Kuwait's gross capital formation (current LCU) was 7.45 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.16% from 7.54 billion in 2014 (0.12% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.45 billion | 2024 |
| Five years earlier | 9.84 billion | 2019 |
| Ten years earlier | 7.54 billion | 2014 |
| Highest | 10.7 billion | 2018 |
| Lowest | 118 million | 1965 |
| Average since 2015 | 8.8 billion | 2015–2024 |
| First recorded | 118 million |
What the numbers say
In 2024, Kuwait's gross capital formation (current LCU) fell 17.4% on 2023 (from 9.03 billion to 7.45 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.3% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 71.7% in 1975 and the biggest yearly fall was 35.5% in 2020. 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 21% 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 26th highest value of the 38 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
- Eswatini — 23rd of 38: 13.33 billion
- Oman — 24th of 38: 10.24 billion
- Faroe Islands — 25th of 38: 7.87 billion
- Bahrain — 27th of 38: 5.03 billion
- Bahamas, The — 28th of 38: 4.24 billion
- Fiji — 29th of 38: 2.82 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 60 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2024 | 7,452,814,033 |
| 2023 | 9,027,540,137 |
| 2022 | 9,300,311,719 |
| 2021 | 6,474,144,297 |
| 2020 | 6,342,300,000 |
| 2019 | 9,836,931,100 |
| 2018 | 10,695,255,500 |
| 2017 | 10,152,416,800 |
| 2016 | 9,903,225,600 |
| 2015 | 8,765,911,400 |
Gross capital formation (current LCU) in nearby economies
- Afghanistan — 215.62 billion (2024)
- Algeria — 17.1 trillion (2025)
- Bahrain — 5.03 billion (2024)
- Djibouti — 12.74 billion (2025)
- Egypt, Arab Rep. — 2.34 trillion (2025)
- Iran, Islamic Rep. — 112,506 trillion (2025)
- Iraq — 69.57 trillion (2024)
- Israel — 513.32 billion (2025)
- Lebanon — 33.59 trillion (2024)
- Libya — 36.42 billion (2025)
- Malta
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 (current LCU)?
- 7.45 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is up 6,216% from 118 million in 1965 (7.28% a year on average, compounded). The highest value was 10.7 billion in 2018 and the lowest 118 million in 1965.
- How does Kuwait rank?
- 26th highest of 38 economies with data for 2024.
- Is the latest change in gross capital formation (current LCU) unusual for Kuwait?
- In 2024, Kuwait's gross capital formation (current LCU) fell 17.4% on 2023 (from 9.03 billion to 7.45 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.3% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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