Kuwait Household Debt: % of GDP

2010 - 2020 | Quarterly | % | CEIC Data

Key information about Kuwait Household Debt: % of GDP

  • Kuwait household debt accounted for 1.7 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 1.2 % in the previous quarter.
  • Kuwait household debt to GDP ratio is updated quarterly, available from Dec 2010 to Dec 2020.
  • The data reached an all-time high of 2.1 % in Dec 2018 and a record low of 0.3 % in Jun 2020.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Central Bank of Kuwait provides Household Debt in local currency. Central Statistical Bureau provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Mortgages and Consumer Loans.


Related information about Kuwait Household Debt: % of GDP

  • In the latest reports, Kuwait Household Debt reached 1.8 USD bn in Mar 2022.
  • Money Supply M2 in Kuwait increased 5.7 % YoY in Mar 2022.
  • Kuwait Foreign Exchange Reserves was measured at 40.8 USD bn in Feb 2022.
  • The Foreign Exchange Reserves equaled 16.3 Months of Import in Sep 2021.
  • Kuwait Domestic Credit reached 127.5 USD bn in Mar 2022, representing an increased of 12.0 % YoY.
  • The country's Non Performing Loans Ratio stood at 1.9 % in Sep 2021, compared with the ratio of 2.4 % in the previous quarter.

View Kuwait's Household Debt: % of GDP from Dec 2010 to Dec 2020 in the chart:

Kuwait Household Debt: % of GDP

What was Kuwait's Household Debt: % of GDP in Dec 2020?

Kuwait household debt accounted for 1.7 % of the country's Nominal GDP in Dec 2020, compared with the ratio of 1.2 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.7 Dec 2020 1.2 Sep 2020 0.3 Jun 2020 2.1 Dec 2018 % quarterly Dec 2010 - Dec 2020

Household Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 11.8 Dec 2021 quarterly Dec 2008 - Dec 2021
Argentina (%) 4.6 Dec 2021 quarterly Dec 2004 - Dec 2021
Armenia (%) 24.9 Dec 2021 quarterly Dec 2000 - Dec 2021
Australia (%) 125.9 Dec 2021 quarterly Jun 1988 - Dec 2021
Austria (%) 52.7 Dec 2021 quarterly Mar 1999 - Dec 2021
Azerbaijan (%) 9.3 Dec 2021 quarterly Mar 2005 - Dec 2021
Belarus (%) 9.4 Mar 2022 quarterly Dec 2006 - Mar 2022
Belgium (%) 65.1 Dec 2021 quarterly Dec 1992 - Dec 2021
Bolivia (%) 11.5 Dec 2021 quarterly Sep 2010 - Dec 2021
Bosnia and Herzegovina (%) 28.0 Dec 2021 quarterly Dec 2008 - Dec 2021
Botswana (%) 23.4 Dec 2021 quarterly Dec 2002 - Dec 2021
Brunei (%) 15.9 Sep 2021 quarterly Dec 2013 - Sep 2021
Bulgaria (%) 30.9 2020 yearly 1995 - 2020
Cambodia (%) 28.6 2020 yearly 2008 - 2020
Canada (%) 106.6 Dec 2021 quarterly Mar 1969 - Dec 2021
Chile (%) 38.9 Sep 2021 quarterly Mar 2009 - Sep 2021
China (%) 62.1 Mar 2022 quarterly Mar 2007 - Mar 2022
Colombia (%) 37.2 Dec 2021 quarterly Mar 2016 - Dec 2021
Croatia (%) 37.3 Sep 2021 quarterly Mar 2012 - Sep 2021
Cyprus (%) 110.6 2020 yearly 1995 - 2020
Czech Republic (%) 42.2 Dec 2021 quarterly Mar 2004 - Dec 2021
Denmark (%) 116.7 2020 yearly 1994 - 2020
Ecuador (%) 14.2 Dec 2021 quarterly Dec 2006 - Dec 2021
Egypt (%) 8.8 Jun 2021 quarterly Dec 2002 - Jun 2021
Estonia (%) 39.9 Dec 2021 quarterly Dec 2003 - Dec 2021
European Union (%) 52.1 Dec 2021 quarterly Sep 1997 - Dec 2021
Finland (%) 79.6 2021 yearly 1995 - 2021
France (%) 79.0 2020 yearly 1995 - 2020
Georgia (%) 39.9 Dec 2021 quarterly Mar 2001 - Dec 2021
Germany (%) 57.5 Sep 2021 quarterly Dec 1991 - Sep 2021
Greece (%) 61.0 Dec 2021 quarterly Dec 1997 - Dec 2021
Hong Kong SAR, China (%) 93.8 Mar 2022 quarterly Mar 1982 - Mar 2022
Hungary (%) 24.2 Dec 2021 quarterly Dec 1995 - Dec 2021
Iceland (%) 84.0 Dec 2021 quarterly Dec 1995 - Dec 2021
India (%) 14.5 2021 yearly 1998 - 2021
Indonesia (%) 9.7 Mar 2022 quarterly Dec 2010 - Mar 2022
Ireland (%) 35.2 Jun 2021 quarterly Mar 2002 - Jun 2021
Israel (%) 44.4 Dec 2021 quarterly Dec 1995 - Dec 2021
Italy (%) 55.8 Sep 2021 quarterly Dec 1995 - Sep 2021
Japan (%) 67.4 Dec 2021 quarterly Dec 1997 - Dec 2021
Jordan (%) 83.1 Dec 2021 quarterly Mar 2002 - Dec 2021
Kazakhstan (%) 13.2 Dec 2021 quarterly Dec 1997 - Dec 2021
South Korea (%) 109.1 Dec 2021 quarterly Dec 2002 - Dec 2021
Kosovo (%) 17.9 Dec 2021 quarterly Dec 2010 - Dec 2021
Kuwait (%) 1.7 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 5.8 Dec 2021 quarterly Dec 2000 - Dec 2021
Latvia (%) 21.9 Dec 2021 quarterly Mar 2004 - Dec 2021
Lithuania (%) 26.1 Dec 2021 quarterly Dec 1995 - Dec 2021
Luxembourg (%) 66.0 Dec 2021 quarterly Dec 1995 - Dec 2021
Macau SAR, China (%) 138.8 Dec 2021 quarterly Dec 2001 - Dec 2021
North Macedonia (%) 27.7 Dec 2021 quarterly Mar 2003 - Dec 2021
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 89.0 2021 yearly 2002 - 2021
Malta (%) 48.2 Dec 2021 quarterly Dec 2003 - Dec 2021
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.3 Dec 2021 quarterly Dec 2000 - Dec 2021
Mongolia (%) 26.4 Mar 2022 quarterly Mar 2004 - Mar 2022
Montenegro (%) 29.1 Dec 2021 quarterly Dec 2010 - Dec 2021
Morocco (%) 28.6 2020 yearly 2001 - 2020
Netherlands (%) 106.7 Dec 2021 quarterly Mar 1999 - Dec 2021
New Zealand (%) 98.5 Dec 2021 quarterly Dec 1990 - Dec 2021
Norway (%) 104.0 Dec 2021 quarterly Dec 1995 - Dec 2021
Panama (%) 45.4 Dec 2021 quarterly Dec 2007 - Dec 2021
Peru (%) 15.7 Dec 2021 quarterly Mar 2001 - Dec 2021
Philippines (%) 10.2 Dec 2021 quarterly Mar 2009 - Dec 2021
Poland (%) 32.8 Dec 2021 quarterly Dec 2003 - Dec 2021
Portugal (%) 80.8 Dec 2021 quarterly Dec 1999 - Dec 2021
Romania (%) 19.2 Dec 2021 quarterly Mar 2007 - Dec 2021
Russia (%) 20.1 Dec 2021 quarterly Dec 2000 - Dec 2021
Saudi Arabia (%) 14.3 Dec 2021 quarterly Dec 2003 - Dec 2021
Serbia (%) 21.9 Dec 2021 quarterly Dec 2003 - Dec 2021
Singapore (%) 68.2 Dec 2021 quarterly Mar 1995 - Dec 2021
Slovakia (%) 50.4 Dec 2021 quarterly Mar 2004 - Dec 2021
Slovenia (%) 30.2 Dec 2021 quarterly Mar 2004 - Dec 2021
South Africa (%) 41.9 Dec 2021 quarterly Mar 1969 - Dec 2021
Spain (%) 63.5 Dec 2021 quarterly Dec 1989 - Dec 2021
Sri Lanka (%) 10.4 Jun 2021 quarterly Dec 2010 - Jun 2021
Sweden (%) 97.0 Dec 2021 quarterly Mar 1996 - Dec 2021
Switzerland (%) 130.1 2021 yearly 1999 - 2021
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 97.1 2020 yearly 2000 - 2020
Thailand (%) 90.1 Dec 2021 quarterly Mar 2003 - Dec 2021
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 15.2 Dec 2021 quarterly Dec 2014 - Dec 2021
Ukraine (%) 4.7 Dec 2021 quarterly Dec 2002 - Dec 2021
United Arab Emirates (%) 121.2 2020 yearly 2013 - 2020
United Kingdom (%) 90.8 Dec 2021 quarterly Mar 1987 - Dec 2021
United States (%) 67.0 Mar 2022 quarterly Mar 1999 - Mar 2022
Uruguay (%) 9.9 Dec 2021 quarterly Dec 2005 - Dec 2021
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Kuwait Key Series

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Includes 191 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 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 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 Revenue: ytd: Non Oil (KWD mn) 1,711.965 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 Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 383.685 Feb 2022 monthly Apr 2018 - Feb 2022
Government Expenditure: ytd (KWD mn) 16,380.557 Feb 2022 monthly Apr 2018 - Feb 2022
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 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: 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) 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: Other Investments (OT) (KWD mn) -1,407.000 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: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 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: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 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: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 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 (KWD mn) 40,588.700 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
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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