Kuwait 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$163.88 billion
↑ 0.10% vs 2023GDP per Capita
$33,765.09
↑ 0.10% vs 2023GDP Growth (Annual %)
0.10%
↑ 3.75pp vs 2023Inflation Rate (CPI %)
2.90%
↓ 0.74pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $163.70 billion | $163.88 billion | +0.10% |
| GDP per Capita | $33,729.80 | $33,765.09 | +0.10% |
| GDP Growth (Annual %) | -3.64% | 0.10% | +3.75pp |
| Inflation (CPI %) | 3.64% | 2.90% | -0.74pp |
| Unemployment Rate (%) | 2.13% | 2.14% | +0.02pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $163.88 billion
- GDP per Capita
- $33,765.09
- GDP Growth (Annual %)
- 0.10%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.90%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 2.14%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Kuwait's Gross Domestic Product (GDP) is $163.88 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Kuwait for 2024 is $33,765.09. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Kuwait for 2024 is 2.90%. This measures the annual percentage change in the cost of consumer goods and services.
Kuwait's annual GDP growth rate for 2024 is 0.10%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Kuwait for 2024 is 2.14%. This represents the percentage of the labor force that is unemployed and actively seeking employment.