Gross domestic savings in Kuwait
Kuwait: Gross domestic savings was 16.10 billion current LCU in 2024. ◆ Volatile
Gross domestic savings in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kuwait recorded 16.10 billion current LCU for gross domestic savings in 2024.
Compared with earlier readings it is down 14.7% on the previous year and down 34.7% over ten years.
Over the whole period, gross domestic savings in Kuwait peaked at 29.86 billion current LCU in 2012 and was at its lowest, -2.17 billion current LCU, in 1991.
That places Kuwait 129th out of 187 countries with data for 2024, putting it 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 |
|---|---|---|---|---|
| 1960s | 490.80 million current LCU | 452.00 million current LCU | 531.00 million current LCU | 5 |
| 1970s | 1.93 billion current LCU | 490.70 million current LCU | 4.30 billion current LCU | 10 |
| 1980s | 2.18 billion current LCU | 1.06 billion current LCU | 4.49 billion current LCU | 10 |
| 1990s | 1.17 billion current LCU | -2.17 billion current LCU | 2.66 billion current LCU | 10 |
| 2000s | 10.79 billion current LCU | 2.91 billion current LCU | 23.16 billion current LCU | 10 |
| 2010s | 19.12 billion current LCU | 9.61 billion current LCU | 29.86 billion current LCU | 10 |
| 2020s | 17.08 billion current LCU | 8.18 billion current LCU | 26.15 billion current LCU | 5 |
Countries ranked near Kuwait
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 gross domestic savings in Kuwait?
- Gross domestic savings in Kuwait was 16.10 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Kuwait?
- The highest recorded value was 29.86 billion current LCU in 2012.
- What is the lowest gross domestic savings recorded in Kuwait?
- The lowest recorded value was -2.17 billion current LCU in 1991.
- How does Kuwait rank for gross domestic savings?
- Kuwait ranks 129th out of 187 countries with data for 2024.
- Is gross domestic savings rising or falling in Kuwait?
- Over the last ten years it is down 34.7%. 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 Gross domestic savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.