Kuwait's discrepancy in expenditure estimate of GDP (constant LCU) was 0.1 in 2024, the latest year in the World Bank's World Development Indicators. That is up 100.1% from -100 in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.1 | 2024 |
| Five years earlier | 0 | 2019 |
| Ten years earlier | -100 | 2014 |
| Highest | 100,000 | 2020 |
| Lowest | -155,100 | 2012 |
| Average since 2015 | 10,800 | 2015–2024 |
| First recorded | 3,800 | 2010 |
What the numbers say
In 2024, Kuwait's discrepancy in expenditure estimate of GDP (constant LCU) rose 0.28 on 2023 (from -0.19 to 0.1).
Across the 13 yearly changes before that (2011 to 2023), the average change was −292.32 and a typical year strayed about 97,985 from that (the standard deviation). This year's change was 0.0 standard deviations above 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 157,900 in 2013 and the biggest yearly fall was 247,300 in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% 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
In 2024, Kuwait had the 8th highest value of the 14 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Kuwait in the 2024 ranking
- Bahrain — 5th of 14: 43.22 million
- Bermuda — 6th of 14: 6.95 million
- Marshall Islands — 7th of 14: 2.18 million
- Cuba — 9th of 14: 0
- Timor-Leste — 10th of 14: -51
- Lebanon — 11th of 14: -57,700
What this measures
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.
All 15 values
| Year | Discrepancy in expenditure estimate of GDP (constant LCU) |
|---|---|
| 2024 | 0.099 |
| 2023 | -0.1858 |
| 2022 | 12,200 |
| 2021 | -4,300 |
| 2020 | 100,000 |
| 2019 | 0 |
| 2018 | -100 |
| 2017 | 0 |
| 2016 | -300 |
| 2015 | 500 |
| 2014 |
Discrepancy in expenditure estimate of GDP (constant LCU) in nearby economies
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)
Reading data like this
Questions people ask
- What is Kuwait's discrepancy in expenditure estimate of GDP (constant LCU)?
- 0.1 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 100% from 3,800 in 2010 (52.95% a year on average, compounded). The highest value was 100,000 in 2020 and the lowest -155,100 in 2012.
- How does Kuwait rank?
- 8th highest of 14 economies with data for 2024.
- Is the latest change in discrepancy in expenditure estimate of GDP (constant LCU) unusual for Kuwait?
- In 2024, Kuwait's discrepancy in expenditure estimate of GDP (constant LCU) rose 0.28 on 2023 (from -0.19 to 0.1). Across the 13 yearly changes before that (2011 to 2023), the average change was −292.32 and a typical year strayed about 97,985 from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.DISC.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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