Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
—
Forecast
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Highest
183.94 B USD on Dec 31, 2022
Lowest
1.83 B USD on Dec 31, 1962
About Kuwait GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Kuwait GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Kuwait GDP was 163.7 B USD, and the year before it reached 183.94 B USD.
Kuwait GDP accounts for 0.15% of the world GDP.
In 2023 Kuwait GDP per capita was 24.16 K USD, and in 2022 it reached 26.51 K USD. GDP per capita is gross domestic product divided by a country's population.
Last quarter Kuwait real GDP was 9.73 B KWD, the quarter before it reached 9.95 B KWD.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Kuwait GDP has ever reached is 183.94 B USD.
The lowest ever value Kuwait GDP has reached is 1.83 B USD.