Kuwait: GDP, current U.S. dollars

* indicates monthly or quarterly data series

Gross Domestic Product, billions of U.S. dollars

 Latest value 175.36
 Year 2022
 Measure billion U.S. dollars
 Data availability 1965 - 2022
 Average 54.76
 Min - Max 2.10 - 175.36
 Source The World Bank
For that indicator, we provide data for Kuwait from 1965 to 2022. The average value for Kuwait during that period was 54.76 billion U.S. dollars with a minimum of 2.1 billion U.S. dollars in 1965 and a maximum of 175.36 billion U.S. dollars in 2022. The latest value from 2022 is 175.36 billion U.S. dollars. For comparison, the world average in 2022 based on 183 countries is 543.51 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Kuwait - GDP, current U.S. dollars - Recent values chart

Historical chart
Kuwait - GDP, current U.S. dollars - historical chart - 1965-2022

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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Real and nominal economic growth

 Related indicators Latest value Reference Measure
 Economic growth 8.86 2022 percent
 GDP, constant dollars 114.9 2022 billion U.S. dollars
 GDP, current U.S. dollars 175.36 2022 billion U.S. dollars
 GDP per capita, current dollars 41,079.52 2022 U.S. dollars
 GDP per capita, PPP 49,400 2022 U.S. dollars
 GDP per capita, constant dollars 26,913.80 2022 U.S. dollars
 Economic growth, quarterly -3.66 Q3/2023 percent
 Economic growth Q-on-Q 0.28 Q3/2023 percent
 Gross Domestic Product (GDP) 12.71 Q3/2023 billion
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