 and a record low of 14.8 % in Dec 1974.

• In the latest reports, Kuwait GDP contracted 1.6 % YoY in Jun 2024.
• Its Nominal GDP reached 28.0 USD bn in Dec 2020.
• Kuwait GDP Per Capita reached 22,682.6 USD in Dec 2020.
• Its Gross Savings Rate was measured at 44.9 % in Dec 2022.

View Kuwait's Private Consumption: % of GDP from 1962 to 2022 in the chart:

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What was Kuwait's Private Consumption: % of GDP in 2022?

Kuwait Private Consumption accounted for 32.5 % of its Nominal GDP in Dec 2022, compared with a ratio of 38.7 % in the previous year. See the table below for more data.

Private Consumption: % of GDP by Country Comparison

Kuwait Key Series

More Indicators for Kuwait