GDP Growth Rate
Year -
-2.23%
In 2023, Kuwait experienced a significant a decrease in its GDP growth rate, which fall to -2.23% from 6.14% in 2022. Additionally, the GDP per capita growth rate in Kuwait decrease to -3.17% in 2023, compared to 5.67% in 2022.
In 2023, Kuwait experienced a decrease in economic performance, with the GDP growth rate falling by 8.37%. Additionally, the GDP per capita growth rate decrease by 8.84%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | 7.04 | - | 0.07 | - |
| 1972 | 3.9% | -3.14% | -2.36% | -2.43% |
| 1973 | -6.57% | -10.47% | -12.03% | -9.67% |
| 1974 | -12.99% | -6.42% | -18.05% | -6.02% |
| 1975 | -12.27% | 0.72% | -17.52% | 0.53% |
| 1976 | 6.61% | 18.88% | -0.03% | 17.49% |
| 1977 | -3.85% | -10.46% | -9.89% | -9.86% |
| 1978 | 7.35% | 11.20% | 0.74% | 10.63% |
| 1979 | 13.9% | 6.55% | 7.19% | 6.45% |
| 1980 | -19.41% | -33.31% | -23.81% | -31.00% |
| 1981 | -18.92% | 0.49% | -23% | 0.81% |
| 1982 | -11.75% | 7.17% | -16.01% | 6.99% |
| 1983 | 7.94% | 19.69% | 2.77% | 18.78% |
| 1984 | 5.24% | -2.70% | 0.72% | -2.05% |
| 1985 | -4.26% | -9.50% | -8.07% | -8.79% |
| 1986 | 8.57% | 12.83% | 4.2% | 12.27% |
| 1987 | 8.15% | -0.42% | 3.9% | -0.30% |
| 1988 | -10.05% | -18.20% | -13.46% | -17.36% |
| 1989 | 25.89% | 35.94% | 21.29% | 34.75% |
| 1990 | -26.23% | -52.12% | -2.66% | -23.95% |
| 1991 | -41.01% | -14.78% | -26.23% | -23.57% |
| 1992 | 82.81% | 123.82% | 51.1% | 77.33% |
| 1993 | 33.99% | -48.82% | 31.32% | -19.78% |
| 1994 | 8.44% | -25.55% | 9.26% | -22.06% |
| 1995 | 4.86% | -3.58% | 3.96% | -5.30% |
| 1996 | 0.61% | -4.25% | -2.24% | -6.20% |
| 1997 | 2.47% | 1.86% | -0.91% | 1.33% |
| 1998 | 3.66% | 1.19% | 0.35% | 1.26% |
| 1999 | -1.79% | -5.45% | -4.82% | -5.17% |
| 2000 | 4.69% | 6.48% | 1.58% | 6.40% |
| 2001 | 0.21% | -4.48% | -2.64% | -4.22% |
| 2002 | 3.01% | 2.80% | 0.21% | 2.85% |
| 2003 | 17.33% | 14.32% | 14.3% | 14.09% |
| 2004 | 10.24% | -7.09% | 7.58% | -6.72% |
| 2005 | 10.61% | 0.37% | 6.56% | -1.02% |
| 2006 | 7.51% | -3.10% | 1.69% | -4.87% |
| 2007 | 5.99% | -1.52% | -0.07% | -1.76% |
| 2008 | 2.48% | -3.51% | -3.09% | -3.02% |
| 2009 | -7.08% | -9.56% | -11.88% | -8.79% |
| 2010 | -2.37% | 4.71% | -7.27% | 4.61% |
| 2011 | 9.63% | 12.00% | 2.64% | 9.91% |
| 2012 | 6.63% | -3.00% | -1.25% | -3.89% |
| 2013 | 1.15% | -5.48% | -5.84% | -4.59% |
| 2014 | 0.5% | -0.65% | -2.57% | 3.27% |
| 2015 | 0.59% | 0.09% | -3.19% | -0.62% |
| 2016 | 2.93% | 2.34% | -0.62% | 2.57% |
| 2017 | -4.71% | -7.64% | -6.49% | -5.87% |
| 2018 | 2.43% | 7.14% | -2.13% | 4.36% |
| 2019 | 1.38% | -1.05% | -1.45% | 0.68% |
| 2020 | -5.27% | -6.65% | -3.52% | -2.07% |
| 2021 | 1.7% | 6.97% | 4.34% | 7.86% |
| 2022 | 6.14% | 4.44% | 5.67% | 1.33% |
| 2023 | -2.23% | -8.37% | -3.17% | -8.84% |