Gross domestic savings in Kuwait
Kuwait: Gross domestic savings was 52.49 billion current US$ in 2024. ◆ Volatile
Gross domestic savings in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross domestic savings in Kuwait is 52.49 billion current US$, measured in 2024.
The figure is down 14.6% on the previous year and down 39.4% over ten years.
Over the whole period, gross domestic savings in Kuwait peaked at 106.67 billion current US$ in 2012 and was at its lowest, -7.62 billion current US$, in 1991.
Kuwait ranks 51st of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.37 billion current US$ | 1.27 billion current US$ | 1.49 billion current US$ | 5 |
| 1970s | 6.65 billion current US$ | 1.37 billion current US$ | 15.54 billion current US$ | 10 |
| 1980s | 7.68 billion current US$ | 3.63 billion current US$ | 16.60 billion current US$ | 10 |
| 1990s | 3.86 billion current US$ | -7.62 billion current US$ | 8.88 billion current US$ | 10 |
| 2000s | 37.71 billion current US$ | 9.59 billion current US$ | 86.17 billion current US$ | 10 |
| 2010s | 66.30 billion current US$ | 31.80 billion current US$ | 106.67 billion current US$ | 10 |
| 2020s | 55.86 billion current US$ | 26.72 billion current US$ | 85.38 billion current US$ | 5 |
Countries ranked near Kuwait
- 48 Hungary 65.65 billion current US$ compare
- 49 South Africa 65.26 billion current US$ compare
- 50 New Zealand 57.49 billion current US$ compare
- 52 Colombia 51.77 billion current US$ compare
- 53 Luxembourg 47.20 billion current US$ compare
- 54 Oman 45.15 billion current US$ 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 gross domestic savings in Kuwait?
- Gross domestic savings in Kuwait was 52.49 billion current US$ 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 106.67 billion current US$ in 2012.
- What is the lowest gross domestic savings recorded in Kuwait?
- The lowest recorded value was -7.62 billion current US$ in 1991.
- How does Kuwait rank for gross domestic savings?
- Kuwait ranks 51st 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 39.4%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.