Kuwait's gross capital formation (annual % growth) was -18.28% in 2024, the latest year in the World Bank's World Development Indicators. That is down 25.56 percentage points from 7.29% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -18.28% | 2024 |
| Five years earlier | -8.41% | 2019 |
| Ten years earlier | 7.29% | 2014 |
| Highest | 41.8% | 2022 |
| Lowest | -35.48% | 2020 |
| Average since 2015 | 1.13% | 2015–2024 |
| First recorded | -2.35% | 2011 |
What the numbers say
In 2024, Kuwait's gross capital formation (annual % growth) fell 15.67 percentage points on 2023 (from -2.61% to -18.28%).
Across the 12 yearly changes before that (2012 to 2023), the average change was −0.02 percentage points and a typical year strayed about 23.6 percentage points from that (the standard deviation). This year's change was 0.7 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 40.44 percentage points in 2022 and the biggest yearly fall was 44.41 percentage points in 2023. 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 4% 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 31 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.
| Value | Year | |
|---|---|---|
| Kuwait | -18.28% | 2024 |
| World | 2.87% | 2025 |
| High income | 1.13% | 2024 |
Closest to Kuwait in the 2024 ranking
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 14 values
| Year | Gross capital formation (annual % growth) |
|---|---|
| 2024 | -18.28 |
| 2023 | -2.61 |
| 2022 | 41.8 |
| 2021 | 1.36 |
| 2020 | -35.48 |
| 2019 | -8.41 |
| 2018 | 4.64 |
| 2017 | 1.24 |
| 2016 | 11.55 |
| 2015 | 15.48 |
| 2014 |
Gross capital formation (annual % growth) in nearby economies
- Algeria — 10.97% (2025)
- Bahrain — 3.45% (2024)
- Djibouti — -41.22% (2025)
- Egypt, Arab Rep. — -5.47% (2025)
- Iran, Islamic Rep. — -10.46% (2025)
- Iraq — -40.48% (2024)
- Israel — 7.38% (2025)
- Lebanon — -31.63% (2024)
- Libya — 8.56% (2025)
- Malta — 2.25% (2025)
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 gross capital formation (annual % growth)?
- -18.28% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2011?
- It is down 15.93 percentage points from -2.35% in 2011. The highest value was 41.8% in 2022 and the lowest -35.48% in 2020.
- How does Kuwait rank?
- 29th highest of 31 economies with data for 2024.
- Is the latest change in gross capital formation (annual % growth) unusual for Kuwait?
- In 2024, Kuwait's gross capital formation (annual % growth) fell 15.67 percentage points on 2023 (from -2.61% to -18.28%). Across the 12 yearly changes before that (2012 to 2023), the average change was −0.02 percentage points and a typical year strayed about 23.6 percentage points from that (the standard deviation). This year's change was 0.7 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 NE.GDI.TOTL.KD.ZG, 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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