Kuwait Gross Savings Rate
Key information about Kuwait Gross Savings Rate
- Kuwait Gross Savings Rate was measured at 31.1% in Dec 2019, compared with 31.1% in the previous year.
- Kuwait Gross Savings Rate is updated yearly, with data available from Dec 1970 to Dec 2019, and an average rate of 31.1%.
- The data reached an all-time high of 31.1% in Dec 1974 and a record low of -126.1% in Dec 1991.
- CEIC calculates Gross National Savings Rate from annual Gross National Savings and annual Gross National Product. Gross National Savings is calculated as Gross National Product less Final Consumption Expenditure plus Net Current Transfers from Abroad. Central Statistical Bureau provides Gross National Product, Final Consumption Expenditure and Net Current Transfers from Abroad in local currency.
- In the latest reports, Kuwait GDP expanded 4.7% YoY in Dec 2020.
- Kuwait Nominal GDP reached 27,984.3 USD mn in Dec 2020. Its GDP deflator (implicit price deflator) fell 10.1% in Dec 2020.
- Kuwait GDP Per Capita reached 22,682.6 USD in Dec 2020.
View Kuwait's Gross Savings Rate from 1970 to 2019 in the chart:
What was Kuwait's Gross Savings Rate in 2019?
Kuwait Gross Savings Rate was measured at 31.1% in Dec 2019, compared with 31.1% in the previous year. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
31.1 2019 | 35.1 2018 | -126.1 1991 | 65.9 1974 | % | yearly | 1970 - 2019 |
Gross Savings Rate by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 17.6 Dec 2021 | quarterly | Mar 2008 - Dec 2021 |
Algeria (%) | 39.8 2018 | yearly | 2000 - 2018 |
Argentina (%) | 24.3 Dec 2021 | quarterly | Mar 2004 - Dec 2021 |
Armenia (%) | 16.7 Dec 2021 | quarterly | Dec 1994 - Dec 2021 |
Australia (%) | 28.7 Dec 2021 | quarterly | Sep 1959 - Dec 2021 |
Austria (%) | 28.0 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Azerbaijan (%) | 44.5 Dec 2021 | quarterly | Mar 2001 - Dec 2021 |
Bahrain (%) | 32.9 2019 | yearly | 1989 - 2019 |
Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
Belarus (%) | 32.8 Dec 2021 | quarterly | Mar 1992 - Dec 2021 |
Belgium (%) | 25.7 Dec 2021 | quarterly | Mar 1980 - Dec 2021 |
Bolivia (%) | 0.8 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
Bosnia and Herzegovina (%) | 11.3 Dec 2021 | quarterly | Mar 2008 - Dec 2021 |
Botswana (%) | 19.0 Dec 2021 | quarterly | Mar 1994 - Dec 2021 |
Brazil (%) | 11.7 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
Brunei (%) | 51.5 Sep 2021 | quarterly | Mar 2004 - Sep 2021 |
Bulgaria (%) | 13.5 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
Cambodia (%) | 25.8 2019 | yearly | 1993 - 2019 |
Canada (%) | 24.6 Dec 2021 | quarterly | Mar 1961 - Dec 2021 |
Chile (%) | 18.8 Dec 2021 | quarterly | Mar 1996 - Dec 2021 |
China (%) | 45.3 2020 | yearly | 1952 - 2020 |
Colombia (%) | 23.7 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
Croatia (%) | 12.0 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Cyprus (%) | 16.8 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Czech Republic (%) | 30.0 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Denmark (%) | 32.1 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
Ecuador (%) | 23.1 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
Egypt (%) | 6.7 2017 | yearly | 1990 - 2017 |
Estonia (%) | 30.1 Dec 2021 | quarterly | Mar 1993 - Dec 2021 |
European Union (%) | 26.7 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Finland (%) | 26.7 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
Georgia (%) | 11.2 Dec 2021 | quarterly | Mar 1996 - Dec 2021 |
Germany (%) | 27.2 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
Ghana (%) | 19.9 2021 | yearly | 2006 - 2021 |
Greece (%) | 7.3 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Hong Kong SAR, China (%) | 25.9 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
Hungary (%) | 32.4 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Iceland (%) | 20.3 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
India (%) | 28.2 2021 | yearly | 1951 - 2021 |
Indonesia (%) | 39.7 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
Iran (%) | 48.0 Sep 2021 | quarterly | Jun 1988 - Sep 2021 |
Ireland (%) | 60.1 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Israel (%) | 27.7 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
Italy (%) | 23.5 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Ivory Coast (%) | 22.4 2021 | yearly | 1960 - 2021 |
Japan (%) | 29.6 Mar 2021 | quarterly | Mar 1980 - Mar 2021 |
Jordan (%) | 3.8 2020 | yearly | 1963 - 2020 |
Kazakhstan (%) | 40.3 Sep 2021 | quarterly | Mar 1994 - Sep 2021 |
Kenya (%) | 12.8 2020 | yearly | 2006 - 2020 |
South Korea (%) | 36.8 Dec 2021 | quarterly | Mar 1970 - Dec 2021 |
Kosovo (%) | -2.8 Dec 2021 | quarterly | Mar 2010 - Dec 2021 |
Kuwait (%) | 31.1 2019 | yearly | 1970 - 2019 |
Kyrgyzstan (%) | -1.8 Sep 2021 | quarterly | Mar 2000 - Sep 2021 |
Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
Latvia (%) | 26.9 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Lebanon (%) | -5.8 2018 | yearly | 1990 - 2018 |
Lithuania (%) | 18.1 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Luxembourg (%) | 53.5 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Macau SAR, China (%) | 32.5 Dec 2021 | quarterly | Mar 2001 - Dec 2021 |
North Macedonia (%) | 22.5 Dec 2021 | quarterly | Mar 2000 - Dec 2021 |
Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
Malaysia (%) | 26.3 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
Malta (%) | 35.3 Dec 2021 | quarterly | Mar 1992 - Dec 2021 |
Mauritius (%) | 7.7 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
Mexico (%) | 22.5 Dec 2021 | quarterly | Mar 1993 - Dec 2021 |
Moldova (%) | -2.6 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Mongolia (%) | 19.4 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
Montenegro (%) | 2.4 Dec 2021 | quarterly | Mar 2010 - Dec 2021 |
Morocco (%) | 27.1 2020 | yearly | 1975 - 2020 |
Mozambique (%) | 14.3 2020 | yearly | 1969 - 2020 |
Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
Nepal (%) | 31.3 2021 | yearly | 2001 - 2021 |
Netherlands (%) | 28.2 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
New Zealand (%) | 21.1 Dec 2021 | quarterly | Jun 1987 - Dec 2021 |
Nigeria (%) | 32.7 2021 | yearly | 1981 - 2021 |
Norway (%) | 43.8 Dec 2021 | quarterly | Mar 1978 - Dec 2021 |
Oman (%) | 9.8 2020 | yearly | 1980 - 2020 |
Pakistan (%) | 19.9 2021 | yearly | 2000 - 2021 |
Palestinian Territory (%) | 16.0 Sep 2021 | quarterly | Mar 2011 - Sep 2021 |
Panama (%) | 29.2 2020 | yearly | 1960 - 2020 |
Paraguay (%) | 17.9 Dec 2021 | quarterly | Mar 1994 - Dec 2021 |
Peru (%) | 25.6 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
Philippines (%) | 8.0 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
Poland (%) | 29.3 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Portugal (%) | 16.6 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
Qatar (%) | 64.9 Dec 2021 | quarterly | Mar 2013 - Dec 2021 |
Romania (%) | 18.9 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Russia (%) | 37.7 Dec 2021 | quarterly | Mar 1993 - Dec 2021 |
Saudi Arabia (%) | 33.6 Dec 2021 | quarterly | Mar 2003 - Dec 2021 |
Serbia (%) | 20.1 Dec 2021 | quarterly | Mar 1996 - Dec 2021 |
Singapore (%) | 48.3 2021 | yearly | 1960 - 2021 |
Slovakia (%) | 15.1 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
Slovenia (%) | 22.8 Dec 2021 | quarterly | Mar 1995 - Dec 2021 |
South Africa (%) | 15.2 Dec 2021 | quarterly | Mar 1960 - Dec 2021 |
Spain (%) | 24.4 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
Sri Lanka (%) | 24.0 Dec 2021 | quarterly | Mar 2010 - Dec 2021 |
Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
Sweden (%) | 30.7 Dec 2021 | quarterly | Mar 1980 - Dec 2021 |
Switzerland (%) | 35.0 Dec 2021 | quarterly | Mar 1990 - Dec 2021 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -9.6 2019 | yearly | 1988 - 2019 |
Consolidated Fiscal Balance (USD mn) | -35,254.149 2020 | yearly | 1988 - 2020 |
Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
Tax Revenue: % of GDP (%) | 1.5 2020 | yearly | 1986 - 2020 |
National Government Debt (USD mn) | 1,645.3 Mar 2022 | monthly | Dec 1993 - Mar 2022 |
Government Debt: % of GDP (%) | 3.2 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Forecast: Government Expenditure (KWD bn) | 24.751 2027 | yearly | 1990 - 2027 |
Forecast: Government Net Debt (KWD bn) | 13.132 2027 | yearly | 1991 - 2027 |
Forecast: Government Revenue (KWD bn) | 28.437 2027 | yearly | 1990 - 2027 |
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 383.685 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Revenue: ytd: Non Oil (KWD mn) | 1,711.965 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Fiscal Balance: ytd (KWD mn) | -401.505 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Expenditure: ytd: Current (KWD mn) | 14,978.234 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Expenditure: ytd (KWD mn) | 16,380.557 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 1,402.323 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Revenue: ytd (KWD mn) | 15,979.052 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
Government Surplus/Deficit (KWD mn) | -10,772.490 2021 | yearly | 1989 - 2021 |
Public Debt (KWD mn) | 500.000 Mar 2022 | monthly | Dec 1993 - Mar 2022 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.861 2027 | yearly | 1980 - 2027 |
Trade Balance (USD mn) | 1,817.0 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
Total Exports (USD mn) | 5,006.5 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
Total Exports Growth (%) | 61.8 Mar 2021 | monthly | Jan 1994 - Mar 2021 |
Aluminum: Exports (USD th) | 8,792.473 2020 | yearly | 1995 - 2020 |
Exports: Medicament (USD th) | 36,500.470 2020 | yearly | 1995 - 2020 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 1,725.653 2020 | yearly | 1995 - 2020 |
Total Imports (USD mn) | 3,189.5 Mar 2021 | monthly | Jan 1992 - Mar 2021 |
Total Imports Growth (%) | 27.7 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
Imports: Medicament (USD th) | 821,416.568 2020 | yearly | 1995 - 2020 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 268,529.091 2020 | yearly | 1995 - 2020 |
Total Exports to USA (USD mn) | 1.230 Jan 2022 | monthly | Jan 1973 - Jan 2022 |
Total Imports from USA (USD mn) | 266.038 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
Total Exports to China (USD mn) | 27.186 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
Total Imports from China (USD mn) | 505.174 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
Exports: SITC: Food and Live Animals (KWD mn) | 39.900 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
Exports: SITC: Other Manufactured Articles (KWD mn) | 36.800 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 2,366.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Current Account Balance (USD mn) | 8,665.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Current Account Balance: % of GDP (%) | 0.5 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
Foreign Direct Investment (USD mn) | 94.4 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Foreign Direct Investment: % of GDP (%) | -1.4 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
Foreign Portfolio Investment (USD mn) | 506.970 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Foreign Portfolio Investment: % of GDP (%) | 3.1 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -7.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 513.951 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
External Debt (USD mn) | 57,327.4 Sep 2021 | quarterly | Mar 2018 - Sep 2021 |
External Debt: % of GDP (%) | 50.5 2020 | yearly | 2014 - 2020 |
Forecast: Current Account Balance (USD bn) | 34.812 2027 | yearly | 1980 - 2027 |
Net International Investment Position (USD mn) | 99,111.738 2020 | yearly | 2001 - 2020 |
BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 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: Portfolio Investment: Liabilities: Debt Instruments (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 |
BoP: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: Capital Account: Debit (KWD mn) | 5.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 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: FA: Financial Derivatives: Assets (KWD mn) | -36.000 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: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
Number of Investment Companies (Unit) | 43.000 Mar 2022 | monthly | Mar 2005 - Mar 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.9 Sep 2021 | quarterly | Mar 2017 - Sep 2021 |
Household Debt: % of GDP (%) | 1.7 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Money Supply M1 (USD mn) | 43,239.223 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Money Supply M2 (USD mn) | 133,559.395 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
M2 Growth (%) | 5.7 Mar 2022 | monthly | Jan 1995 - Mar 2022 |
Foreign Exchange Reserves (USD mn) | 40,769.4 Feb 2022 | monthly | Jan 1964 - Feb 2022 |
Foreign Exchange Reserves: % of GDP (%) | 42.914 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Foreign Exchange Reserves: Months of Import (NA) | 16.3 Sep 2021 | quarterly | Mar 1973 - Sep 2021 |
Gold Reserves (USD mn) | 104.864 Feb 2022 | monthly | Dec 1961 - Feb 2022 |
Total Deposits (USD mn) | 151,352.748 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Total Deposits Growth (%) | 4.8 Mar 2022 | monthly | Jan 1995 - Mar 2022 |
Domestic Credit (USD mn) | 127,525.2 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Domestic Credit Growth (%) | 12.0 Mar 2022 | monthly | Jan 1995 - Mar 2022 |
Household Debt (USD mn) | 1,847.3 Mar 2022 | monthly | Jan 2002 - Mar 2022 |
Total Loans (USD mn) | 143,659.756 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Total Loans Growth (%) | 8.68 Mar 2022 | monthly | Jan 1995 - Mar 2022 |
Private Debt: % of Nominal GDP (%) | 119.16 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 13,140.400 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) | 1,781.100 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Money Supply: M3 (KWD mn) | 40,588.700 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 40,588.700 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
Local Banks Time Deposits (KWD mn) | 46,625.700 Mar 2022 | monthly | Jan 1994 - Mar 2022 |
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