GDP Growth Rate
Year -
-2.56%
In 2024, Kuwait experienced a significant a decrease in its GDP growth rate, which fall to -2.56% from -1.67% in 2023. Additionally, the GDP per capita growth rate in Kuwait increase to -4.92% in 2024, compared to -7.01% in 2023.
In 2024, Kuwait experienced a decrease in economic performance, with the GDP growth rate falling by 0.89%. Additionally, the GDP per capita growth rate increase by 2.09%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | 7.04 | - | 0.12 | - |
| 1972 | 3.9% | -3.14% | -2.34% | -2.46% |
| 1973 | -6.57% | -10.47% | -12.05% | -9.71% |
| 1974 | -12.99% | -6.42% | -18.08% | -6.03% |
| 1975 | -12.27% | 0.72% | -17.56% | 0.52% |
| 1976 | 6.61% | 18.88% | -0.07% | 17.49% |
| 1977 | -3.85% | -10.46% | -9.91% | -9.84% |
| 1978 | 7.35% | 11.20% | 0.76% | 10.67% |
| 1979 | 13.9% | 6.55% | 7.24% | 6.48% |
| 1980 | -19.41% | -33.31% | -23.76% | -31.00% |
| 1981 | -18.92% | 0.49% | -22.95% | 0.81% |
| 1982 | -11.75% | 7.17% | -15.95% | 7.00% |
| 1983 | 7.94% | 19.69% | 2.88% | 18.83% |
| 1984 | 5.24% | -2.70% | 0.83% | -2.05% |
| 1985 | -4.26% | -9.50% | -7.98% | -8.81% |
| 1986 | 8.57% | 12.83% | 4.26% | 12.24% |
| 1987 | 8.15% | -0.42% | 3.91% | -0.35% |
| 1988 | -10.05% | -18.20% | -13.5% | -17.41% |
| 1989 | 25.89% | 35.94% | 21.19% | 34.69% |
| 1990 | -26.23% | -52.12% | -2.91% | -24.10% |
| 1991 | -41.01% | -14.78% | -26.45% | -23.54% |
| 1992 | 82.81% | 123.82% | 51.1% | 77.55% |
| 1993 | 33.99% | -48.82% | 31.01% | -20.09% |
| 1994 | 8.44% | -25.55% | 8.94% | -22.07% |
| 1995 | 4.86% | -3.58% | 3.79% | -5.15% |
| 1996 | 0.61% | -4.25% | -2.23% | -6.02% |
| 1997 | 2.47% | 1.86% | -0.82% | 1.41% |
| 1998 | 3.66% | 1.19% | 0.48% | 1.30% |
| 1999 | -1.79% | -5.45% | -4.67% | -5.15% |
| 2000 | 4.69% | 6.48% | 1.77% | 6.44% |
| 2001 | 0.21% | -4.48% | -2.45% | -4.22% |
| 2002 | 3.01% | 2.80% | 0.42% | 2.87% |
| 2003 | 17.33% | 14.32% | 14.55% | 14.13% |
| 2004 | 10.24% | -7.09% | 7.82% | -6.73% |
| 2005 | 10.61% | 0.37% | 6.68% | -1.14% |
| 2006 | 7.51% | -3.10% | 1.7% | -4.98% |
| 2007 | 5.99% | -1.52% | -0.06% | -1.76% |
| 2008 | 2.48% | -3.51% | -3.07% | -3.01% |
| 2009 | -7.08% | -9.56% | -11.86% | -8.79% |
| 2010 | -2.37% | 4.71% | -7.28% | 4.58% |
| 2011 | 9.63% | 12.00% | 3% | 10.28% |
| 2012 | 6.63% | -3.00% | 0.1% | -2.90% |
| 2013 | 1.15% | -5.48% | -3.77% | -3.87% |
| 2014 | 0.5% | -0.65% | -3.83% | -0.06% |
| 2015 | 0.59% | 0.09% | -3.83% | 0.00% |
| 2016 | 2.93% | 2.34% | -1.43% | 2.40% |
| 2017 | -4.71% | -7.64% | -8.17% | -6.74% |
| 2018 | 2.74% | 7.45% | -1.27% | 6.90% |
| 2019 | 2.26% | -0.48% | -0.47% | 0.80% |
| 2020 | -4.82% | -7.08% | -3.91% | -3.44% |
| 2021 | 1.67% | 6.49% | 2.59% | 6.50% |
| 2022 | 6.76% | 5.09% | 1.44% | -1.15% |
| 2023 | -1.67% | -8.43% | -7.01% | -8.45% |
| 2024 | -2.56% | -0.89% | -4.92% | 2.09% |