Kuwait: Adjusted net national income (constant 2015 US$)

Key figures

Over five years it is down 12.89% from US$140.93 billion in 2014 (2.72% a year on average, compounded). Since 2010 it is up 7.38% from US$114.33 billion in 2010 (0.79% a year on average, compounded).

What the numbers say

In 2019, Kuwait's adjusted net national income (constant 2015 US$) fell 0.8% on 2018 (from US$123.78 billion to US$122.76 billion).

Across the 8 yearly changes before that (2011 to 2018), the average change was +1.8% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 17.8% in 2011 and the biggest yearly fall was 24.3% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2010 to 2019 there is no clear straight-line trend: a straight line explains 14% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to Kuwait in the 2019 ranking

• Cuba — 2nd of 2: US$79.57 billion

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 10 values

Adjusted net national income (constant 2015 US$) in nearby economies

• Algeria — US$137.38 billion (2021)
• Bahrain — US$23.69 billion (2020)
• Egypt, Arab Rep. — US$343.75 billion (2021)
• Iran, Islamic Rep. — US$310.97 billion (2021)
• Iraq — US$162.54 billion (2021)
• Israel — US$324.03 billion (2021)
• Lebanon — US$24.09 billion (2021)
• Libya — US$52.68 billion (2021)
• Morocco — US$111.22 billion (2021)
• Oman

More economic policy & debt data for Kuwait

• Total reserves, including gold (current US$) — US$51.74 billion (2025)
• Total reserves, excluding gold (current US$) — US$40.65 billion (2025)
• GDP (current US$) — US$157.21 billion (2025)
• GDP (current LCU) — 48.18 billion (2025)
• GDP per capita (current US$) — US$32,312 (2025)
• GDP per capita (current LCU) — 9,902 (2025)
• GNI (current US$) — US$193.99 billion (2024)
• GNI (current LCU) — 59.49 billion (2024)
• GNI per capita (current LCU) — 12,148 (2024)
• General government final consumption expenditure (current US$) — US$41.5 billion (2024)

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Questions people ask

What is Kuwait's adjusted net national income (constant 2015 US$)?

US$122.76 billion in 2019, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 7.38% from US$114.33 billion in 2010 (0.79% a year on average, compounded). The highest value was US$148.2 billion in 2013 and the lowest US$101.34 billion in 2016.

Is the latest change in adjusted net national income (constant 2015 US$) unusual for Kuwait?

In 2019, Kuwait's adjusted net national income (constant 2015 US$) fell 0.8% on 2018 (from US$123.78 billion to US$122.76 billion). Across the 8 yearly changes before that (2011 to 2018), the average change was +1.8% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.KD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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