Kuwait Private Consumption: % of GDP

1962 - 2024 | Yearly | % | CEIC Data

Key information about Kuwait Private Consumption: % of GDP

  • Kuwait Private Consumption accounted for 41.6 % of its Nominal GDP in Dec 2024, compared with a ratio of 38.3 % in the previous year.
  • Kuwait Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1962 to Dec 2024, with an average share of 44.6 %.
  • The data reached an all-time high of 93.3 % in Dec 1991 and a record low of 14.8 % in Dec 1974.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. Central Statistical Bureau provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Kuwait Private Consumption: % of GDP

  • In the latest reports, Kuwait GDP expanded 0.4 % YoY in Sep 2025.
  • Its Nominal GDP reached 37.7 USD bn in Jun 2025.
  • Kuwait GDP Per Capita reached 32,121.1 USD in Dec 2024.
  • Its Gross Savings Rate was measured at 36.6 % in Dec 2024.

View Kuwait's Private Consumption: % of GDP from 1962 to 2024 in the chart:

Kuwait Private Consumption: % of GDP

What was Kuwait's Private Consumption: % of GDP in 2024?

Kuwait Private Consumption accounted for 41.6 % of its Nominal GDP in Dec 2024, compared with a ratio of 38.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
41.6 2024 38.3 2023 14.8 1974 93.3 1991 % yearly 1962 - 2024

Private Consumption: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 70.4 Jun 2025 quarterly Mar 1995 - Jun 2025
Algeria (%) 41.3 2024 yearly 1950 - 2024
Argentina (%) 67.7 Dec 2025 quarterly Mar 1993 - Dec 2025
Armenia (%) 64.6 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) 52.0 Dec 2025 quarterly Sep 1959 - Dec 2025
Austria (%) 51.2 Mar 2026 quarterly Mar 1988 - Mar 2026
Azerbaijan (%) 57.9 Jun 2025 quarterly Mar 2001 - Jun 2025
Bahrain (%) 39.8 2024 yearly 1975 - 2024
Bangladesh (%) 72.2 2025 yearly 1973 - 2025
Belarus (%) 53.5 Dec 2025 quarterly Mar 1994 - Dec 2025
Belgium (%) 51.4 Mar 2026 quarterly Mar 1980 - Mar 2026
Bolivia (%) 79.6 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 65.3 Dec 2025 quarterly Mar 2000 - Dec 2025
Botswana (%) 47.1 Dec 2025 quarterly Mar 2006 - Dec 2025
Brazil (%) 63.2 Mar 2026 quarterly Mar 1996 - Mar 2026
Brunei (%) 31.4 Dec 2025 quarterly Mar 2004 - Dec 2025
Bulgaria (%) 56.7 Jun 2025 quarterly Mar 1995 - Jun 2025
Cambodia (%) 60.8 2022 yearly 1993 - 2022
Canada (%) 55.8 Dec 2025 quarterly Mar 1961 - Dec 2025
Chile (%) 58.5 Sep 2025 quarterly Mar 1996 - Sep 2025
China (%) 40.0 2024 yearly 1952 - 2024
Colombia (%) 72.8 Mar 2026 quarterly Mar 2005 - Mar 2026
Croatia (%) 60.1 Dec 2025 quarterly Mar 1995 - Dec 2025
Cyprus (%) 60.0 Mar 2026 quarterly Mar 1995 - Mar 2026
Czech Republic (%) 46.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 45.2 Mar 2026 quarterly Mar 1990 - Mar 2026
Ecuador (%) 64.1 Jun 2025 quarterly Mar 1991 - Jun 2025
Egypt (%) 94.1 Dec 2025 quarterly Sep 2001 - Dec 2025
Estonia (%) 52.5 Dec 2025 quarterly Mar 1993 - Dec 2025
European Union (%) 51.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Finland (%) 49.9 Dec 2025 quarterly Mar 1975 - Dec 2025
France (%) 54.5 Mar 2026 quarterly Mar 1980 - Mar 2026
Georgia (%) 73.3 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 51.9 Mar 2026 quarterly Mar 1991 - Mar 2026
Ghana (%) 79.7 2025 yearly 2006 - 2025
Greece (%) 68.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (%) 66.0 Dec 2025 quarterly Mar 1973 - Dec 2025
Hungary (%) 53.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Iceland (%) 49.1 Mar 2026 quarterly Mar 1995 - Mar 2026
India (%) 58.1 Mar 2026 quarterly Jun 1996 - Mar 2026
Indonesia (%) 55.8 Mar 2026 quarterly Mar 1993 - Mar 2026
Iran (%) 55.2 Jun 2025 quarterly Jun 1988 - Jun 2025
Ireland (%) 30.2 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 47.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Italy (%) 58.7 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) 67.4 2024 yearly 1960 - 2024
Japan (%) 52.3 Mar 2026 quarterly Mar 1955 - Mar 2026
Jordan (%) 73.6 2023 yearly 1962 - 2023
Kazakhstan (%) 54.6 Jun 2025 quarterly Mar 1994 - Jun 2025
Kenya (%) 76.3 2025 yearly 1969 - 2025
South Korea (%) 44.6 Mar 2026 quarterly Mar 1960 - Mar 2026
Kosovo (%) 88.2 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (%) 41.6 2024 yearly 1962 - 2024
Kyrgyzstan (%) 90.7 Dec 2025 quarterly Mar 2000 - Dec 2025
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 53.8 Dec 2025 quarterly Mar 1995 - Dec 2025
Lebanon (%) 110.7 2024 yearly 2004 - 2024
Lithuania (%) 53.3 Sep 2025 quarterly Mar 1993 - Sep 2025
Luxembourg (%) 33.8 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 28.7 Dec 2025 quarterly Mar 1998 - Dec 2025
North Macedonia (%) 68.5 Jun 2025 quarterly Mar 2000 - Jun 2025
Malawi (%) 85.2 2023 yearly 1960 - 2023
Malaysia (%) 61.9 Mar 2026 quarterly Mar 1991 - Mar 2026
Malta (%) 45.0 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 71.6 Dec 2025 quarterly Mar 1999 - Dec 2025
Mexico (%) 70.8 Dec 2025 quarterly Mar 1993 - Dec 2025
Moldova (%) 85.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Mongolia (%) 51.2 Mar 2026 quarterly Mar 2010 - Mar 2026
Montenegro (%) 87.4 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (%) 58.0 Dec 2025 quarterly Mar 2007 - Dec 2025
Mozambique (%) 73.9 2024 yearly 1969 - 2024
Nepal (%) 86.2 2025 yearly 1975 - 2025
Netherlands (%) 43.2 Mar 2026 quarterly Mar 1977 - Mar 2026
New Zealand (%) 57.3 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (%) 47.0 2024 yearly 1981 - 2024
Norway (%) 40.2 Mar 2026 quarterly Mar 1978 - Mar 2026
Oman (%) 39.1 2024 yearly 1980 - 2024
Pakistan (%) 83.6 2025 yearly 1967 - 2025
Palestinian Territory (%) 86.3 Dec 2025 quarterly Mar 2011 - Dec 2025
Panama (%) 47.3 2023 yearly 1996 - 2023
Paraguay (%) 66.4 Dec 2025 quarterly Mar 1994 - Dec 2025
Peru (%) 57.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Philippines (%) 78.6 Mar 2026 quarterly Mar 1981 - Mar 2026
Poland (%) 62.7 Mar 2026 quarterly Mar 1995 - Mar 2026
Portugal (%) 63.6 Mar 2026 quarterly Mar 1995 - Mar 2026
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 64.3 Dec 2025 quarterly Mar 1995 - Dec 2025
Russia (%) 47.4 Dec 2025 quarterly Mar 1993 - Dec 2025
Saudi Arabia (%) 45.5 Dec 2025 quarterly Mar 2003 - Dec 2025
Serbia (%) 66.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Singapore (%) 31.1 2025 yearly 1960 - 2025
Slovakia (%) 58.5 Jun 2025 quarterly Mar 1993 - Jun 2025
Slovenia (%) 52.6 Dec 2025 quarterly Mar 1995 - Dec 2025
South Africa (%) 68.0 Dec 2025 quarterly Mar 1960 - Dec 2025
Spain (%) 58.0 Mar 2026 quarterly Mar 1980 - Mar 2026
Sri Lanka (%) 65.0 Dec 2025 quarterly Mar 2010 - Dec 2025
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 45.8 Mar 2026 quarterly Mar 1980 - Mar 2026
Switzerland (%) 49.9 Mar 2026 quarterly Mar 1980 - Mar 2026
Syria (%) 114.8 2022 yearly 1970 - 2022

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Kuwait Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.1 2024 yearly 1988 - 2024
Consolidated Fiscal Balance (USD mn) -20,623.986 2025 yearly 1988 - 2025
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.3 2025 yearly 1986 - 2025
National Government Debt (USD mn) 9,943.0 Apr 2026 monthly Dec 1993 - Apr 2026
Government Debt: % of GDP (%) 4.7 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (KWD bn) 29.604 2031 yearly 1985 - 2031
Forecast: Government Net Debt (KWD bn) 23.230 2031 yearly 1991 - 2031
Forecast: Government Revenue (KWD bn) 47.224 2031 yearly 1985 - 2031
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,134.847 Mar 2025 monthly Apr 2018 - Mar 2025
Government Expenditure: ytd: Current (KWD mn) 21,978.132 Mar 2025 monthly Apr 2018 - Mar 2025
Government Expenditure: ytd (KWD mn) 23,112.979 Mar 2025 monthly Apr 2018 - Mar 2025
Government Surplus/Deficit (KWD mn) -6,306.500 2026 yearly 1989 - 2026
Public Debt (KWD mn) 3,050.000 Apr 2026 monthly Dec 1993 - Apr 2026
Government Fiscal Balance: ytd (KWD mn) -1,561.505 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 550.910 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil (KWD mn) 2,116.770 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd (KWD mn) 23,644.325 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 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: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,929.4 Feb 2026 monthly Jan 1993 - Feb 2026
Total Exports (USD mn) 5,437.9 Feb 2026 monthly Jan 1993 - Feb 2026
Total Exports Growth (%) -7.2 Feb 2026 monthly Jan 1994 - Feb 2026
Aluminum: Exports (USD th) 50,049.855 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 347,503.397 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 4,176.130 2024 yearly 1995 - 2024
Total Imports (USD mn) 3,508.5 Feb 2026 monthly Jan 1992 - Feb 2026
Total Imports Growth (%) 12.8 Feb 2026 monthly Jan 1993 - Feb 2026
Imports: Medicament (USD th) 1,308,449.500 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 650,043.407 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 2.331 Feb 2026 monthly Sep 1991 - Feb 2026
Total Imports from USA (USD mn) 212.800 Feb 2026 monthly Jan 2017 - Feb 2026
Total Exports to China (USD mn) 50.764 Feb 2026 monthly Jan 2017 - Feb 2026
Total Imports from China (USD mn) 743.476 Feb 2026 monthly Jan 2017 - Feb 2026
Exports: FOB: Growth Rate: YoY (%) -7.203 Feb 2026 monthly Apr 2020 - Feb 2026
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
Export Value Index (2015=100) 156.100 2023 yearly 1980 - 2023
Import Value Index (2015=100) 121.300 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -2,936.2 Dec 2025 quarterly Mar 2012 - Dec 2025
Current Account Balance (USD mn) 7,200.8 Dec 2025 quarterly Mar 2012 - Dec 2025
Current Account Balance: % of GDP (%) 18.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Direct Investment (USD mn) 39.6 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Direct Investment: % of GDP (%) 0.1 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment (USD mn) 14,960.907 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 38.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 2,973.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 11,987.443 Dec 2025 quarterly Mar 2012 - Dec 2025
External Debt (USD mn) 94,837.9 Dec 2025 quarterly Mar 2018 - Dec 2025
External Debt: % of GDP (%) 60.1 2025 yearly 2014 - 2025
Forecast: Current Account Balance (USD bn) 28.640 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 100,998.363 2025 yearly 2001 - 2025
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: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: 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: 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: CA: Primary Income: Debit (KWD mn) 0.000 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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Dec 2025 quarterly Mar 2011 - Dec 2025
Household Debt: % of GDP (%) 1.1 Dec 2025 quarterly Dec 2010 - Dec 2025
Money Supply M1 (USD mn) 36,744.254 Apr 2026 monthly Jan 1994 - Apr 2026
Money Supply M2 (USD mn) 139,733.007 Apr 2026 monthly Jan 1994 - Apr 2026
M2 Growth (%) 2.2 Apr 2026 monthly Jan 1995 - Apr 2026
Foreign Exchange Reserves (USD mn) 33,729.2 Apr 2026 monthly Jan 1964 - Apr 2026
Foreign Exchange Reserves: % of GDP (%) 22.581 Dec 2025 quarterly Dec 2010 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 9.2 Dec 2025 quarterly Mar 1973 - Dec 2025
Gold Reserves (USD mn) 103.341 Apr 2026 monthly Dec 1961 - Apr 2026
Total Deposits (USD mn) 201,897.311 Apr 2026 monthly Jan 1994 - Apr 2026
Total Deposits Growth (%) 10.1 Apr 2026 monthly Jan 1995 - Apr 2026
Domestic Credit (USD mn) 156,494.2 Apr 2026 monthly Jan 1994 - Apr 2026
Domestic Credit Growth (%) 12.6 Apr 2026 monthly Jan 1995 - Apr 2026
Household Debt (USD mn) 1,821.0 Apr 2026 monthly Jan 2002 - Apr 2026
Total Loans (USD mn) 177,007.335 Apr 2026 monthly Jan 1994 - Apr 2026
Total Loans Growth (%) 6.70 Apr 2026 monthly Jan 1995 - Apr 2026
Private Debt: % of Nominal GDP (%) 106.68 Dec 2025 quarterly Dec 2010 - Dec 2025
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 42,863.100 Apr 2026 monthly Jan 1994 - Apr 2026
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,857.200 Apr 2026 monthly Jan 1994 - Apr 2026
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 11,271.300 Apr 2026 monthly Jan 1994 - Apr 2026
Money Supply: M3 (KWD mn) 42,863.100 Apr 2026 monthly Jan 1994 - Apr 2026
Local Banks Time Deposits (KWD mn) 78,371.800 Apr 2026 monthly Jan 1994 - Apr 2026

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