The Gross Domestic Product (GDP) in Kuwait was worth 134.76 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Kuwait represents 0.11 percent of the world economy.

GDP in Kuwait averaged 47.65 USD Billion from 1962 until 2019, reaching an all time high of 174.16 USD Billion in 2013 and a record low of 1.83 USD Billion in 1962. This page provides - Kuwait GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait GDP - values, historical data and charts - was last updated on October of 2020. source: World Bank

GDP in Kuwait is expected to reach 131.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait GDP is projected to trend around 135.00 USD Billion in 2021 and 144.00 USD Billion in 2022, according to our econometric models.

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Kuwait GDP

Actual Previous Highest Lowest Dates Unit Frequency
134.76 140.65 174.16 1.83 1962 - 2019 USD Billion Yearly
Current USD

Kuwait GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.10 0.10 33.99 -20.62 percent [+]
GDP 134.76 140.65 174.16 1.83 USD Billion [+]
GDP Constant Prices 9997.50 9742.90 19955.90 572.00 KWD Million [+]
Gross Fixed Capital Formation 10706.10 10541.90 10706.10 96.00 KWD Million [+]
GDP per capita 32697.33 33112.19 49578.50 32697.33 USD [+]
GDP per capita PPP 49846.10 50478.60 75581.00 49846.10 USD [+]
GDP Growth Rate 2.60 -1.00 13.50 -5.10 percent [+]


Kuwait GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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