Gross savings in Kuwait
Kuwait: Gross savings was 71.00 billion current US$ in 2024. ◆ Volatile
Gross savings in Kuwait, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Kuwait recorded 71.00 billion current US$ for gross savings in 2024.
Compared with earlier readings it is down 12.1% on the previous year and down 13.0% over ten years.
Over the whole period, gross savings in Kuwait peaked at 102.65 billion current US$ in 2012 and was at its lowest, 4.55 billion current US$, in 1992.
Kuwait ranks 46th of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.36 billion current US$ | 7.85 billion current US$ | 17.41 billion current US$ | 5 |
| 1980s | 12.44 billion current US$ | 9.48 billion current US$ | 19.87 billion current US$ | 10 |
| 1990s | 9.00 billion current US$ | 4.55 billion current US$ | 12.93 billion current US$ | 8 |
| 2000s | 40.20 billion current US$ | 10.79 billion current US$ | 86.22 billion current US$ | 10 |
| 2010s | 63.98 billion current US$ | 27.85 billion current US$ | 102.65 billion current US$ | 10 |
| 2020s | 65.91 billion current US$ | 25.49 billion current US$ | 93.47 billion current US$ | 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 savings in Kuwait?
- Gross savings in Kuwait was 71.00 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Kuwait?
- The highest recorded value was 102.65 billion current US$ in 2012.
- What is the lowest gross savings recorded in Kuwait?
- The lowest recorded value was 4.55 billion current US$ in 1992.
- How does Kuwait rank for gross savings?
- Kuwait ranks 46th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Kuwait?
- Over the last ten years it is down 13.0%. 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 Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.