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 3.274 % 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 -40.203 % 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:

Kuwait Nominal GDP Growth

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 -40.203 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 (%) 8.629 Jun 2023 quarterly Mar 2009 - Jun 2023
Algeria (%) 9.089 Mar 2023 quarterly Mar 2000 - Mar 2023
Argentina (%) 130.642 Sep 2023 quarterly Mar 1994 - Sep 2023
Armenia (%) 9.822 Dec 2023 quarterly Dec 1995 - Dec 2023
Australia (%) 3.629 Jun 2023 quarterly Sep 1960 - Jun 2023
Austria (%) 6.545 Jun 2023 quarterly Mar 1996 - Jun 2023
Azerbaijan (%) -12.187 Sep 2023 quarterly Mar 2002 - Sep 2023
Bahrain (%) 1.243 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 12.507 2022 yearly 2007 - 2022
Belarus (%) 11.754 Sep 2023 quarterly Mar 1995 - Sep 2023
Belgium (%) 3.901 Dec 2023 quarterly Mar 1981 - Dec 2023
Bolivia (%) 0.912 Sep 2023 quarterly Mar 1991 - Sep 2023
Bosnia and Herzegovina (%) 4.974 Sep 2023 quarterly Mar 2009 - Sep 2023
Botswana (%) 8.493 Jun 2023 quarterly Sep 1994 - Jun 2023
Brazil (%) 7.628 Dec 2023 quarterly Mar 1991 - Dec 2023
Brunei (%) -13.343 Sep 2023 quarterly Mar 2005 - Sep 2023
Bulgaria (%) 3.453 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 (%) 5.389 Sep 2023 quarterly Mar 1991 - Sep 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 (%) 5.774 Dec 2023 quarterly Mar 1996 - Dec 2023
Denmark (%) -0.670 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 1.013 Sep 2023 quarterly Mar 1992 - Sep 2023
Egypt (%) 32.213 Jun 2023 quarterly Sep 2002 - Jun 2023
Estonia (%) 2.955 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) 5.818 Sep 2023 quarterly Mar 1996 - Sep 2023
Finland (%) 4.091 Sep 2023 quarterly Mar 1991 - Sep 2023
France (%) 5.671 Dec 2023 quarterly Mar 1950 - Dec 2023
Georgia (%) 8.630 Sep 2023 quarterly Mar 1997 - Sep 2023
Germany (%) 6.266 Dec 2023 quarterly Mar 1961 - Dec 2023
Ghana (%) 39.349 Sep 2023 quarterly Mar 2007 - Sep 2023
Greece (%) 8.290 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 8.548 Dec 2023 quarterly Mar 1974 - Dec 2023
Hungary (%) 13.934 Jun 2023 quarterly Mar 1996 - Jun 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 (%) 40.397 Jun 2023 quarterly Jun 1989 - Jun 2023
Ireland (%) -5.150 Dec 2023 quarterly Mar 1996 - Dec 2023
Israel (%) 0.307 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 (%) 5.076 Dec 2023 quarterly Mar 1981 - Dec 2023
Jordan (%) 4.394 Sep 2023 quarterly Mar 1993 - Sep 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 (%) 7.976 Sep 2023 quarterly Mar 2011 - Sep 2023
Kuwait (%) -11.726 Sep 2023 quarterly Mar 2011 - Sep 2023
Kyrgyzstan (%) 33.304 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 (%) 5.166 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) 4.329 Jun 2023 quarterly Mar 1996 - Jun 2023
Macau SAR, China (%) 99.802 Dec 2023 quarterly Mar 1999 - Dec 2023
North Macedonia (%) 8.636 Jun 2023 quarterly Mar 2001 - Jun 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 (%) 10.787 Sep 2023 quarterly Mar 2000 - Sep 2023
Mexico (%) 8.034 Dec 2023 quarterly Mar 1994 - Dec 2023
Moldova (%) 4.255 Sep 2023 quarterly Mar 1996 - Sep 2023
Mongolia (%) 24.672 Dec 2023 quarterly Mar 2001 - Dec 2023
Montenegro (%) 16.198 Sep 2023 quarterly Mar 2011 - Sep 2023
Morocco (%) 6.831 Jun 2023 quarterly Mar 2008 - Jun 2023
Mozambique (%) 11.040 2022 yearly 1964 - 2022
Nepal (%) 13.427 2022 yearly 2002 - 2022
Netherlands (%) 6.139 Dec 2023 quarterly Mar 1989 - Dec 2023
New Zealand (%) 5.704 Sep 2023 quarterly Jun 1988 - Sep 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 (%) -2.412 Sep 2023 quarterly Mar 2001 - Sep 2023
Panama (%) 9.468 Sep 2023 quarterly Mar 2008 - Sep 2023
Paraguay (%) 4.829 Sep 2023 quarterly Mar 1995 - Sep 2023
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 9.285 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 (%) 12.252 Sep 2023 quarterly Mar 1996 - Sep 2023
Russia (%) 15.443 Sep 2023 quarterly Mar 1994 - Sep 2023
Saudi Arabia (%) -10.363 Jun 2023 quarterly Mar 2004 - Jun 2023
Serbia (%) 12.351 Jun 2023 quarterly Mar 1996 - Jun 2023
Singapore (%) 2.511 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) 11.238 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 9.157 Sep 2023 quarterly Mar 1996 - Sep 2023
South Africa (%) 3.976 Sep 2023 quarterly Mar 1961 - Sep 2023
Spain (%) 7.162 Dec 2023 quarterly Mar 1971 - Dec 2023
Sri Lanka (%) 4.863 Sep 2023 quarterly Mar 2003 - Sep 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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Kuwait Key Series

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Includes 176 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 1988 - 2022
Consolidated Fiscal Balance (USD mn) 20,745.883 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 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) -1,727.605 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 333.812 Dec 2023 monthly Apr 2018 - Dec 2023
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 715.857 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: ytd: Non Oil (KWD mn) 1,170.418 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: ytd (KWD mn) 15,445.426 Dec 2023 monthly Apr 2018 - Dec 2023
Government Expenditure: ytd: Current (KWD mn) 16,457.174 Dec 2023 monthly Apr 2018 - Dec 2023
Government Expenditure: ytd (KWD mn) 17,173.031 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Expenditure (KWD mn) 18,245.900 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
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 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) 4.977 Nov 2023 monthly Jan 1973 - Nov 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: 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: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 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: 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: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 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: 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
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) 34,920.619 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) 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) 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

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