Kuwait GDP

The Gross Domestic Product (GDP) in Kuwait was worth 176.59 billion US dollars in 2011. The GDP value of Kuwait represents 0.28 percent of the world economy. GDP in Kuwait is reported by the World Bank. From 1962 until 2011, Kuwait GDP averaged 33.3 USD Billion reaching an all time high of 176.6 USD Billion in December of 2011 and a record low of 1.8 USD Billion in December of 1962. 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. This page provides - Kuwait GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
176.59 124.35 176.59 1.83 289.54 | 2014/06 1962 - 2011 USD Billion Yearly

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Kuwait GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 19245.40 2011-06-30 18104.20 19955.90 572.00 22669.00 2014-06-30 KWD Million [+]
Gross Fixed Capital Formation 7746.40 2012-06-29 7261.60 7746.40 96.00 8685.89 2014-06-30 KWD Million [+]
GDP 176.59 2011-12-31 124.35 176.59 1.83 289.54 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 6.10 2012-12-31 6.30 33.99 -20.62 11.44 2014-06-30 Percent [+]
GDP per capita 31626.23 2011-12-31 30532.94 35185.93 3815.53 33936.20 2014-06-30 USD [+]
GDP per capita PPP 43230.63 2011-12-31 41736.19 48096.47 22877.48 45761.08 2014-06-30 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Kuwait Inflation Rate at 3.00 Percent  
The inflation rate in Kuwait was recorded at 3 percent in March of 2014. Inflation Rate in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Population at 3.82 Million  
The total population in Kuwait was last recorded at 3.8 million people in 2012 from 0.3 million in 1960, changing 1369 percent during the last 50 years. Population in Kuwait is reported by the Kuwait Central Statistical Bureau.
Kuwait Government Debt To GDP at 5.28 Percent  
Kuwait recorded a Government Debt to GDP of 5.28 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Government Budget at 28.93 Percent of GDP  
Kuwait recorded a Government Budget surplus equal to 28.93 percent of the country's Gross Domestic Product in 2013. Government Budget in Kuwait is reported by the Central Bank of Kuwait.
Kuwait GDP Annual Growth Rate at 6.10 Percent  
The Gross Domestic Product (GDP) in Kuwait expanded 6.10 percent in 2012 from the previous year. GDP Annual Growth Rate in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Current Account to GDP at 38.80 Percent  
Kuwait recorded a Current Account surplus of 38.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Current Account at 5581.00 KWD Million  
Kuwait recorded a Current Account surplus of 5581 KWD Million in the third quarter of 2013. Current Account in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Producer Prices at 123.40 Index Points  
Producer Prices in Kuwait decreased to 123.40 Index Points in December of 2013 from 123.90 Index Points in November of 2013. Producer Prices in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Crude Oil Production at 2650.00 Thousands Barrels per Day  
Crude Oil Production in Kuwait remained unchanged at 2650 Thousands Barrels per Day in October of 2013 from 2650 Thousands Barrels per Day in September of 2013. Crude Oil Production in Kuwait is reported by the U.S. Energy Information Administration.
Kuwait Capital Flows at -9338.00 KWD Million  
Capital Flows in Kuwait decreased to -9338 KWD Million in 2010 from -7293 KWD Million in 2009. Capital Flows in Kuwait is reported by the Central Bank of Kuwait.
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Hong Kong Unemployment Rate Unchanged in March  
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Hong Kong Inflation Rate Unchanged in March  
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