Kuwait: GNI, PPP (current international $)

Key figures

What the numbers say

In 2024, Kuwait's GNI, PPP (current international $) rose 1.9% on 2023 (from 307.9 billion to 313.63 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +4.7% and a typical year strayed about 11.1% from that (the standard deviation). This year's change was 0.3 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 58.5% in 1992 and the biggest yearly fall was 36% in 1991. 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 the straight-line trend is upward, about 13.48 billion a year. A straight line explains 81% of the movement over 10 observed years.

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 2nd 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

• United Arab Emirates — 1st of 14: 896.97 billion
• Oman — 3rd of 14: 208.07 billion
• Afghanistan — 4th of 14: 95.78 billion
• Macao SAR, China — 5th of 14: 86.31 billion

What this measures

This indicator provides values for gross national income (GNI) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator.

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

All 35 values

GNI, PPP (current international $) in nearby economies

• Afghanistan — 95.78 billion (2024)
• Algeria — 864.99 billion (2025)
• Bahrain — 104.83 billion (2025)
• Djibouti — 10.25 billion (2025)
• Egypt, Arab Rep. — 2.29 trillion (2025)
• Iran, Islamic Rep. — 1.82 trillion (2025)
• Iraq — 671.97 billion (2025)
• Israel — 595.97 billion (2025)
• Jordan — 143.28 billion (2025)
• Lebanon — 68.48 billion (2024)
• Libya

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

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Questions people ask

What is Kuwait's GNI, PPP (current international $)?

313.63 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 325.96% from 73.63 billion in 1990 (4.35% a year on average, compounded). The highest value was 313.63 billion in 2024 and the lowest 47.14 billion in 1991.

How does Kuwait rank?

2nd highest of 14 economies with data for 2024.

Is the latest change in GNI, PPP (current international $) unusual for Kuwait?

In 2024, Kuwait's GNI, PPP (current international $) rose 1.9% on 2023 (from 307.9 billion to 313.63 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.7% and a typical year strayed about 11.1% from that (the standard deviation). This year's change was 0.3 standard deviations below 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.GNP.MKTP.PP.CD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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