Final consumption expenditure in Kuwait
Kuwait: Final consumption expenditure was 2.4% in 2024. ◆ Volatile
Final consumption expenditure in Kuwait, 2011–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, final consumption expenditure in Kuwait stood at 2.4%.
That represents a change of down 24.1% on the previous year and down 7.7% over ten years.
Over the whole period, final consumption expenditure in Kuwait peaked at 10.4% in 2012 and was at its lowest, -7.8%, in 2020.
Kuwait ranks 111th of 175 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.2% | 1.0% | 10.4% | 9 |
| 2020s | 1.5% | -7.8% | 8.2% | 5 |
Countries ranked near Kuwait
- 108 Sierra Leone 2.5% compare
- 109 Democratic Republic of Congo 2.5% compare
- 110 Latvia 2.4% compare
- 112 Bosnia and Herzegovina 2.4% compare
- 113 Mauritius 2.4% compare
- 114 Dominican Republic 2.4% compare
More economy & growth data for Kuwait
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
- Taxes less subsidies on products -11.79 billion current US$ (2025)
- Net primary income (Net income from abroad) 10.15 billion current LCU (2024)
- Net primary income (Net income from abroad) 33.08 billion current US$ (2024)
- GNI per capita 12,148 current LCU (2024)
- GNI per capita, Atlas method 41,110 current US$ (2024)
- GNI 59.49 billion current LCU (2024)
Frequently asked questions
- What is final consumption expenditure in Kuwait?
- Final consumption expenditure in Kuwait was 2.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Kuwait?
- The highest recorded value was 10.4% in 2012.
- What is the lowest final consumption expenditure recorded in Kuwait?
- The lowest recorded value was -7.8% in 2020.
- How does Kuwait rank for final consumption expenditure?
- Kuwait ranks 111th out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Kuwait?
- Over the last ten years it is down 7.7%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.