Kuwait Nominal GDP Growth
2011 - 2023 | Quarterly | % | CEIC Data
Key information about Kuwait Nominal GDP Growth
- Kuwait Nominal GDP Growth was reported at -11.726 % in Sep 2023.
- This records an increase from the previous number of -19.311 % for Jun 2023.
- Kuwait Nominal GDP Growth data is updated quarterly, averaging 3.623 % from Mar 2011 to Sep 2023, with 51 observations.
- The data reached an all-time high of 62.530 % in Jun 2021 and a record low of -41.171 % in Jun 2020.
- Kuwait Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
- The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.
CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Central Statistical Bureau provides Nominal GDP in local currency.
View Kuwait's Nominal GDP Growth from Mar 2011 to Sep 2023 in the chart:
What was Kuwait's Nominal GDP Growth in Sep 2023?
Kuwait Nominal GDP Growth was reported at -11.726 % in Sep 2023. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -11.726 Sep 2023 | -19.311 Jun 2023 | -41.171 Jun 2020 | 62.530 Jun 2021 | % | quarterly | Mar 2011 - Sep 2023 |
Nominal GDP Growth by Country Comparison
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Includes Nominal GDP Growth on 114 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 7.894 Sep 2023 | quarterly | Mar 2009 - Sep 2023 |
| Algeria (%) | 9.089 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Argentina (%) | 169.925 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Armenia (%) | 9.822 Dec 2023 | quarterly | Dec 1995 - Dec 2023 |
| Australia (%) | 4.423 Dec 2023 | quarterly | Sep 1960 - Dec 2023 |
| Austria (%) | 6.545 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| Azerbaijan (%) | -11.065 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Bahrain (%) | 1.243 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Bangladesh (%) | 12.507 2022 | yearly | 2007 - 2022 |
| Belarus (%) | 13.678 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Belgium (%) | 3.901 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
| Bolivia (%) | 0.912 Sep 2023 | quarterly | Mar 1991 - Sep 2023 |
| Bosnia and Herzegovina (%) | 4.068 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Botswana (%) | -4.803 Dec 2023 | quarterly | Sep 1994 - Dec 2023 |
| Brazil (%) | 7.187 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Brunei (%) | -13.343 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Bulgaria (%) | 5.061 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Cambodia (%) | 9.523 2022 | yearly | 1994 - 2022 |
| Canada (%) | 3.973 Dec 2023 | quarterly | Mar 1958 - Dec 2023 |
| Chile (%) | 3.969 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| China (%) | 4.162 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Colombia (%) | 4.957 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Croatia (%) | 8.099 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Cyprus (%) | 6.785 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Czech Republic (%) | 6.200 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Denmark (%) | -2.051 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| Ecuador (%) | -1.089 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Egypt (%) | 36.681 Dec 2023 | quarterly | Sep 2002 - Dec 2023 |
| Estonia (%) | 2.955 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| European Union (%) | 5.666 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Finland (%) | 1.184 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| France (%) | 5.671 Dec 2023 | quarterly | Mar 1950 - Dec 2023 |
| Georgia (%) | 7.641 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Germany (%) | 6.266 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
| Ghana (%) | 39.349 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
| Greece (%) | 5.196 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Hong Kong SAR, China (%) | 8.548 Dec 2023 | quarterly | Mar 1974 - Dec 2023 |
| Hungary (%) | 13.247 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Iceland (%) | 6.613 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| India (%) | 10.075 Dec 2023 | quarterly | Jun 1997 - Dec 2023 |
| Indonesia (%) | 3.671 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Iran (%) | 36.289 Sep 2023 | quarterly | Jun 1989 - Sep 2023 |
| Ireland (%) | -5.150 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Israel (%) | -0.107 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Italy (%) | 4.615 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
| Ivory Coast (%) | 681.695 Mar 2023 | quarterly | Mar 1998 - Mar 2023 |
| Japan (%) | 5.357 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
| Jordan (%) | 4.082 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Kazakhstan (%) | 11.192 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
| Kenya (%) | 11.651 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
| South Korea (%) | 5.780 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
| Kosovo (%) | 9.548 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Kuwait (%) | -11.726 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
| Kyrgyzstan (%) | 18.207 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Laos (%) | 16.562 2022 | yearly | 1985 - 2022 |
| Latvia (%) | 5.716 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| Lebanon (%) | 19.333 2020 | yearly | 1998 - 2020 |
| Lithuania (%) | 4.718 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Luxembourg (%) | 1.823 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Macau SAR, China (%) | 99.802 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| North Macedonia (%) | 7.165 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Malawi (%) | 10.386 2021 | yearly | 2003 - 2021 |
| Malaysia (%) | 1.911 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Malta (%) | 9.267 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Mauritius (%) | 13.075 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Mexico (%) | 8.034 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Moldova (%) | 11.774 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Mongolia (%) | 24.672 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Montenegro (%) | 10.574 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Morocco (%) | 6.729 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Mozambique (%) | 11.040 2022 | yearly | 1964 - 2022 |
| Nepal (%) | 13.427 2022 | yearly | 2002 - 2022 |
| Netherlands (%) | 6.236 Dec 2023 | quarterly | Mar 1989 - Dec 2023 |
| New Zealand (%) | 3.784 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
| Nigeria (%) | 16.080 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
| Norway (%) | -3.659 Dec 2023 | quarterly | Mar 1979 - Dec 2023 |
| Oman (%) | -10.834 Jun 2023 | quarterly | Mar 2006 - Jun 2023 |
| Pakistan (%) | 19.992 2022 | yearly | 2001 - 2022 |
| Palestinian Territory (%) | -30.860 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Panama (%) | 7.326 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Paraguay (%) | 5.865 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
| Peru (%) | 5.953 Dec 2022 | quarterly | Mar 1991 - Dec 2022 |
| Philippines (%) | 9.280 Dec 2023 | quarterly | Mar 1982 - Dec 2023 |
| Poland (%) | 6.938 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Portugal (%) | 10.841 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Qatar (%) | -15.018 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
| Romania (%) | 14.314 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Russia (%) | 15.443 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
| Saudi Arabia (%) | -0.728 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Serbia (%) | 12.351 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| Singapore (%) | 2.511 Dec 2023 | quarterly | Mar 1976 - Dec 2023 |
| Slovakia (%) | 11.483 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Slovenia (%) | 11.395 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| South Africa (%) | 5.946 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
| Spain (%) | 7.081 Dec 2023 | quarterly | Mar 1971 - Dec 2023 |
| Sri Lanka (%) | 11.992 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Sudan (%) | 103.797 2020 | yearly | 1961 - 2020 |
| Sweden (%) | 3.373 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
| Switzerland (%) | 4.113 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Syria (%) | 50.215 2021 | yearly | 1971 - 2021 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 11.7 2022 | yearly | 1988 - 2022 |
| Consolidated Fiscal Balance (USD mn) | 20,955.438 2022 | yearly | 1988 - 2022 |
| Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
| Tax Revenue: % of GDP (%) | 1.0 2022 | yearly | 1986 - 2022 |
| National Government Debt (USD mn) | 682.8 Jan 2024 | monthly | Dec 1993 - Jan 2024 |
| 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) | -1,092.520 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 347.935 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 821.421 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Revenue: ytd: Non Oil (KWD mn) | 1,452.022 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Revenue: ytd (KWD mn) | 17,803.518 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Expenditure: ytd: Current (KWD mn) | 18,074.618 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Expenditure: ytd (KWD mn) | 18,896.039 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
| Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
| Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 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 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) | 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) | 4.443 Dec 2023 | monthly | Jan 1973 - Dec 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) | 4,557.2 Sep 2023 | quarterly | Mar 2012 - Sep 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) | 196.3 Sep 2023 | quarterly | Mar 2012 - Sep 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: 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: Portfolio Investment: Assets (KWD mn) | -1,260.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Liabilities (KWD mn) | 1,389.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Other Investments (OT) (KWD mn) | -1,407.000 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: 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: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| Number of Investment Companies (Unit) | 41.000 Dec 2022 | monthly | Mar 2005 - Dec 2022 |
| 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) | 34,098.521 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| Money Supply M2 (USD mn) | 126,586.246 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| M2 Growth (%) | -0.6 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Foreign Exchange Reserves (USD mn) | 41,142.5 Jan 2024 | monthly | Jan 1964 - Jan 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 25.497 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 13.6 Dec 2023 | quarterly | Mar 1973 - Dec 2023 |
| Gold Reserves (USD mn) | 103.073 Jan 2024 | monthly | Dec 1961 - Jan 2024 |
| Total Deposits (USD mn) | 157,920.013 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| Total Deposits Growth (%) | 2.9 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Domestic Credit (USD mn) | 128,049.4 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| Domestic Credit Growth (%) | 0.2 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Household Debt (USD mn) | 2,157.4 Jan 2024 | monthly | Jan 2002 - Jan 2024 |
| Total Loans (USD mn) | 175,098.033 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| Total Loans Growth (%) | 2.65 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Private Debt: % of Nominal GDP (%) | 100.05 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
More Indicators for Kuwait
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National Accounts
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Gross Domestic Product: Nominal
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Gross Domestic Product: Share of GDP