Kuwait Gross Savings Rate

1970 - 2019 | Yearly | % | CEIC Data

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:

Kuwait Gross Savings Rate

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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Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 17.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 36.1 2021 yearly 2000 - 2021
Argentina (%) 11.0 Mar 2023 quarterly Mar 2004 - Mar 2023
Armenia (%) 13.7 Jun 2023 quarterly Dec 1994 - Jun 2023
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 27.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Azerbaijan (%) 32.0 Jun 2023 quarterly Mar 2001 - Jun 2023
Bahrain (%) 34.4 2021 yearly 1989 - 2021
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 24.6 Jun 2023 quarterly Mar 1992 - Jun 2023
Belgium (%) 24.2 Jun 2023 quarterly Mar 1980 - Jun 2023
Bolivia (%) 19.2 Jun 2023 quarterly Mar 1990 - Jun 2023
Bosnia and Herzegovina (%) 17.5 Jun 2023 quarterly Mar 2008 - Jun 2023
Botswana (%) 32.2 Jun 2023 quarterly Mar 1994 - Jun 2023
Brazil (%) 17.4 Jun 2023 quarterly Mar 1991 - Jun 2023
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 22.3 Sep 2023 quarterly Mar 1995 - Sep 2023
Cambodia (%) 27.2 2021 yearly 1993 - 2021
Canada (%) 20.0 Jun 2023 quarterly Mar 1961 - Jun 2023
Chile (%) 17.6 Sep 2023 quarterly Mar 1996 - Sep 2023
China (%) 45.9 2021 yearly 1952 - 2021
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 22.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Cyprus (%) 21.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Czech Republic (%) 31.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 33.7 Jun 2023 quarterly Mar 1990 - Jun 2023
Ecuador (%) 22.5 Jun 2023 quarterly Mar 1991 - Jun 2023
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 26.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Finland (%) 21.9 Jun 2023 quarterly Mar 1990 - Jun 2023
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 20.9 Jun 2023 quarterly Mar 1996 - Jun 2023
Germany (%) 29.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Ghana (%) 15.4 2022 yearly 2006 - 2022
Greece (%) 8.1 Dec 2022 quarterly Mar 1995 - Dec 2022
Hong Kong SAR, China (%) 19.4 Jun 2023 quarterly Mar 1999 - Jun 2023
Hungary (%) 28.0 Jun 2023 quarterly Mar 1995 - Jun 2023
Iceland (%) 20.6 Jun 2023 quarterly Mar 1995 - Jun 2023
India (%) 30.2 2022 yearly 1951 - 2022
Indonesia (%) 39.0 Sep 2023 quarterly Mar 2010 - Sep 2023
Iran (%) 29.9 Mar 2023 quarterly Jun 1988 - Mar 2023
Ireland (%) 62.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Israel (%) 30.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Italy (%) 20.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Ivory Coast (%) 22.2 2022 yearly 1960 - 2022
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) -3.9 2022 yearly 1963 - 2022
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.1 2022 yearly 2006 - 2022
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) -3.4 Jun 2023 quarterly Mar 2010 - Jun 2023
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) -4.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 20.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) -21.7 2020 yearly 1990 - 2020
Lithuania (%) 19.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 9.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 39.4 Jun 2023 quarterly Mar 1992 - Jun 2023
Mauritius (%) 20.6 Jun 2023 quarterly Mar 1999 - Jun 2023
Mexico (%) 18.5 Jun 2023 quarterly Mar 1993 - Jun 2023
Moldova (%) -1.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) 8.8 Jun 2023 quarterly Mar 2010 - Jun 2023
Morocco (%) 27.2 2022 yearly 1975 - 2022
Mozambique (%) 8.1 2022 yearly 1969 - 2022
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 31.4 2023 yearly 2001 - 2023
Netherlands (%) 31.2 Jun 2023 quarterly Mar 1995 - Jun 2023
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 30.6 2022 yearly 1981 - 2022
Norway (%) 35.9 Jun 2023 quarterly Mar 1978 - Jun 2023
Oman (%) 18.8 2021 yearly 1980 - 2021
Pakistan (%) 6.0 2023 yearly 2000 - 2023
Palestinian Territory (%) 9.0 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 35.8 2021 yearly 1960 - 2021
Paraguay (%) 21.3 Jun 2023 quarterly Mar 1994 - Jun 2023
Peru (%) 23.5 Sep 2023 quarterly Mar 1990 - Sep 2023
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 23.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Portugal (%) 21.7 Jun 2023 quarterly Mar 1999 - Jun 2023
Qatar (%) 66.4 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 20.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Russia (%) 31.9 Sep 2022 quarterly Mar 1993 - Sep 2022
Saudi Arabia (%) 38.1 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 14.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Singapore (%) 49.2 2022 yearly 1960 - 2022
Slovakia (%) 18.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Slovenia (%) 28.2 Jun 2023 quarterly Mar 1995 - Jun 2023
South Africa (%) 14.8 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 22.7 Jun 2023 quarterly Mar 1999 - Jun 2023
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 30.6 Jun 2023 quarterly Mar 1980 - Jun 2023
Switzerland (%) 33.4 Jun 2023 quarterly Mar 1990 - Jun 2023

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Kuwait Key Series

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Includes 177 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -9.6 2019 yearly 1989 - 2019
Consolidated Fiscal Balance (USD mn) 20,745.883 2022 yearly 1989 - 2022
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.5 2020 yearly 1988 - 2020
National Government Debt (USD mn) 679.6 Sep 2023 monthly Dec 1993 - Sep 2023
Government Debt: % of GDP (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (KWD bn) 28.396 2028 yearly 1985 - 2028
Forecast: Government Net Debt (KWD bn) 9.523 2028 yearly 1991 - 2028
Forecast: Government Revenue (KWD bn) 29.444 2028 yearly 1985 - 2028
Government Fiscal Balance: ytd (KWD mn) 6,368.309 Mar 2023 monthly Apr 2018 - Mar 2023
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 581.487 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,539.771 Mar 2023 monthly Apr 2018 - Mar 2023
Government Revenue: ytd: Non Oil (KWD mn) 2,088.962 Mar 2023 monthly Apr 2018 - Mar 2023
Government Revenue: ytd (KWD mn) 28,801.927 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: ytd: Current (KWD mn) 20,829.520 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: ytd (KWD mn) 22,369.291 Mar 2023 monthly Apr 2018 - Mar 2023
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 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 (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
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) 158,912.326 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 529,113.260 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 17,111.420 2022 yearly 1995 - 2022
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) 1,144,894.403 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 442,329.808 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3.898 Jul 2023 monthly Jan 1973 - Jul 2023
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: 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
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,174.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Current Account Balance (USD mn) 12,155.4 Jun 2023 quarterly Mar 2012 - Jun 2023
Current Account Balance: % of GDP (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Direct Investment (USD mn) 445.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Direct Investment: % of GDP (%) -1.4 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment (USD mn) 271.903 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 3.1 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) -99.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 371.666 Jun 2023 quarterly Mar 2012 - Jun 2023
External Debt (USD mn) 62,968.2 Jun 2023 quarterly Mar 2018 - Jun 2023
External Debt: % of GDP (%) 58.5 2020 yearly 2014 - 2020
Forecast: Current Account Balance (USD bn) 29.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 105,184.786 2022 yearly 2001 - 2022
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: CA: Debit (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: 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: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 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: 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: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Sep 2023 quarterly Mar 2012 - Sep 2023
Household Debt: % of GDP (%) 1.5 Dec 2020 quarterly Dec 2010 - Dec 2020
Money Supply M1 (USD mn) 34,985.761 Sep 2023 monthly Jan 1994 - Sep 2023
Money Supply M2 (USD mn) 126,400.647 Sep 2023 monthly Jan 1994 - Sep 2023
M2 Growth (%) 3.8 Sep 2023 monthly Jan 1995 - Sep 2023
Foreign Exchange Reserves (USD mn) 42,022.1 Sep 2023 monthly Jan 1964 - Sep 2023
Foreign Exchange Reserves: % of GDP (%) 42.914 Dec 2020 quarterly Dec 2010 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 14.0 Jun 2023 quarterly Mar 1973 - Jun 2023
Gold Reserves (USD mn) 102.589 Sep 2023 monthly Dec 1961 - Sep 2023
Total Deposits (USD mn) 153,211.974 Sep 2023 monthly Jan 1994 - Sep 2023
Total Deposits Growth (%) 1.0 Sep 2023 monthly Jan 1995 - Sep 2023
Domestic Credit (USD mn) 126,672.2 Sep 2023 monthly Jan 1994 - Sep 2023
Domestic Credit Growth (%) 0.4 Sep 2023 monthly Jan 1995 - Sep 2023
Household Debt (USD mn) 868.3 Sep 2023 monthly Jan 2002 - Sep 2023
Total Loans (USD mn) 170,967.314 Sep 2023 monthly Jan 1994 - Sep 2023
Total Loans Growth (%) 1.37 Sep 2023 monthly Jan 1995 - Sep 2023
Private Debt: % of Nominal GDP (%) 134.08 Dec 2020 quarterly Dec 2010 - Dec 2020
Money Supply: M3 (KWD mn) 39,057.800 Sep 2023 monthly Jan 1994 - Sep 2023
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 39,057.800 Sep 2023 monthly Jan 1994 - Sep 2023

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