Kuwait's final consumption expenditure (% of GDP) was 67.38% in 2024, the latest year in the World Bank's World Development Indicators. That is up 20.64 percentage points from 46.74% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 67.38% | 2024 |
| Five years earlier | 64.57% | 2019 |
| Ten years earlier | 46.74% | 2014 |
| Highest | 169.23% | 1991 |
| Lowest | 22.11% | 1974 |
| Average since 2015 | 65.53% | 2015–2024 |
| First recorded | 39.65% | 1965 |
What the numbers say
In 2024, Kuwait's final consumption expenditure (% of GDP) rose 4.51 percentage points on 2023 (from 62.87% to 67.38%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.55 percentage points and a typical year strayed about 8.51 percentage points from that (the standard deviation). This year's change was 0.6 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 73.73 percentage points in 1991 and the biggest yearly fall was 75.35 percentage points in 1992. 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 9% 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 29th highest value of the 36 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
- Maldives — 25th of 36: 69.25%
- Iraq — 26th of 36: 68.59%
- Faroe Islands — 27th of 36: 68.47%
- Aruba — 29th of 36: 67.04%
- Kazakhstan — 30th of 36: 63.07%
- Panama — 31st of 36: 61.42%
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 60 values
| Year | Final consumption expenditure (% of GDP) |
|---|---|
| 2024 | 67.38 |
| 2023 | 62.87 |
| 2022 | 53.47 |
| 2021 | 64.08 |
| 2020 | 75.93 |
| 2019 | 64.57 |
| 2018 | 62.62 |
| 2017 | 67.72 |
| 2016 | 70.93 |
| 2015 | 65.74 |
| 2014 |
Final consumption expenditure (% of GDP) 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 final consumption expenditure (% of GDP)?
- 67.38% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is up 27.72 percentage points from 39.65% in 1965. The highest value was 169.23% in 1991 and the lowest 22.11% in 1974.
- How does Kuwait rank?
- 29th highest of 36 economies with data for 2024.
- Is the latest change in final consumption expenditure (% of GDP) unusual for Kuwait?
- In 2024, Kuwait's final consumption expenditure (% of GDP) rose 4.51 percentage points on 2023 (from 62.87% to 67.38%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.55 percentage points and a typical year strayed about 8.51 percentage points from that (the standard deviation). This year's change was 0.6 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 NE.CON.TOTL.ZS, 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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