Kuwait: Households and NPISHs Final consumption expenditure, PPP (current international $)

Key figures

What the numbers say

In 2024, Kuwait's households and NPISHs Final consumption expenditure, PPP (current international $) rose 5.5% on 2023 (from 105.82 billion to 111.65 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +6.1% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.1 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 44.3% in 1993 and the biggest yearly fall was 20.5% in 1992. 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 3.78 billion a year. A straight line explains 84% 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.

A straight-line projection, tested first

Extending that straight line gives about 118.52 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 6.2 billion, against 15.3 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Kuwait had the 10th highest value of the 28 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

• Angola — 6th of 28: 206.15 billion
• New Zealand — 7th of 28: 164.07 billion
• Bolivia — 8th of 28: 113.84 billion
• Oman — 10th of 28: 87.13 billion
• Panama — 11th of 28: 82.99 billion
• Lebanon — 12th of 28: 57.34 billion

What this measures

This indicator provides values for final consumption expenditure 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. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

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

All 35 values

Households and NPISHs Final consumption expenditure, PPP (current international $) in nearby economies

• Algeria — 377.97 billion (2025)
• Bahrain — 37.49 billion (2024)
• Djibouti — 6.38 billion (2025)
• Egypt, Arab Rep. — 2.19 trillion (2025)
• Iran, Islamic Rep. — 916.05 billion (2025)
• Iraq — 301.8 billion (2024)
• Israel — 280.01 billion (2025)
• Lebanon

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Kuwait's households and NPISHs Final consumption expenditure, PPP (current international $)?

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

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.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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