Kuwait Nominal GDP

2010 - 2020 | Quarterly | USD mn | CEIC Data

Key information about Kuwait Nominal GDP

  • Kuwait Nominal GDP reached 28.0 USD bn in Dec 2020, compared with 26.1 USD bn in the previous quarter.
  • Nominal GDP in Kuwait is updated quarterly, available from Mar 2010 to Dec 2020, with an average number of 33.2 USD bn.
  • The data reached an all-time high of 45.8 USD bn in Mar 2012 and a record low of 20.6 USD bn in Jun 2020.

CEIC converts quarterly Nominal GDP into USD. Central Statistical Bureau provides Nominal GDP in local currency. The Central Bank of Kuwait average market exchange rate is used for currency conversions.


Related information about Kuwait Nominal GDP

  • In the latest reports, Kuwait GDP expanded 4.7 % YoY 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.
  • Its Gross Savings Rate was measured at 31.1 % in Dec 2019.
  • For Nominal GDP contributions, Investment accounted for 25.0 % in Dec 2019.
  • Public Consumption accounted for 25.2 % in Dec 2019.
  • Private Consumption accounted for 41.4 % in Dec 2019.

View Kuwait's Nominal GDP from Mar 2010 to Dec 2020 in the chart:

Kuwait Nominal GDP

What was Kuwait's Nominal GDP in Dec 2020?

Kuwait Nominal GDP reached 28.0 USD bn in Dec 2020, compared with 26.1 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
27,984.3 Dec 2020 26,140.3 Sep 2020 20,648.5 Jun 2020 45,802.9 Mar 2012 USD mn quarterly Mar 2010 - Dec 2020

Nominal GDP by Country Comparison

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country/region Last Frequency Range
Albania (USD mn) 1,020.5 Mar 2023 quarterly Mar 2008 - Mar 2023
Algeria (USD mn) 49,686.2 Sep 2022 quarterly Mar 1999 - Sep 2022
Argentina (USD mn) 161,468.8 Sep 2022 quarterly Mar 1993 - Sep 2022
Armenia (USD mn) 4,555.0 Mar 2023 quarterly Dec 1994 - Mar 2023
Australia (USD mn) 440,146.9 Mar 2023 quarterly Sep 1959 - Mar 2023
Austria (USD mn) 117,117.1 Dec 2022 quarterly Mar 1988 - Dec 2022
Azerbaijan (USD mn) 20,960.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Bahrain (USD mn) 11,004.5 Dec 2022 quarterly Mar 2007 - Dec 2022
Bangladesh (USD mn) 460,199.8 2022 yearly 1960 - 2022
Belarus (USD mn) 16,878.2 Mar 2023 quarterly Mar 1994 - Mar 2023
Belgium (USD mn) 153,814.1 Mar 2023 quarterly Mar 1980 - Mar 2023
Bolivia (USD mn) 10,724.0 Sep 2022 quarterly Mar 1990 - Sep 2022
Bosnia and Herzegovina (USD mn) 6,170.0 Sep 2022 quarterly Mar 2008 - Sep 2022
Botswana (USD mn) 5,136.2 Mar 2023 quarterly Sep 1993 - Mar 2023
Brazil (USD mn) 486,069.0 Mar 2023 quarterly Mar 1990 - Mar 2023
Brunei (USD mn) 4,130.1 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (USD mn) 24,538.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (USD mn) 29,598.9 2022 yearly 1993 - 2022
Canada (USD mn) 513,543.5 Dec 2022 quarterly Mar 1957 - Dec 2022
Chile (USD mn) 69,075.0 Sep 2022 quarterly Mar 1990 - Sep 2022
China (USD mn) 4,166,759.1 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (USD mn) 79,499.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Croatia (USD mn) 17,564.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Cyprus (USD mn) 7,631.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Czech Republic (USD mn) 72,034.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (USD mn) 96,987.7 Dec 2022 quarterly Mar 1990 - Dec 2022
Ecuador (USD mn) 29,334.6 Sep 2022 quarterly Mar 1991 - Sep 2022
Egypt (USD mn) 108,969.4 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (USD mn) 9,214.3 Sep 2022 quarterly Mar 1995 - Sep 2022
European Union (USD mn) 4,141,831.0 Dec 2022 quarterly Mar 1999 - Dec 2022
Finland (USD mn) 73,976.2 Mar 2023 quarterly Mar 1990 - Mar 2023
France (USD mn) 689,415.2 Dec 2022 quarterly Mar 1957 - Dec 2022
Georgia (USD mn) 8,105.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Germany (USD mn) 1,072,807.2 Mar 2023 quarterly Mar 1960 - Mar 2023
Ghana (USD mn) 19,263.7 Sep 2023 quarterly Mar 2006 - Sep 2023
Greece (USD mn) 50,731.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (USD mn) 94,469.6 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (USD mn) 42,734.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Iceland (USD mn) 7,161.1 Mar 2023 quarterly Mar 1995 - Mar 2023
India (USD mn) 873,666.0 Mar 2023 quarterly Jun 1996 - Mar 2023
Indonesia (USD mn) 328,642.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (USD mn) 429,426.7 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (USD mn) 133,294.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Israel (USD mn) 133,411.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Italy (USD mn) 538,664.9 Mar 2023 quarterly Mar 1980 - Mar 2023
Ivory Coast (USD mn) 11,011.3 Sep 2022 quarterly Mar 1997 - Sep 2022
Japan (USD mn) 991,864.7 Dec 2022 quarterly Mar 1957 - Dec 2022
Jordan (USD mn) 11,474.4 Mar 2023 quarterly Mar 1992 - Mar 2023
Kazakhstan (USD mn) 76,997.7 Dec 2022 quarterly Mar 1994 - Dec 2022
Kenya (USD mn) 26,869.9 Sep 2022 quarterly Mar 2009 - Sep 2022
South Korea (USD mn) 429,247.3 Mar 2023 quarterly Mar 1960 - Mar 2023
Kosovo (USD mn) 2,968.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Kuwait (USD mn) 27,984.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Kyrgyzstan (USD mn) 2,120.3 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (USD mn) 15,362.5 2022 yearly 1984 - 2022
Latvia (USD mn) 10,411.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Lebanon (USD mn) 63,482.3 2020 yearly 1997 - 2020
Lithuania (USD mn) 19,049.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Luxembourg (USD mn) 22,027.3 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (USD mn) 6,008.2 Dec 2022 quarterly Mar 1998 - Dec 2022
North Macedonia (USD mn) 3,828.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (USD mn) 10,862.6 2019 yearly 1960 - 2019
Malaysia (USD mn) 102,217.9 Dec 2022 quarterly Mar 1991 - Dec 2022
Malta (USD mn) 4,614.7 Mar 2023 quarterly Mar 1992 - Mar 2023
Mauritius (USD mn) 3,723.6 Dec 2022 quarterly Mar 1999 - Dec 2022
Mexico (USD mn) 372,043.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Moldova (USD mn) 3,863.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Mongolia (USD mn) 3,889.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Montenegro (USD mn) 1,835.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (USD mn) 33,460.2 Sep 2022 quarterly Mar 1990 - Sep 2022
Mozambique (USD mn) 15,777.0 2021 yearly 1963 - 2021
Myanmar (USD mn) 66,719.6 2018 yearly 2001 - 2018
Nepal (USD mn) 40,828.2 2022 yearly 2001 - 2022
Netherlands (USD mn) 272,109.1 Mar 2023 quarterly Mar 1988 - Mar 2023
New Zealand (USD mn) 58,483.4 Dec 2022 quarterly Jun 1987 - Dec 2022
Nigeria (USD mn) 111,302.5 Mar 2023 quarterly Mar 2010 - Mar 2023
Norway (USD mn) 133,727.8 Dec 2022 quarterly Mar 1978 - Dec 2022
Oman (USD mn) 27,116.8 Mar 2023 quarterly Mar 2005 - Mar 2023
Pakistan (USD mn) 341,308.8 2023 yearly 2000 - 2023
Palestinian Territory (USD mn) 4,747.2 Sep 2022 quarterly Mar 2000 - Sep 2022
Panama (USD mn) 18,056.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Paraguay (USD mn) 10,371.6 Sep 2022 quarterly Mar 1994 - Sep 2022
Peru (USD mn) 60,278.3 Mar 2023 quarterly Mar 1979 - Mar 2023
Philippines (USD mn) 112,472.0 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (USD mn) 188,184.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Portugal (USD mn) 60,609.1 Sep 2022 quarterly Mar 1995 - Sep 2022
Qatar (USD mn) 62,753.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Romania (USD mn) 84,896.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Russia (USD mn) 677,540.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (USD mn) 272,995.3 Dec 2022 quarterly Mar 2003 - Dec 2022
Serbia (USD mn) 17,095.0 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (USD mn) 120,606.6 Mar 2023 quarterly Mar 1975 - Mar 2023
Slovakia (USD mn) 31,651.0 Mar 2023 quarterly Mar 1995 - Mar 2023
Slovenia (USD mn) 15,628.1 Dec 2022 quarterly Mar 1995 - Dec 2022
South Africa (USD mn) 98,826.0 Sep 2022 quarterly Mar 1960 - Sep 2022
Spain (USD mn) 377,281.4 Mar 2023 quarterly Mar 1970 - Mar 2023
Sri Lanka (USD mn) 17,949.0 Sep 2022 quarterly Mar 2002 - Sep 2022
Sudan (USD mn) 30,863.0 2021 yearly 1960 - 2021
Sweden (USD mn) 145,310.7 Mar 2023 quarterly Mar 1980 - Mar 2023
Switzerland (USD mn) 201,987.0 Dec 2022 quarterly Mar 1980 - Dec 2022

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Kuwait Key Series

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Includes 180 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 (%) 11.5 2022 yearly 1989 - 2022
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 (%) 1.0 2022 yearly 1988 - 2022
National Government Debt (USD mn) 684.6 Dec 2023 monthly Dec 1993 - Dec 2023
Government Debt: % of GDP (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
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 (KWD mn) 18,245.900 2016 yearly 1989 - 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 Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Public Debt (KWD mn) 210.000 Dec 2023 monthly Dec 1993 - Dec 2023
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) 152,297.350 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) 3.945 Oct 2023 monthly Jan 1973 - Oct 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) 15,358.8 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance: % of GDP (%) 37.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Direct Investment (USD mn) 445.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment (USD mn) -224.952 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -0.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -99.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -28.282 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt (USD mn) 59,638.5 Sep 2023 quarterly Mar 2018 - Sep 2023
External Debt: % of GDP (%) 35.3 2022 yearly 2014 - 2022
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: FA: OT: Liabilities (KWD mn) 1,389.000 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: CA: Primary Income: Debit (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: 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: FA: Other Investments (OT) (KWD mn) -1,407.000 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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Sep 2023 quarterly Mar 2012 - Sep 2023
Household Debt: % of GDP (%) 0.5 Sep 2023 quarterly Dec 2010 - Sep 2023
Money Supply M1 (USD mn) 34,920.619 Dec 2023 monthly Jan 1994 - Dec 2023
Money Supply M2 (USD mn) 127,094.703 Dec 2023 monthly Jan 1994 - Dec 2023
M2 Growth (%) 1.0 Dec 2023 monthly Jan 1995 - Dec 2023
Foreign Exchange Reserves (USD mn) 42,350.9 Dec 2023 monthly Jan 1964 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 25.497 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 13.8 Sep 2023 quarterly Mar 1973 - Sep 2023
Gold Reserves (USD mn) 103.341 Dec 2023 monthly Dec 1961 - Dec 2023
Total Deposits (USD mn) 156,870.978 Nov 2023 monthly Jan 1994 - Nov 2023
Total Deposits Growth (%) 2.5 Nov 2023 monthly Jan 1995 - Nov 2023
Domestic Credit (USD mn) 127,635.9 Dec 2023 monthly Jan 1994 - Dec 2023
Domestic Credit Growth (%) 1.2 Nov 2023 monthly Jan 1995 - Nov 2023
Household Debt (USD mn) 951.9 Nov 2023 monthly Jan 2002 - Nov 2023
Total Loans (USD mn) 174,673.839 Dec 2023 monthly Jan 1994 - Dec 2023
Total Loans Growth (%) 2.16 Dec 2023 monthly Jan 1995 - Dec 2023
Private Debt: % of Nominal GDP (%) 100.05 Sep 2023 quarterly Dec 2010 - Sep 2023
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,643.100 Dec 2023 monthly Jan 1994 - Dec 2023
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,711.900 Dec 2023 monthly Jan 1994 - Dec 2023
Money Supply: M3 (KWD mn) 38,986.300 Dec 2023 monthly Jan 1994 - Dec 2023
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 38,986.300 Dec 2023 monthly Jan 1994 - Dec 2023
Local Banks Time Deposits (KWD mn) 64,423.500 Dec 2023 monthly Jan 1994 - Dec 2023

More Indicators for Kuwait

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