Kuwait: Gross domestic savings (current LCU)

Key figures

What the numbers say

In 2024, Kuwait's gross domestic savings (current LCU) fell 2.77 billion on 2023 (from 18.87 billion to 16.1 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +579.27 million and a typical year strayed about 4.98 billion 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 10.07 billion in 2022 and the biggest yearly fall was 12.84 billion in 2015. 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 1.03 billion a year. A straight line explains 37% 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 17th 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

• Panama — 14th of 36: 33.38 billion
• Zimbabwe — 15th of 36: 28.11 billion
• Oman — 16th of 36: 17.36 billion
• Eswatini — 18th of 36: 13.35 billion
• Faroe Islands — 19th of 36: 8.81 billion
• Bahrain — 20th of 36: 8.18 billion

What this measures

Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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

Gross domestic savings (current LCU) in nearby economies

• Algeria — 15.09 trillion (2025)
• Bahrain — 8.18 billion (2024)
• Djibouti — 133.49 billion (2025)
• Egypt, Arab Rep. — 217 billion (2025)
• Iran, Islamic Rep. — 88,983.2 trillion (2025)
• Iraq — 114.18 trillion (2024)
• Israel — 558.17 billion (2025)
• Lebanon — -793.91 trillion (2024)
• Libya — 93.87 billion (2025)
• Malta — 9.32 billion (2025)
• Morocco

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 gross domestic savings (current LCU)?

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

How has it changed since 1965?

It is up 3,462% from 452 million in 1965 (6.24% a year on average, compounded). The highest value was 29.86 billion in 2012 and the lowest -2.17 billion in 1991.

How does Kuwait rank?

17th highest of 36 economies with data for 2024.

Is the latest change in gross domestic savings (current LCU) unusual for Kuwait?

In 2024, Kuwait's gross domestic savings (current LCU) fell 2.77 billion on 2023 (from 18.87 billion to 16.1 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +579.27 million and a typical year strayed about 4.98 billion 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 NY.GDS.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.

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