Kuwait's gross national expenditure (constant LCU) was 29.83 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 15.32% from 25.87 billion in 2014 (1.44% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 29.83 billion | 2024 |
| Five years earlier | 30.54 billion | 2019 |
| Ten years earlier | 25.87 billion | 2014 |
| Highest | 30.68 billion | 2023 |
| Lowest | 21.07 billion | 2010 |
| Average since 2015 | 28.95 billion | 2015–2024 |
| First recorded | 21.07 billion |
What the numbers say
In 2024, Kuwait's gross national expenditure (constant LCU) fell 2.8% on 2023 (from 30.68 billion to 29.83 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +3.1% and a typical year strayed about 6.2% from that (the standard deviation). This year's change was 0.9 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 9.6% in 2022 and the biggest yearly fall was 15.6% 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 13% 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 20th 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.
Closest to Kuwait in the 2024 ranking
- Eswatini — 17th of 31: 69.6 billion
- Cuba — 18th of 31: 51.05 billion
- Oman — 19th of 31: 31.88 billion
- Bahamas, The — 21st of 31: 14.68 billion
- Solomon Islands — 22nd of 31: 14.59 billion
- Bahrain — 23rd of 31: 12.9 billion
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 15 values
| Year | Gross national expenditure (constant LCU) |
|---|---|
| 2024 | 29,830,521,181 |
| 2023 | 30,681,072,597 |
| 2022 | 30,174,300,000 |
| 2021 | 27,533,500,000 |
| 2020 | 25,790,700,000 |
| 2019 | 30,539,611,900 |
| 2018 | 30,391,433,900 |
| 2017 | 29,002,592,400 |
| 2016 | 28,312,881,000 |
| 2015 | 27,217,554,000 |
Gross national expenditure (constant LCU) in nearby economies
- Algeria — 12.04 trillion (2025)
- Bahrain — 12.9 billion (2024)
- Djibouti — 636.95 billion (2025)
- Egypt, Arab Rep. — 9.33 trillion (2025)
- Iran, Islamic Rep. — 72,855.9 trillion (2025)
- Iraq — 159.79 trillion (2024)
- Israel — 1.71 trillion (2025)
- Lebanon — 51.36 trillion (2024)
- Libya — 64.55 billion (2025)
- Malta — 16.33 billion (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 national expenditure (constant LCU)?
- 29.83 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 41.61% from 21.07 billion in 2010 (2.52% a year on average, compounded). The highest value was 30.68 billion in 2023 and the lowest 21.07 billion in 2010.
- How does Kuwait rank?
- 20th highest of 31 economies with data for 2024.
- Is the latest change in gross national expenditure (constant LCU) unusual for Kuwait?
- In 2024, Kuwait's gross national expenditure (constant LCU) fell 2.8% on 2023 (from 30.68 billion to 29.83 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +3.1% and a typical year strayed about 6.2% from that (the standard deviation). This year's change was 0.9 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.DAB.TOTL.KN, 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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