Kuwait: Household consumption, in dollars

The latest value from 2022 is 59.79 billion U.S. dollars, an increase from 57.4 billion U.S. dollars in 2021. In comparison, the world average is 338.87 billion U.S. dollars, based on data from 162 countries. Historically, the average for Kuwait from 1965 to 2022 is 19.77 billion U.S. dollars. The minimum value, 0.55 billion U.S. dollars, was reached in 1965 while the maximum of 59.79 billion U.S. dollars was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.