Kuwait External Debt: % of GDP
2014 - 2024 | Yearly | % | CEIC Data
Key information about Kuwait External Debt: % of GDP
- Kuwait External Debt accounted for 41.3 % of the country's Nominal GDP in 2024, compared with the ratio of 39.0 % in the previous year.
- Kuwait External Debt: % of Nominal GDP data is updated yearly, available from Dec 2014 to Dec 2024.
- The data reached an all-time high of 55.8 % in Dec 2020 and a record low of 23.5 % in Dec 2014.
CEIC calculates annual External Debt as% of Nominal GDP from annual External Debt and quarterly Nominal GDP. The Central Bank of Kuwait provides External Debt in KWD. The Central Statistical Bureau provides Nominal GDP in local currency.
Related information about Kuwait External Debt: % of GDP
- In the latest reports of Kuwait, Current Account recorded a surplus of 8.8 USD bn in Sep 2025.
- Foreign Direct Investment (FDI) increased by 175.0 USD mn in Sep 2025.
- Kuwait Direct Investment Abroad expanded by 3.5 USD bn in Sep 2025.
- Its Foreign Portfolio Investment increased by 182.5 USD mn in Sep 2025.
- The country's External Debt reached 74,413.4 in Sep 2025.
- The country's Nominal GDP was reported at 37.7 USD bn in Jun 2025.
View Kuwait's External Debt: % of GDP from 2014 to 2024 in the chart:
What was Kuwait's External Debt: % of GDP in 2024?
Kuwait External Debt accounted for 41.3 % of the country's Nominal GDP in 2024, compared with the ratio of 39.0 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 41.3 2024 | 39.0 2023 | 23.5 2014 | 55.8 2020 | % | yearly | 2014 - 2024 |
External Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 37.8 2025 | yearly | 1991 - 2025 |
| Algeria (%) | 1.1 2024 | yearly | 1970 - 2024 |
| Argentina (%) | 46.8 2025 | yearly | 1994 - 2025 |
| Armenia (%) | 64.7 2025 | yearly | 2000 - 2025 |
| Australia (%) | 107.6 2025 | yearly | 1988 - 2025 |
| Austria (%) | 154.5 2024 | yearly | 1997 - 2024 |
| Azerbaijan (%) | 14.9 Dec 2021 | quarterly | Dec 2001 - Dec 2021 |
| Bangladesh (%) | 11.4 2017 | yearly | 1997 - 2017 |
| Belarus (%) | 40.7 Dec 2025 | quarterly | Dec 2000 - Dec 2025 |
| Belgium (%) | 242.8 2025 | yearly | 2007 - 2025 |
| Bolivia (%) | 33.0 2024 | yearly | 2006 - 2024 |
| Bosnia and Herzegovina (%) | 16.4 2025 | yearly | 1999 - 2025 |
| Botswana (%) | 7.8 2025 | yearly | 1995 - 2025 |
| Brazil (%) | 29.0 2025 | yearly | 1992 - 2025 |
| Bulgaria (%) | 50.5 2025 | yearly | 1999 - 2025 |
| Cambodia (%) | 45.4 2024 | yearly | 2010 - 2024 |
| Canada (%) | 147.8 2025 | yearly | 1990 - 2025 |
| Chile (%) | 77.6 2025 | yearly | 1971 - 2025 |
| China (%) | 11.9 2025 | yearly | 1985 - 2025 |
| Colombia (%) | 48.0 2024 | yearly | 1970 - 2024 |
| Croatia (%) | 74.3 2022 | yearly | 1998 - 2022 |
| Cyprus (%) | 617.2 2025 | yearly | 2004 - 2025 |
| Czech Republic (%) | 66.4 2025 | yearly | 1995 - 2025 |
| Denmark (%) | 142.9 2025 | yearly | 2005 - 2025 |
| Ecuador (%) | 49.6 2025 | yearly | 1970 - 2025 |
| Egypt (%) | 42.4 Sep 2025 | quarterly | Jun 1999 - Sep 2025 |
| Estonia (%) | 100.4 2025 | yearly | 1996 - 2025 |
| European Union (%) | 106.7 2025 | yearly | 2013 - 2025 |
| Finland (%) | 207.2 2025 | yearly | 1991 - 2025 |
| France (%) | 250.2 2024 | yearly | 2004 - 2024 |
| Georgia (%) | 70.3 2025 | yearly | 1999 - 2025 |
| Germany (%) | 151.3 2025 | yearly | 1999 - 2025 |
| Ghana (%) | 25.7 2025 | yearly | 1999 - 2025 |
| Greece (%) | 237.7 2025 | yearly | 2003 - 2025 |
| Hong Kong SAR, China (%) | 481.9 2025 | yearly | 2001 - 2025 |
| Hungary (%) | 118.0 2025 | yearly | 2006 - 2025 |
| Iceland (%) | 75.3 2025 | yearly | 1989 - 2025 |
| India (%) | 19.1 2025 | yearly | 1970 - 2025 |
| Indonesia (%) | 29.9 2025 | yearly | 2003 - 2025 |
| Iran (%) | 0.8 2025 | yearly | 1994 - 2025 |
| Ireland (%) | 507.4 2025 | yearly | 2002 - 2025 |
| Israel (%) | 26.9 2025 | yearly | 1998 - 2025 |
| Italy (%) | 120.8 2024 | yearly | 2002 - 2024 |
| Ivory Coast (%) | 34.4 2022 | yearly | 1994 - 2022 |
| Japan (%) | 109.3 2025 | yearly | 2003 - 2025 |
| Jordan (%) | 74.1 2025 | yearly | 1970 - 2025 |
| Kazakhstan (%) | 59.5 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Kenya (%) | 31.1 2025 | yearly | 2006 - 2025 |
| South Korea (%) | 40.9 2025 | yearly | 1994 - 2025 |
| Kosovo (%) | 40.7 2024 | yearly | 2007 - 2024 |
| Kuwait (%) | 41.3 2024 | yearly | 2014 - 2024 |
| Kyrgyzstan (%) | 68.2 2024 | yearly | 2003 - 2024 |
| Laos (%) | 68.7 2024 | yearly | 1996 - 2024 |
| Latvia (%) | 99.5 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Lebanon (%) | 21.3 2023 | yearly | 2007 - 2023 |
| Lithuania (%) | 93.1 2025 | yearly | 1996 - 2025 |
| Luxembourg (%) | 3,937.1 2025 | yearly | 2002 - 2025 |
| North Macedonia (%) | 72.0 2025 | yearly | 2004 - 2025 |
| Malawi (%) | 60.1 2021 | yearly | 2006 - 2021 |
| Malaysia (%) | 68.9 2025 | yearly | 2009 - 2025 |
| Malta (%) | 785.5 2025 | yearly | 2004 - 2025 |
| Mauritius (%) | 1,200.9 2025 | yearly | 2009 - 2025 |
| Mexico (%) | 35.1 2025 | yearly | 2002 - 2025 |
| Moldova (%) | 56.7 2024 | yearly | 2000 - 2024 |
| Mongolia (%) | 159.5 2025 | yearly | 1992 - 2025 |
| Montenegro (%) | 105.7 2024 | yearly | 2006 - 2024 |
| Morocco (%) | 50.8 2022 | yearly | 1970 - 2022 |
| Mozambique (%) | 49.2 2023 | yearly | 1985 - 2023 |
| Myanmar (%) | 18.9 2023 | yearly | 2018 - 2023 |
| Nepal (%) | 17.3 2016 | yearly | 2001 - 2016 |
| Netherlands (%) | 345.3 2025 | yearly | 2003 - 2025 |
| New Zealand (%) | 98.2 2025 | yearly | 1993 - 2025 |
| Nigeria (%) | 12.0 2025 | yearly | 1985 - 2025 |
| Norway (%) | 156.0 2025 | yearly | 2003 - 2025 |
| Pakistan (%) | 33.4 2025 | yearly | 2000 - 2025 |
| Palestinian Territory (%) | 13.1 2024 | yearly | 2012 - 2024 |
| Panama (%) | 167.4 2021 | yearly | 2014 - 2021 |
| Paraguay (%) | 59.8 2025 | yearly | 2000 - 2025 |
| Peru (%) | 33.5 2025 | yearly | 1980 - 2025 |
| Philippines (%) | 30.3 2025 | yearly | 1990 - 2025 |
| Poland (%) | 50.1 2025 | yearly | 1995 - 2025 |
| Portugal (%) | 145.3 2025 | yearly | 1996 - 2025 |
| Qatar (%) | 106.1 2018 | yearly | 2000 - 2018 |
| Romania (%) | 57.5 2024 | yearly | 1995 - 2024 |
| Russia (%) | 12.5 2025 | yearly | 1993 - 2025 |
| Serbia (%) | 60.5 2024 | yearly | 2000 - 2024 |
| Singapore (%) | 402.2 2025 | yearly | 2003 - 2025 |
| Slovakia (%) | 100.8 2025 | yearly | 1995 - 2025 |
| Slovenia (%) | 88.9 2025 | yearly | 1995 - 2025 |
| South Africa (%) | 46.9 2025 | yearly | 1985 - 2025 |
| Spain (%) | 162.9 2024 | yearly | 1995 - 2024 |
| Sri Lanka (%) | 75.0 2022 | yearly | 1998 - 2022 |
| Sudan (%) | 202.2 2021 | yearly | 2001 - 2021 |
| Sweden (%) | 157.5 2025 | yearly | 1997 - 2025 |
| Switzerland (%) | 226.4 2025 | yearly | 1999 - 2025 |
| Taiwan, China (%) | 26.5 2025 | yearly | 1999 - 2025 |
| Tajikistan (%) | 37.7 2021 | yearly | 2000 - 2021 |
| Thailand (%) | 35.4 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Tunisia (%) | 73.8 2025 | yearly | 2002 - 2025 |
| Turkey (%) | 32.6 2025 | yearly | 1995 - 2025 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doKuwait Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.1 2024 | yearly | 1988 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -20,623.986 2025 | yearly | 1988 - 2025 |
| Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
| Tax Revenue: % of GDP (%) | 1.2 2024 | yearly | 1986 - 2024 |
| National Government Debt (USD mn) | 8,307.5 Mar 2026 | monthly | Dec 1993 - Mar 2026 |
| Government Debt: % of GDP (%) | 4.7 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Forecast: Government Expenditure (KWD bn) | 29.604 2031 | yearly | 1985 - 2031 |
| Forecast: Government Net Debt (KWD bn) | 23.230 2031 | yearly | 1991 - 2031 |
| Forecast: Government Revenue (KWD bn) | 47.224 2031 | yearly | 1985 - 2031 |
| Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 1,134.847 Mar 2025 | monthly | Apr 2018 - Mar 2025 |
| Government Expenditure: ytd: Current (KWD mn) | 21,978.132 Mar 2025 | monthly | Apr 2018 - Mar 2025 |
| Government Expenditure: ytd (KWD mn) | 23,112.979 Mar 2025 | monthly | Apr 2018 - Mar 2025 |
| Government Surplus/Deficit (KWD mn) | -6,306.500 2026 | yearly | 1989 - 2026 |
| Public Debt (KWD mn) | 2,550.000 Mar 2026 | monthly | Dec 1993 - Mar 2026 |
| Government Fiscal Balance: ytd (KWD mn) | -1,561.505 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 550.910 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Revenue: ytd: Non Oil (KWD mn) | 2,116.770 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Revenue: ytd (KWD mn) | 23,644.325 Mar 2024 | monthly | Apr 2018 - Mar 2024 |
| Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
| Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
| Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
| Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
| Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.994 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 1,744.4 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Total Exports (USD mn) | 5,631.0 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Total Exports Growth (%) | -8.7 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Aluminum: Exports (USD th) | 50,049.855 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 347,503.397 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 4,176.130 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 3,886.6 Dec 2025 | monthly | Jan 1992 - Dec 2025 |
| Total Imports Growth (%) | 1.5 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Imports: Medicament (USD th) | 1,308,449.500 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 650,043.407 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 1.935 Jan 2026 | monthly | Sep 1991 - Jan 2026 |
| Total Imports from USA (USD mn) | 491.006 Dec 2025 | monthly | Jan 2017 - Dec 2025 |
| Total Exports to China (USD mn) | 67.423 Dec 2025 | monthly | Jan 2017 - Dec 2025 |
| Total Imports from China (USD mn) | 847.536 Dec 2025 | monthly | Jan 2017 - Dec 2025 |
| Exports: FOB: Growth Rate: YoY (%) | -8.670 Dec 2025 | monthly | Apr 2020 - Dec 2025 |
| Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
| Exports: SITC: Other Manufactured Articles (KWD mn) | 36.800 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
| Exports: SITC: Food and Live Animals (KWD mn) | 39.900 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
| Export Value Index (2015=100) | 156.100 2023 | yearly | 1980 - 2023 |
| Import Value Index (2015=100) | 121.300 2023 | yearly | 1980 - 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 3,480.1 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Current Account Balance (USD mn) | 8,835.6 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Current Account Balance: % of GDP (%) | 22.3 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 175.0 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 0.4 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | 182.526 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 0.5 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 421.4 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -238.889 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| External Debt (USD mn) | 74,413.4 Sep 2025 | quarterly | Mar 2018 - Sep 2025 |
| External Debt: % of GDP (%) | 41.3 2024 | yearly | 2014 - 2024 |
| Forecast: Current Account Balance (USD bn) | 28.640 2031 | yearly | 1980 - 2031 |
| Net International Investment Position (USD mn) | 116,734.177 2024 | yearly | 2001 - 2024 |
| BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: Capital Account: Debit (KWD mn) | 5.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: Net Errors and Omissions (KWD mn) | 493.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Financial Derivatives: Liabilities (KWD mn) | 40.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Financial Derivatives: Assets (KWD mn) | -36.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Liabilities (KWD mn) | 1,389.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Household Debt: % of GDP (%) | 1.1 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Money Supply M1 (USD mn) | 36,776.022 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Money Supply M2 (USD mn) | 138,115.328 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| M2 Growth (%) | 1.9 Mar 2026 | monthly | Jan 1995 - Mar 2026 |
| Foreign Exchange Reserves (USD mn) | 34,725.3 Mar 2026 | monthly | Jan 1964 - Mar 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 22.581 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 9.2 Dec 2025 | quarterly | Mar 1973 - Dec 2025 |
| Gold Reserves (USD mn) | 103.274 Mar 2026 | monthly | Dec 1961 - Mar 2026 |
| Total Deposits (USD mn) | 199,573.220 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Total Deposits Growth (%) | 11.1 Mar 2026 | monthly | Jan 1995 - Mar 2026 |
| Domestic Credit (USD mn) | 158,273.7 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Domestic Credit Growth (%) | 16.0 Mar 2026 | monthly | Jan 1995 - Mar 2026 |
| Household Debt (USD mn) | 1,056.5 Mar 2026 | monthly | Jan 2002 - Mar 2026 |
| Total Loans (USD mn) | 176,383.450 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Total Loans Growth (%) | 7.80 Mar 2026 | monthly | Jan 1995 - Mar 2026 |
| Private Debt: % of Nominal GDP (%) | 106.68 Dec 2025 | quarterly | Dec 2010 - Dec 2025 |
| Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 42,394.500 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) | 1,878.900 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Money Supply: M3 (KWD mn) | 42,394.500 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 11,288.400 Mar 2026 | monthly | Jan 1994 - Mar 2026 |
| Local Banks Time Deposits (KWD mn) | 75,725.800 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
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