Kuwait: Oil revenue
* indicates monthly or quarterly data series
| Kuwait |
Revenue minus production cost of oil, percent of GDP |
|---|---|
| Latest value | 27.58 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1970 - 2020 |
| Average | 42.65 |
| Min - Max | 13.22 - 70.81 |
| Source | The World Bank |
The latest value from 2020 is 27.58 percent, a decline from 38.66 percent in 2019. In comparison, the world average is 1.59 percent, based on data from 183 countries. Historically, the average for Kuwait from 1970 to 2020 is 42.65 percent. The minimum value, 13.22 percent, was reached in 1991 while the maximum of 70.81 percent was recorded in 1974.
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Definition: Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Gasoline prices | 0.35 | 2016 | dollars |
| Diesel prices | 0.31 | 2016 | dollars |
| Energy use per capita | 9,006.50 | 2014 | kilograms of oil equivalent |
| Share of clean energy | 0.10 | 2021 | percent |
| Carbon intensity | 0.50 | 2023 | kg of CO2 per dollar of GDP |
| Energy use per $1000 GDP | 158.40 | 2014 | kilograms of oil equivalent |
| Electricity from renewable sources, kWh | 0.00 | 2015 | million kWh |
| Carbon dioxide (CO2) emissions | 112 | 2023 | Mt CO2 eq |
| Carbon dioxide (CO2) emissions per capita | 23.00 | 2023 | metric tons of carbon dioxide equivalent per capita |
| Greenhouse gas emissions | 135,897 | 2020 | kt of CO2 equivalent |
| GDP per unit of energy | 7.39 | 2014 | GDP per kg of oil equivalent |
| Energy imports | -391.06 | 2014 | percent |
| Natural resources income | 29.28 | 2020 | percent |
| Oil revenue | 27.58 | 2020 | percent |
| Natural gas revenue | 1.70 | 2020 | percent |
| Access to electricity | 100.00 | 2022 | percent |