Kuwait: Economic growth, quarterly

* indicates monthly or quarterly data series
 Kuwait

Economic growth, percent change in quarterly real GDP

 Latest value -3.66
 Reference Q3 2023
 Measure percent
 Data availability Q1 2011 - Q3 2023
 Average 1.43
 Min - Max -11.79 - 16.48
 Source Kuwait Central Statistical Bureau
The latest data from Q3 2023 show economic growth of -3.66 percent, which is a decrease from the rate of growth of -3.21 percent in the previous quarter and a decrease compared to the growth rate of 4.84 percent in the same quarter last year. The economic growth time series for Kuwait cover the period from Q1 2011 to Q3 2023. During that time span, the average growth rate for Kuwait was 1.43 percent. The lowest rate of growth of -11.79 percent was recorded in Q2 2020 while the highest growth rate was 16.48 percent in Q3 2011. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series


Recent values chart
Kuwait - Economic growth, quarterly  - recent values

Historical chart
Kuwait - Economic growth, quarterly  - historical chart - 2011-2023
Measure: percent
Source: Kuwait Central Statistical Bureau


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 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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