In 2023, Kuwait witnessed a decrease in its Nominal GDP, falling to 161.77 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 243.030 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, Kuwait has Nominal GDP stood at 182.81 billion dollars, while the GDP based on PPP was 239.83 international billion dollars.
The net change in Kuwait's GDP (Nominal) in 2023 decreased by -21.040 billion dollars(-13.010%), and GDP (PPP) increased by 3.20 international billion dollars(1.32%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | 1.83 | - | - | - | - | - |
| 1963 | 1.90 | 0.07 | 3.68 % | - | - | - |
| 1964 | 2.07 | 0.17 | 8.21 % | - | - | - |
| 1965 | 2.10 | 0.03 | 1.43 % | - | - | - |
| 1966 | 2.39 | 0.29 | 12.13 % | - | - | - |
| 1967 | 2.44 | 0.05 | 2.05 % | - | - | - |
| 1968 | 2.66 | 0.22 | 8.27 % | - | - | - |
| 1969 | 2.77 | 0.11 | 3.97 % | - | - | - |
| 1970 | 2.87 | 0.10 | 3.48 % | - | - | - |
| 1971 | 3.88 | 1.01 | 26.03 % | - | - | - |
| 1972 | 4.45 | 0.57 | 12.81 % | - | - | - |
| 1973 | 5.41 | 0.96 | 17.74 % | - | - | - |
| 1974 | 13.01 | 7.60 | 58.42 % | - | - | - |
| 1975 | 12.02 | -0.99 | -8.24 % | - | - | - |
| 1976 | 13.13 | 1.11 | 8.45 % | - | - | - |
| 1977 | 14.14 | 1.01 | 7.14 % | - | - | - |
| 1978 | 15.50 | 1.36 | 8.77 % | - | - | - |
| 1979 | 24.75 | 9.25 | 37.37 % | - | - | - |
| 1980 | 28.64 | 3.89 | 13.58 % | - | - | - |
| 1981 | 25.06 | -3.58 | -14.29 % | - | - | - |
| 1982 | 21.58 | -3.48 | -16.13 % | - | - | - |
| 1983 | 20.87 | -0.71 | -3.40 % | - | - | - |
| 1984 | 21.70 | 0.83 | 3.82 % | - | - | - |
| 1985 | 21.45 | -0.25 | -1.17 % | - | - | - |
| 1986 | 17.90 | -3.55 | -19.83 % | - | - | - |
| 1987 | 22.37 | 4.47 | 19.98 % | - | - | - |
| 1988 | 20.69 | -1.68 | -8.12 % | - | - | - |
| 1989 | 24.31 | 3.62 | 14.89 % | - | - | - |
| 1990 | 18.43 | -5.88 | -31.90 % | 51.83 | - | - |
| 1991 | 11.01 | -7.42 | -67.39 % | 31.61 | -20.22 | -63.97 % |
| 1992 | 19.86 | 8.85 | 44.56 % | 59.10 | 27.49 | 46.51 % |
| 1993 | 23.94 | 4.08 | 17.04 % | 81.07 | 21.97 | 27.10 % |
| 1994 | 24.85 | 0.91 | 3.66 % | 89.79 | 8.72 | 9.71 % |
| 1995 | 27.19 | 2.34 | 8.61 % | 96.12 | 6.33 | 6.59 % |
| 1996 | 31.49 | 4.30 | 13.66 % | 98.47 | 2.35 | 2.39 % |
| 1997 | 30.35 | -1.14 | -3.76 % | 102.65 | 4.18 | 4.07 % |
| 1998 | 25.94 | -4.41 | -17.00 % | 107.60 | 4.95 | 4.60 % |
| 1999 | 30.12 | 4.18 | 13.88 % | 107.17 | -0.43 | -0.40 % |
| 2000 | 37.72 | 7.60 | 20.15 % | 114.75 | 7.58 | 6.61 % |
| 2001 | 34.89 | -2.83 | -8.11 % | 117.58 | 2.83 | 2.41 % |
| 2002 | 38.14 | 3.25 | 8.52 % | 123.01 | 5.43 | 4.41 % |
| 2003 | 47.87 | 9.73 | 20.33 % | 147.17 | 24.16 | 16.42 % |
| 2004 | 59.44 | 11.57 | 19.47 % | 166.60 | 19.43 | 11.66 % |
| 2005 | 80.80 | 21.36 | 26.44 % | 190.06 | 23.46 | 12.34 % |
| 2006 | 101.56 | 20.76 | 20.44 % | 210.64 | 20.58 | 9.77 % |
| 2007 | 114.63 | 13.07 | 11.40 % | 229.31 | 18.67 | 8.14 % |
| 2008 | 147.38 | 32.75 | 22.22 % | 239.52 | 10.21 | 4.26 % |
| 2009 | 105.97 | -41.41 | -39.08 % | 223.95 | -15.57 | -6.95 % |
| 2010 | 115.42 | 9.45 | 8.19 % | 221.30 | -2.65 | -1.20 % |
| 2011 | 154.04 | 38.62 | 25.07 % | 247.61 | 26.31 | 10.63 % |
| 2012 | 174.05 | 20.01 | 11.50 % | 273.94 | 26.33 | 9.61 % |
| 2013 | 174.17 | 0.12 | 0.07 % | 269.45 | -4.49 | -1.67 % |
| 2014 | 162.65 | -11.52 | -7.08 % | 250.51 | -18.94 | -7.56 % |
| 2015 | 114.59 | -48.06 | -41.94 % | 173.58 | -76.93 | -44.32 % |
| 2016 | 109.41 | -5.18 | -4.73 % | 167.62 | -5.96 | -3.56 % |
| 2017 | 120.69 | 11.28 | 9.35 % | 193.47 | 25.85 | 13.36 % |
| 2018 | 138.20 | 17.51 | 12.67 % | 221.39 | 27.92 | 12.61 % |
| 2019 | 138.70 | 0.50 | 0.36 % | 221.79 | 0.40 | 0.18 % |
| 2020 | 107.51 | -31.19 | -29.01 % | 176.64 | -45.15 | -25.56 % |
| 2021 | 141.78 | 34.27 | 24.17 % | 211.10 | 34.46 | 16.32 % |
| 2022 | 182.81 | 41.03 | 22.44 % | 239.83 | 28.73 | 11.98 % |
| 2023 | 161.77 | -21.04 | -13.01 % | 243.03 | 3.20 | 1.32 % |